Since the Enduring Auction Capability (EAC) launched on November 2nd, the average clearing price of frequency response has fallen for every service except Dynamic Regulation Low. The average price across all services is 35% lower than in the two weeks preceding the EAC. This has hit battery energy storage revenues, with most systems seeing lower value than in October.

Enduring Auction Capability: why are frequency response prices falling?

Sign up for free to read the full article

Ko - the AI analyst for energy professionals

Get answers to your most pressing business-critical questions, across battery revenues, trading strategies, policy outlooks and more.

Regulated benchmarks

The only FCA and IOSCO-authorised performance benchmarks for battery and solar assets - used by leading asset managers globally.

Bankable forecasts

Investment-grade revenue models with transparent methodology - high, central, and low curves to de-risk every business case.

Sign up for free

Trusted by 25,000+ energy professionals • Already a subscriber? Log in

PJM in April 2026: The regulation redesign has tripled battery revenues over the past six months

PJM batteries earned 3x more in Q1 2026 than a year prior, after October's regulation market redesign.

10 hours ago

1 min

Modo Energy bankability: trusted by lenders financing battery energy storage

We're frequently asked about our track record with lenders, and the scope of BESS transactions we've supported. This page brings that information together in one place.

12 hours ago

ISO-NE April benchmark: Real-time spreads increased 26% YoY to $178/MW-day

Revenue Benchmark

6 min

ISO-NE April benchmark: Real-time spreads increased 26% YoY to $178/MW-day

ISO-NE four-hour real-time spreads at the Internal Hub climbed 25.6% YoY to $178/MW-day in April. Additionally, an April 22 evening ramp pushed RT prices to $138/MWh.

1 day ago

CAISO April 2026: Batteries earn $2.77/kW as wind squashes spreads

Revenue Benchmark

9 min

CAISO April 2026: Batteries earn $2.77/kW as wind squashes spreads

Grid-scale batteries in CAISO earned $2.77/kW-month in April 2026. Wind rose 32%, hitting new records and squashing peak evening prices

1 day 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).