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Research

November 2025: Volatility, fuel prices, and Regulation lift PJM battery revenues
Benchmark Report

3 hours ago

Modo Energy’s first PJM battery benchmark report shows stronger revenue opportunities in November 2025 than last year. Read to learn how much operating batteries earned, where spreads widened, how batteries under development stack up, and what drove price volatility.
ME BESS ERCOT: Revenues to settle at $2.38/kW in November 2025
Benchmark Report

04 Dec 2025

Revenues for battery energy storage in ERCOT are expected to settle at $2.38/kW in November 2025, a 13% year-over-year decrease.
ME BESS GB: Revenues fall to £59k/MW/year in November 2025
Benchmark Report

04 Dec 2025

Battery energy storage revenues in Great Britain fell to £57k/MW/year in November, down from £77k/MW/year in October.
​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...

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