Course 17 of 20 · Battery and Flexibility Desk Academy

Multi-Asset Portfolio Allocation

Stage D, Multi-asset and portfolio specialisation. Level 9 of 10.

Allocating commitments, capacity and risk across several flexibility assets and markets as one portfolio rather than asset by asset.

125 chapters · 12 modules · every chapter one 8 to 10 minute explainer · builds on: Course 09, Course 11, Course 14, Course 15

Enrol or enquire See the 125 chapters
How a chapter is delivered

One chapter is one idea taken to the point of use

Each chapter covers one idea to the point where you can use it, and comes two ways: a narrated explainer, and a deep dive audio discussion of around thirty minutes that works the same material at depth.

Self-paced throughout, and the same chapters can be taught as a cohort. Chapters run in order: each one assumes only what the chapters before it taught, and capability belonging to a later course is named and deferred rather than half-covered.

Curriculum

12 modules · 125 chapters

Open any module for its full chapter list, in teaching order.

M0 One Flexibility Portfolio Rather Than Several Optimised Assets Ch 1-10
  1. The Week Three Batteries Each Had Their Best Month and the Desk Missed Its Obligation
  2. Whose Desk This Is: The Flexibility Operator's Seat
  3. What Sits Inside a Flexibility Portfolio and What Only Looks Like It
  4. Power, Energy, Throughput and Response Speed as Four Separate Resources
  5. Why Two Units With the Same Megawatt Rating Behave Unalike
  6. The Allocation Matrix: Promises Down One Side, Assets Across the Other
  7. The Clock a Multi-Asset Flexibility Desk Runs On
  8. Who Reads an Allocation Plan and What Each Decides From It
  9. The Capability This Material Does Not Reteach
  10. The Four Simplifications This Allocation Method Rests On
M1 The Capability Register: What Each Asset Actually Brings Ch 11-21
  1. The Capability Record Without Which Nothing Can Be Placed
  2. Reducing Power, Energy and Duration to One Comparable Line
  3. Entering a Grid-Scale Unit Beside a Co-Located One
  4. Entering an Aggregated Fleet of Small Premises as One Member
  5. Entering a Flexible Industrial Load Beside a Storage Unit
  6. Entering a Unit You Have Tolled In Rather Than Own
  7. Entering an Asset a Third Party Dispatches
  8. Round-Trip Efficiency as a Conversion Rather Than a Statistic
  9. Remaining Warranty Throughput as a Depleting Resource
  10. Firm, Conditional and Expected Capability
  11. A Capability Register Assembled Across Nine Assets, Worked
M2 The Sold Book: What the Portfolio Has Already Promised Ch 22-31
  1. Every Sale Rewritten as Something the Portfolio Must Honour
  2. Committing One Asset's Capacity Removes It From the Pool
  3. Separating a Firm Promise From an Intention to Bid
  4. Asset-Registered Promises Against Portfolio-Registered Ones
  5. Overlapping Delivery Windows Across Several Markets on One Timeline
  6. Availability Held Ready Against Energy Actually Delivered
  7. Which Direction Each Promise Needs
  8. Notice Periods and Lead Times That Decide What Can Still Move
  9. The Uncommitted Pool as What Is Left to Sell
  10. A Sold Book Laid Against the Capability Register, Worked
M3 Placing a Promise on the Right Asset Ch 32-43
  1. The Question Single-Asset Stacking Does Not Answer
  2. Marginal Cost of a Placement Rather Than Average Asset Margin
  3. The Opportunity Cost of What That Member Could Have Served Instead
  4. Exhausting Short-Duration Members First, and When That Fails
  5. Ordering Candidates by Remaining Throughput Rather Than Spare Power
  6. A Promise Placed on the Wrong Member and the Shortfall Left Elsewhere
  7. Holding a Member Deliberately Unplaced
  8. Matching Promises to Members by Response Speed
  9. Placing on a Co-Located Member Whose Connection Is Already Busy
  10. Placing on an Aggregated Member Whose Delivery Is Probabilistic
  11. Refusing a Promise That Shows a Margin
  12. One Promise Placed Three Ways, Compared
M4 Allocating Across Markets Rather Than Across Assets Ch 44-54
  1. Market Admission as Something the Portfolio Holds
  2. A Qualification Rule That Strands an Otherwise Capable Member
  3. The Admission Matrix: Which Members Reach Which Markets
  4. Prequalified Quantity Against Present Capability
  5. Choosing Between a Long-Dated Availability Obligation and Shorter Trading
  6. Two Ancillary Services Scored by Different Measurement
  7. Dividing Capability Between Two Separately Priced Zones
  8. Gate Closure Times That Fix the Order of Decisions
  9. Holding Location and Admission Steady, and What Defeats It
  10. The Market That Pays Most Against the Market That Costs Least
  11. The Whole Pool Spread Across Four Markets, Worked
M5 Spreading Across Assets and Markets Ch 55-65
  1. What Spreading a Flexibility Portfolio Can and Cannot Do
  2. Estimating Whether Two Members Fail Together
  3. Distance as a Weak Proxy for Independence Between Storage Sites
  4. Mismatched Duration as the Stronger Source of Offset
  5. Treating Members as Independent, and What Defeats It
  6. One Dispatch Platform Behind Apparently Separate Members
  7. One Network Instruction Reaching Several Members at Once
  8. Spreading Across Services Against Spreading Across Assets
  9. When One More Asset Leaves the Desk Worse Off
  10. The Case for Many Small Members and the Case for Few Large Ones
  11. A Portfolio That Spread on Paper Only
M6 Portfolio Capability Is Not the Sum of Its Assets Ch 66-75
  1. Why Capability Does Not Simply Add Up
  2. Shared Connections That Cap Two Members Together
  3. Minimum Bid Sizes That Strand Small Members
  4. Everything Instructed One Way at Once
  5. Aggregate State of Charge as a Misleading Single Figure
  6. Diversity Benefit Claimed at Portfolio Level and Who Pays for It
  7. Response Speed Set by the Slowest Contributor
  8. Conversion Losses Compounding Along a Placement Chain
  9. A Capability Curve Rather Than a Headline Figure
  10. Portfolio Capability Measured Three Ways, Worked
M7 Building, Sequencing and Constraining the Plan Ch 76-86
  1. The Order in Which Placement Constraints Are Applied
  2. Filling the Hardest Market First
  3. Laddering Promise End Dates Across the Portfolio
  4. Pooling Warranty Headroom Instead of Reserving It Per Asset
  5. Choosing Between Two Promises Only One Can Be Served
  6. Serving One Promise From Two Members
  7. When No Feasible Plan Exists
  8. Bending One Rule on Purpose
  9. The Limit Set a Multi-Asset Flexibility Desk Needs
  10. Rearranging Placements Within the Notice You Have
  11. One Allocation Plan Built End to End, Worked
M8 Measuring and Attributing What the Portfolio Earned Ch 87-97
  1. What an Allocation Report Must Answer
  2. Earnings per Megawatt Hour of Capability Committed
  3. Attributing Result to the Member, the Market and the Placement
  4. Separating Price Movement From Placement Quality
  5. The Counterfactual Plan and Why Hindsight Is Not the Test
  6. Throughput Spent Against Money Earned, Member by Member
  7. Utilisation Measured Against What Was Actually Offerable
  8. The Member That Looked Worst and Carried the Rest
  9. The Measure That Flatters a Flexibility Desk
  10. Reconciling the Desk's Record to What the Assets Were Paid
  11. One Quarter Decomposed, Worked
M9 Risk Moved Around the Portfolio Ch 98-107
  1. The Three Risks a Placement Moves Rather Than Removes
  2. Penalty Exposure Added Up Across Markets
  3. Concentration in One Service's Earnings
  4. Concentration in One Buyer or Counterparty
  5. Security and Collateral Called in Several Markets at Once
  6. Degradation Deliberately Concentrated on One Member
  7. Correlated Non-Delivery and the Penalty Week
  8. A Floored Member Beside a Merchant One in the Same Plan
  9. Setting an Exposure Ceiling and Defending the Number
  10. One Risk Page Assembled, Worked
M10 Mandate, Decision Rights and the Record Ch 108-116
  1. The Allocation Mandate and What It Authorises
  2. Decision Rights Over Which Member Serves Which Promise
  3. Placing Across Assets Owned by Different Parties
  4. When an Optimiser's Incentive Pulls Against Your Plan
  5. Recording Why This Member and Not Another
  6. Keeping Dissent in the Placement File
  7. Reviewing Placements on a Calendar Rather Than After a Surprise
  8. Handing a Flexibility Portfolio to the Next Manager
  9. Explaining a Plan to the Owner Whose Asset Earned Least
M11 The Whole Capability on One Portfolio, and Its Limits Ch 117-125
  1. The Worked Operator, Part One: Five Members, Four Markets, and What Is Already Sold
  2. The Worked Operator, Part Two: The Pool as Found
  3. The Worked Operator, Part Three: The Placements Decided
  4. The Worked Operator, Part Four: The Constraint That Bit and the One That Did Not
  5. The Worked Operator, Part Five: The Quarter Defended
  6. The Same Operator Run With One Member Removed
  7. Judging a Placement by Its Inputs Rather Than Its Outcome
  8. What Allocating Across Assets Cannot Do
  9. Where This Plan Goes Next

The brochure gives each of these 125 chapters a paragraph on what it covers and what you can do once you have worked through it.

This is course 17 of twenty

It stands alone, and it is also the entry point to the Battery and Flexibility Desk Academy pathway.

Enrol or enquire See the whole pathway