Research2 days agoBattery optimisation in the NEM faced challenging conditions in Q4 2025 as the National Electricity Market (NEM) delivered sustained low volatility. Compressed energy spreads and subdued FCAS prices reduced revenue opportunities, lowering capture rates...
Benchmark Report3 days agoIn December 2025, PJM batteries had the potential to earn up to $28/kW-month. Higher fuel costs, still-elevated Regulation prices, and record capacity clearing prices drove opportunity.
Benchmark Report12 Jan 2026Fog and floods limit battery revenues as solar output drops and gas leaves the supply stack in favor of imports.
Benchmark Report09 Jan 2026In December 2025, grid-scale battery revenues in the National Electricity Market (NEM) fell 9% month-on-month to $62k/MW/year - the lowest level since March 2024. Mild peak demand and the addition of 660 MW of new grid-scale battery capacity kept energ...
