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Research

August 2025: CAISO's BESS merchant revenues land at $2.5/kW-month
Benchmark Report

05 Sep 2025

CAISO's grid-scale battery revenues in August 2025 came in at $2.5/kW-month, 7% higher than July. Year-on-year, that represents a 40% decrease.
August 2025: ERCOT BESS revenues expected to reach $3.97/kW-month
Benchmark Report

04 Sep 2025

In August 2025, ERCOT batteries (BESS) are projected to have earned $3.97/kW. This marks a 9% increase from July, but it's still 47% lower than last year.
CAISO: Calm weather caps July 2025 revenues
Benchmark Report

15 Aug 2025

Merchant battery energy storage revenues in CAISO landed at an average of $2.33/kW-month for July 2025. This represents a decrease of 64.8% from July 2024.
NEM Battery Revenues: FCAS delivers for South Australia BESS in July 2025
Benchmark Report

07 Aug 2025

In July 2025, battery energy storage revenues in Australia’s National Electricity Market (NEM) fell by over 60% as energy price volatility eased. While this marked a return to typical market conditions after an exceptional June, performance across the ...

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