1 hour ago

NEM battery revenues rose 12% to $49k/MW/year in September 2026 as spring widened price spreads

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NEM battery revenues rose 12% to $49k/MW/year in September 2026 as spring widened price spreads

Grid-scale battery revenues in the National Electricity Market (NEM) rose 12% month-on-month to $49k/MW/year in September 2026. This was the highest monthly level since April, but remains below the 12-month average and 41% lower than September last year.

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ERCOT September 2026 BESS benchmark: Real-Time spreads hold at $80/MWh as load climbs 13% YoY; July revenues settle at $1.42/kW-month

Revenue Benchmark

11 min

ERCOT September 2026 BESS benchmark: Real-Time spreads hold at $80/MWh as load climbs 13% YoY; July revenues settle at $1.42/kW-month

Real-Time TB1 spreads held at $82/MWh in September as ERCOT load rose 13%. July battery revenues settled at $1.42/kW-month, up 28% from June.

1 hour ago

October 2026 Spain Forecast update: gas lifts 2028 battery revenues; a faster build-out gives them back

Product Announcement

7 min

October 2026 Spain Forecast update: gas lifts 2028 battery revenues; a faster build-out gives them back

Spain's October 2026 Forecast lifts 4-hour BESS revenue to €174k/MW in 2028, 12% above July. Solar capture prices fall further.

7 hours ago

October 2026 GB BESS forecast update: near-term revenue up, long-term down

Market Outlook

10 min

October 2026 GB BESS forecast update: near-term revenue up, long-term down

Modo Energy's October 2026 GB forecast is out. Higher gas forwards lift near-term battery revenue, slower demand growth lowers it from 2035, and NPV moves by less than 2%.

10 hours ago

Schedule freeze revisited - modelling the revenue impact of different freeze durations in Germany

Research

10 min

Schedule freeze revisited - modelling the revenue impact of different freeze durations in Germany

Schedule freezes are popping up more and more in Germany, whether in flexible connection agreements or as general policy proposals. But not participating in the last hours of the intraday continuous can have large impacts on revenues. Modo Energy now models schedule freezes with large granularity, with impacts on revenues up to 20% in some configurations.

11 hours ago

Modo Energy (Benchmarking) Ltd. is registered in England and Wales and is authorised and regulated by the Financial Conduct Authority (Firm number 1042606) under Article 34 of the Regulation (EU) 2016/1011/EU) – Benchmarks Regulation (UK BMR).

NEM battery revenues rose 12% to $49k/MW/year in September 2026 as spring widened price spreads

NEM battery revenues rose 12% to $49k/MW/year in September 2026 as spring widened price spreads

ERCOT September 2026 BESS benchmark: Real-Time spreads hold at $80/MWh as load climbs 13% YoY; July revenues settle at $1.42/kW-month

October 2026 Spain Forecast update: gas lifts 2028 battery revenues; a faster build-out gives them back

October 2026 GB BESS forecast update: near-term revenue up, long-term down

Schedule freeze revisited - modelling the revenue impact of different freeze durations in Germany

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