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Research

Battery availability in the NEM: What it reveals about trading strategy
Research

3 days ago

Battery availability in the NEM is often seen as a technical measure, but in practice it more often reflects how operators trade. Batteries adjust their availability constantly, responding to price signals, charge levels, and network constraints.
NEM battery revenues in October 2025 stay flat at $86k/MW/year
Benchmark Report

4 days ago

​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 BESS Outlook Q3 2025: The investment case for grid-scale batteries
Forecast Outlook

28 Oct 2025

The investment case for grid-scale batteries in the Australian NEM has shifted towards long-duration batteries and energy trading revenues in the face of FCAS market saturation. Meanwhile, multiple gigawatts of batteries are already in construction or ...
The Investment Case for BESS in the NEM: Five key takeaways
Market updates

23 Oct 2025

Battery energy storage buildout in the NEM is accelerating, but shifting volatility is changing the investment case for new projects. The right combination of merchant earnings alongside contracted revenue is crucial for maximising the returns and bankability of new BESS.

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