Market Updates

ERCOT: Battery energy storage revenues in six charts (Apr 29th - May 5th)

With the 60-day lag in ERCOT’s market disclosure data, staying up to date with battery energy storage revenues can feel impossible. However, there are still ways to assess recent opportunities for batteries.Across last week - April 29th to May 5th, inc...

09 May 2024

Benchmarking Pro ERCOT

ERCOT: Battery energy storage revenue breakdown - Jan/Feb 2024

Modo Energy’s ERCOT BESS index represents average battery energy storage revenues. And, across January and February 2024 (the last two full months for which ERCOT market disclosure data exists), batteries listed on the index made around $55,000/MW (ann...

06 May 2024

ERCOT: Battery energy storage revenues - in five charts (April 15th-28th)

With the 60-day lag in ERCOT’s market disclosure data, staying up to date with battery energy storage revenues can feel impossible. However, there are still ways to assess recent opportunities for batteries.Across the two weeks from April 15th to 28th ...

03 May 2024

Benchmarking Pro GB

GB BESS Index: battery energy storage revenues rise 33% in April 2024

The GB BESS index increased 33% in April to £43k/MW/year, its highest level since October 2023. Revenues had previously increased to £32k/MW/year in March, after lows in January and February. With Capacity Market revenue included the index rises to £54...

03 May 2024

Grid connections reform: ESO proposes extending process to existing queue

In April, ESO published its latest proposals for grid connection reform, which extends queue management processes to existing projects as well as new ones. This comes as the connection queue continues to grow rapidly, with 110GW of new capacity enterin...

02 May 2024

Benchmarking Pro GB

Triads 2023/24: How much did batteries earn?

National Grid ESO published the final Triad dates for winter 2023/24 in early April. Triad demand averaged 42 GW, with a record-low Triad demand of 39.5 GW on January 4th. But how do batteries earn revenue from Triads, how well did they perform this ye...

26 Apr 2024

GB BESS: the five headlines from Q1 2024

Q1 2024 was challenging for market participants with operational battery energy storage systems in Great Britain. However, there were the beginnings of improvements that point towards a brighter rest of the year. Recovering price spreads, increased Bal...

25 Apr 2024

Benchmarking Pro ERCOT

ERCOT: Battery Energy Storage Weekly Briefing (April 8th - April 14th)

With the 60-day lag in ERCOT’s market disclosure data, staying up to date with battery energy storage revenues can feel impossible. However, there are still ways to assess recent opportunities for batteries.In our new Weekly Briefings, you can track:La...

19 Apr 2024

Benchmarking Pro ERCOT

ERCOT: Learning from battery energy storage revenues during Winter Storm Heather

When record-low temperatures descended on Texas in January, battery energy storage systems played a key role in ensuring the ERCOT grid was able to navigate the storm. Brandt talks through the make-up of BESS revenues during Winter Storm HeatherThe ext...

04 Apr 2024

Benchmarking Pro GB

Battery energy storage: revenues increased 45% in March 2024

The GB BESS index increased 45% in March to £31.6k/MW/year, its highest level since November 2023. A slight decrease in Balancing Mechanism revenue was more than offset by frequency response revenues increasing 170% to £8k/MW/year, as well as Balancin...

04 Apr 2024

ERCOT: Battery energy storage revenues in six charts (Apr 29th - May 5th)

ERCOT: Battery energy storage revenue breakdown - Jan/Feb 2024

ERCOT: Battery energy storage revenues - in five charts (April 15th-28th)

GB BESS Index: battery energy storage revenues rise 33% in April 2024

Grid connections reform: ESO proposes extending process to existing queue

Triads 2023/24: How much did batteries earn?

GB BESS: the five headlines from Q1 2024

ERCOT: Battery Energy Storage Weekly Briefing (April 8th - April 14th)

ERCOT: Learning from battery energy storage revenues during Winter Storm Heather

Battery energy storage: revenues increased 45% in March 2024

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