Article

The Regulatory Authority for Waste, Energy and Water (RAAEY) in Greece has revised Balancing Market rules, lowering the threshold for large storage facilities from 40 MW to 10 MW. This change requires larger units to operate independently in electricity markets, enhancing oversight and management of grid constraints.

The new framework also imposes stricter operational requirements for storage operators, including detailed scheduling for energy transactions. Benefits accrue to large-scale battery projects and renewable energy producers, while conventional power producers may face increased pressure and reduced revenues due to the competitive edge of battery storage.