Macedonia could significantly increase the efficiency of its electricity production if it invests without delay in battery storage technologies. This would make it possible to store energy when it costs less, and then use or export it when demand and market prices are higher.
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The assessment was made by former Deputy Prime Minister and chairman of the Macedonian Energy Association, Koço Angjushev, during an interview with “Bloomberg Adria.”
“Bulgaria has acted very well in this regard and secured considerable financial benefits. Macedonia can also follow this example, so it should take advantage of this opportunity, not miss it, and act quickly in this sector,” Angjushev said.
The importance of battery systems is growing in parallel with the expansion of production from photovoltaic power plants. During the hours when solar facilities generate large amounts of energy, considerable surpluses may arise in the market, putting downward pressure on prices.
Surplus energy would not need to be sold immediately at low rates. It could be stored in batteries and put to use at a later stage, when demand rises and the price is more favorable.
Angjushev stressed that such a mechanism would be beneficial not only for investors in renewable energy sources. Batteries could also help stabilize and better balance the electricity system, reducing the costs associated with this process.
