Battery trading performance: Demystifying normalised revenue and percent of perfect foresight

AI Summary

• •The article from OptiGrid identifies 'normalised revenue' and 'percentage of perfect capture rate' (or 'percent of perfect foresight') as the two primary metrics for evaluating battery storage trading performance.
• •These metrics are critical for developers and IPPs to assess how effectively a battery's actual trading revenue compares to its theoretical maximum under ideal market conditions.
• •Understanding these performance benchmarks is essential for optimizing battery dispatch strategies, accurately forecasting project returns, and making informed investment decisions for storage assets.
• •For large power consumers, these metrics indirectly influence the economic viability and reliability of grid-connected or behind-the-meter storage solutions by providing a clear measure of asset performance.