Gore Street Energy Storage Share Discussion Threads

[scruff1] 29/2/2024 13:45

Im not sure either waterloo its just how it works. Wall street drops - London drops its often just a general thing - you must have experienced that. Its always been a case of kick one and they all limp. If there was reason involved how come we are down at this level again? Weve been through the lack of logic a thousand times. Its often only the big moves that can be reason specific the rest just tend to be part of a drift. To move GSF north is gonna take some really positive news from them or perhaps the sector in general but until then we are gonna drift down and any negative general news is gonna accelerate it downwards every now and again. Thats how I see it anyway and thats how its been thus far

[waterloo01] 29/2/2024 13:07

scruff, not sure what that has to do with GSF? Other UK players are not down and as much of the revenue is Ex UK, I don't see that as a reason.

[waterloo01] 29/2/2024 12:38

Can't see anything. Meanwhile

UK batteries, pumped hydro get 2.9GW of T-4 Capacity Market contracts at record price

The UK electricity system operator’s T-4 Capacity Market Auction (CMA) for delivery year 2027/28 cleared earlier this week (27 February) after two rounds at an “all-time high” clearing price of £65 (US$82.23)/kW/year.

Fintan Devenney, senior energy analyst at energy data analyst EnAppSys, noted that this “all-time high” is £2/kW/year higher than the 2023 auction clearing price “which was itself a record high at the time.”

[lord gnome] 29/2/2024 11:40

Heavy and sustained selling today. Driving down the price. No buyers in sight. Any ideas as to why? Negative broker note?

[waterloo01] 27/2/2024 11:54

“The biggest winners in this week’s auction were the large number of battery developers who will be able to supply power to the UK next year when the system is short,” Sam Hollister, head of energy economics and finance at energy transition research and consultancy group LCP Delta said after publication of results.

Coupled with this week’s T-4 auction, which will secure capacity four years out from delivery year, the overall cost of the two Capacity Market solicitations could be around £3 billion of taxpayers’ money, Hollister said.

With the T-1 costing about £273 million in contracts, the T-4 could cost about £2.6 billion, the economist said, with 44GW of generation targeted.

The T-4 auction is expected to clear today and the industry’s expectation is that prices will be much higher than at T-1. Hollister said T-4 prices could exceed last year’s £63/kW/yr, which was a record-breaking level at the time.

[melody9999] 27/2/2024 09:57

I think there is one thing that you can say and that is that the actions by the NG / ESO in terms of (not) enabling use of battery storage are now in the public domain. And that with the green agenda NG will want to ensure they address the technical issues as quickly as possible....and communicate same. Its political. All IMV.

[cocopah] 27/2/2024 09:49

#scruff1 You are not the only one! They love to use language like ‘contribution to the revenue stack’ and I increasingly find the income opaque to quantify. This is something that #GSF could definitely help private investors to understand. I guess none of us were concerned until we saw the revenue amount per kilowatt hour drop through the floor in the UK … and now we are all very much focused on it.

I don’t even know if we have FerryMuir energised yet … or how much difference NG relaxing the 15 min rule will make to our revenue or whether it will be constrained by our one hour batteries. Questions, questions heh! 🤷‍a94;️🤔

[scruff1] 27/2/2024 09:03

Cheers Coco. Not sure I understand it but thanks anyway. Which was the site that gave the full breakdown ?

[cocopah] 27/2/2024 08:25

Capital Market Line … The capital market line (CML) represents portfolios that optimally combine risk and return. It is a theoretical concept that represents all the portfolios that optimally combine the risk-free rate of return and the market portfolio of risky assets.

[scruff1] 23/2/2024 09:10

Thanks - though Im finding it difficult to interpret. What does CML mean anyone?
Limited interest in T-4 is hardly surprising imo

[george stobart] 23/2/2024 08:44

Jefferies note on T-1 Auction. Given GSF has the lowest exposure to GB, as anticipated the results have a marginal impact on revenue/NAV.

First View: T-1 Capacity Market Auction Result

Having cleared at £35.79/kw, the T-1 auction will result in limited NAV uplifts for the battery storage funds. Here we estimate a 1.1% uplift on HEIT's NAV as at 31/10/23, a 0.5% uplift on GRID's NAV as at 30/09/23, and a 0.2% uplift on GSF's NAV as at 30/09/23. Notwithstanding this, the additional revenues from October are likely to be useful, should the income from ancillary services and trading remain weak over the course of the year. We also note limited participation from the funds' projects in the upcoming T-4 auction.

[mirandaj] 23/2/2024 08:25

18BT Very interesting- see pages 7 and 8. Thank you.

[18bt] 23/2/2024 07:40

Interesting announcement from Gresham House this morning. Nothing yet from GSF so not quite sure of the read across. 5 GSF assets seem to have been awarded contracts in the auction summary at

[george stobart] 20/2/2024 09:21

Underneath Lisbon monuments, there is evidence of ancient alien cemeteries. Same happening in Greece

The media is refusing to tell you the truth

[mirandaj] 19/2/2024 16:42

Expanding on 1083 for interest

[lord gnome] 19/2/2024 15:06

Neily, why are you bothering to post random details of prices? We are all perfectly capable of reading these for ourselves.

[george stobart] 19/2/2024 15:04

Jefferies note this morning

• Battery Storage – National Grid ESO has announced its plans to change the 15-minute rule to 30-minute rule starting from 1 March 2024. Modo Energy had previously highlighted that the 15-minute rule restricts the percentage of Balancing Mechanism dispatches available to batteries to c.24% and by moving to the 30-minute limit, this figure could increase to 69%, helping to increase the revenue opportunities for batteries in the balancing mechanism.

[neilyb675] 19/2/2024 14:57

65.70 - 66.30 (GBX) at 14:43:42
on Market (LSE)

[brucie5] 15/2/2024 10:35

tonytyke214 Feb '24 - 13:45 - 1077 of 1080
0 3 1
--------------------------------------------
Yes - I hold GCP and SUPR. Fortunately out of CGB. Who'd be an income investor?!
;)

[waterloo01] 14/2/2024 18:47

People reading 'broker' note. (From GRID's broker!)

[scruff1] 14/2/2024 18:46

Fathom today then. GSF down 2.5% HEIT down 5% GRID up 10%. Does anyone know whats going on?

[daveoz1] 14/2/2024 16:27

Kev: Count your blessings. I originally bought at 96p. Seemed a low price compared to it's recent range of 116p.... Gut feeling is not always a good guide..!