In 2023, battery energy storage systems in ERCOT earned an average of $196k/MW across the year. This was 33% higher than in 2022.
Market & Policy Updates
South Australia has launched the first round of its Firming Energy Reliability Mechanism (FERM) tender, a program designed to secure long-duration dispatchable capacity as the state transitions to higher penetrations of variable renewable energy. The tender is administered by the Australian Energy Market Operator Services Limited (ASL) and targets 400 MW of firming capacity to be online by November 2028.2 hours ago
