RenewaFi, the platform to price and source offtake, today announced the addition of BESS analytics to its Price Tracker. Covering ERCOT, the BESS analytics complement the PPA analytics already included in the Price Tracker. These new analytics, which combine an energy-only valuation model with hundreds of toll prices from RenewaFi’s marketplace, provide originators unique insight into the ERCOT BESS market.

Noam Yaffe, Founder and CEO, said: “As battery storage grows rapidly in ERCOT, originators need increasing visibility into BESS offtake pricing. Our new BESS analytics combine energy-only valuation benchmarks with real prices for BESS tolls from our marketplace. The result is unmatched price transparency into this pivotal segment of the ERCOT offtake market.”  

The energy-only BESS valuations shown in the Price Tracker are based on a TB2 model. TB2 stands for "top-bottom two," meaning the two hours with the highest prices and the two hours with the lowest prices per day. In short, a TB2 valuation represents the energy-only value of a two-hour BESS asset over the term of the given offtake agreement.

In addition to the TB2 valuation, users can overlay average offer prices for BESS tolling agreements from RenewaFi’s marketplace. This dataset also includes BESS toll match prices, representing where buyers and sellers agreed to begin bilateral negotiations. Since February, RenewaFi market participants have posted more than 200 BESS toll prices and made eight matches.

Request a free trial here.

‍

About RenewaFi

RenewaFi is a renewable energy platform that helps originators price and source offtake agreements. The company does this by combining a neutral price tracker with an anonymous marketplace. More than 400 originators turn to RenewaFi to discover prices and find their next counterparty. Learn more at RenewaFi.com.