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Research

The rise of grid-forming batteries in the NEM

17 hours ago

The retirement of coal generation in the NEM is causing the grid to lose a key source of system stability services. Grid-forming technologies will be essential to replace this capability and ensure the grid has the resilience to manage shocks during th...

NEM Battery Revenues: South Australian BESS earn $43k/MW from FCAS in August 2025

5 days ago

In August 2025, battery energy storage revenues in Australia’s National Electricity Market (NEM) rose by 37% despite mild energy price volatility. This rise was due to to intense and frequent price spikes in Lower 1-second (L1) Contingency FCAS for So...

How co-location affects hybrid battery revenues in the NEM

27 Aug 2025

The amount of hybrid battery projects pairing storage with wind and solar is set to massively expand in the NEM. There are 5 GW of co-located projects in the NEM aiming to enter operation before the end of 2028, compared to only 0.6 GW today. Of those...

Frequency Performance Payments deliver limited value to batteries in the NEM

Ancillary Services

21 Aug 2025

Frequency Performance Payments (FPP) replaced the old Causer Pays methodology for frequency deviation penalties on 8 June 2025, adding new incentives for assets to stabilise the system’s frequency. The previous system penalised assets for deviating from their dispatch target but offered no rewards. The new two-sided FPP scheme rewards helpful frequency correction too, creating an additional revenue stream for assets. But how much value does this service generate today, and how does it compare to the old system?

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