Research1 day agoIn November 2025, battery energy storage revenues in the National Electricity Market (NEM) fell 21% to $68k/MW/year. Peak demand stabilised as we move into the warmer months, and stronger renewable output has kept energy market revenues low. Volatility...
Benchmark Report1 day agoMerchant revenues for CAISO’s batteries averaged $1.95/kW-month in November 2025. That’s the lowest value of the Modo Energy BESS CAISO index on record. The next-lowest index reading is $2.26/kW-month, seen last December.Average revenues fell $1.37/kW ...