Benchmark Report05 Nov 2025​In October 2025, battery energy storage revenues in the National Electricity Market (NEM) rose 2% to $86k/MW/year. Spring weather continued to reduce peak demand and increase renewable generation, keeping energy revenues low. Volatility in the Lower C...
Forecast Outlook28 Oct 2025The investment case for grid-scale batteries in the Australian NEM has shifted towards long-duration batteries and energy trading revenues in the face of FCAS market saturation. Meanwhile, multiple gigawatts of batteries are already in construction or ...
Battery Operations09 Oct 2025​Rebidding activity in the NEM has exploded in the past few years, thanks to battery autobidders constantly submitting revised bids hundreds of times per day. Revising bids as market conditions and forecasts change is essential for optimisation. The ri...
Ancillary Services21 Sep 2025​Battery energy storage in the NEM earns a majority of revenues from energy trading. This is markedly different from when the first grid-scale batteries came online. At that time, there were higher FCAS prices, including some periods of exceptional ret...
