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Research

ERCOT: Benchmarking optimizer performance with capture rates
Market Analysis

14 hours ago

Capture rates are an increasingly important metric as energy arbitrage contributes a larger part of the battery revenue stack. But, what influences them?
July 2025: ERCOT BESS revenues expected to rise YoY, but land below $4/kW-month
Benchmark Report

06 Aug 2025

July 2025 battery revenues in ERCOT are expected to rebound from 2024 lows. What drove growth? Plus, a look back at settled May 2025 revenue.
Top-Bottom spreads: How are they used to measure arbitrage opportunity?
Explainers

24 Jul 2025

Batteries can use Top-Bottom, or TB spreads, as a measure of arbitrage revenue opportunity. But how do they actually work?
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