Battery energy storage revenues in ERCOT are up 56% from this time last year. Between January 1st and May 10th 2024, battery revenues averaged over $26,000/MW.
On Thursday May 30th, Modo Energy will launch its ERCOT Battery Benchmark “nowcast” - as part of our Benchmarking Pro ERCOT products. Subscribers will be able to stay up to date with the latest estimated battery energy storage revenues.
This 56% year-on-year increase in revenues is a clear indicator of the increasing volatility and opportunity in Texas's energy market.
- The top six battery energy storage revenue days of 2024 are higher than any day of revenue during the same period last year.
- The bottom 41 revenue days of 2024 are lower than any day of revenue during the same period last year.
Basically, BESS revenues are trending lower on most days - but with more frequent spikes than at this time last year.