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Research

​Mild conditions push November NEM battery revenues down to $68k/MW/year
Research

04 Dec 2025

In 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...
Flexible connection agreements: boost or barrier for Germany’s battery boom?
BESS Revenues

13 Nov 2025

Germany’s BESS grid queue is long and delays are driving widespread interest in Flexible Connection Agreements: reduced revenue potential and higher exposure to constraint risk.
NEM battery revenues in October 2025 stay flat at $86k/MW/year
Benchmark Report

05 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...
NEM battery revenues fall to $85k/MW/year in September 2025 as volatility eases
BESS Revenues

02 Oct 2025

In September 2025, battery energy storage revenues in the National Electricity Market (NEM) fell 61% as South Australia’s contingency markets cooled. Warmer weather reduced peak demand across the NEM, pushing energy revenues lower. Queensland revenues ...

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