What is Grid Balancing

Maintaining balance between electricity supply and demand is crucial in power grids, but it is impossible to predict it perfectly, leading to imbalances such as energy deficits or surpluses. Deficits cause frequency drops, while surpluses lead to increases, which can damage various equipment. With the growing number of electric vehicle chargers and renewable energy sources (solar, wind), predicting energy consumption becomes increasingly complex, resulting in larger imbalances. These imbalances can be managed in the balancing market, where energy storage systems are particularly well-suited. They can quickly respond by discharging to cover deficits or charging to address surpluses. In Lithuania, the balancing market is still developing, and imbalances are increasing, making investments in energy storage systems highly promising.