Valuing Ancillary Services in Power Markets

This report is a comprehensive analysis of the value of ancillary market services in Great Britain and other international markets. It outlines various ancillary services available to power generators, including frequency response, reactive power, restoration, stability, and reserve markets. The document details the total market value of each service over the past five years, helping to identify potential revenue streams for power generators. Additionally, it provides a historic view of volumes procured and pricing in each market, along with a breakdown of requirements. The report also discusses the procurement of reactive power services, including the Obligatory Reactive Power Service and Enhanced Reactive Power Service, and highlights the impact of external factors such as inflation and energy prices on these services. Furthermore, it includes insights into future services and market trends across several European countries, including Belgium, Germany, Ireland, Italy, the Netherlands, and Spain.