How New South Wales's grid-scale batteries performed in November 2026: energy and FCAS market revenue, $/MW, $/MWh, top performers, and price events.
New South Wales (NSW1) batteries earned $424k in estimated gross energy and FCAS market revenue so far in November 2026, from 15 grid-scale units tracked by NEMPulse. Figures cover November 2026 to date (through 1 Nov 2026).
Normalised across 3,099 MW and 8,664 MWh of registered capacity, the region earned $137/MW and $49/MWh for the period.
Total revenue was up 204% on the same days of October 2026, which returned $139k. Per MW per day — which strips out both fleet growth and the length of the window — earnings were up 100% at $137/MW/day. Optimal capture improved 35 points, from 19% to 55%.
Energy arbitrage supplied 99% of the total and FCAS 1%, with estimated Frequency Performance Payments contributing the remaining 0% ($134). Within FCAS, regulation accounted for 88% and contingency 12%; the single largest market was raise regulation at $2k.
For context on the trading conditions, the average daily price spread (top two hours minus bottom two hours) in New South Wales was $47/MWh, down 56% on the previous period, and the highest spot price reached $118/MWh.
Against the perfect-foresight energy benchmark, New South Wales batteries captured 55% of what hindsight would have earned, an estimated $337k of unrealised upside.
On capture of the perfect-foresight energy benchmark, the strongest performers were Limondale Battery (76%), Orana BESS (69%), Liddell Battery Energy Storage System (67%). At the other end: New England BESS (26%), New England BESS (24%), Capital Battery (15%) — capture reflects strategy, contracting and constraints as much as skill, so a low figure is not automatically underperformance.
The strongest single day was 1 Nov 2026 at $424k, and the best single battery-day was Eraring Battery Energy Storage System on 1 Nov 2026 with $115k.
Eraring Battery Energy Storage System led the region with $115k. Full dispatch, state-of-charge and bidding detail is available on each battery's page.
| Battery | Energy + FCAS | $/MW | $/MWh | Capture |
|---|---|---|---|---|
| Eraring Battery Energy Storage System | $115k | $249/MW | $57/MWh | 67% |
| Orana BESS | $110k | $265/MW | $66/MWh | 69% |
| Liddell Battery Energy Storage System | $85k | $170/MW | $78/MWh | 67% |
| Waratah Super Battery | $40k | $48/MW | $24/MWh | 29% |
| Limondale Battery | $27k | $548/MW | $51/MWh | 76% |
| Williamsdale BESS | $21k | $84/MW | $40/MWh | 48% |
| Smithfield Battery Energy Storage System, Units 1 - 36 | $9k | $133/MW | $67/MWh | 52% |
| New England BESS | $5k | $50/MW | $20/MWh | 26% |
| New England BESS | $5k | $46/MW | $18/MWh | 24% |
| Capital Battery | $4k | $40/MW | $20/MWh | 15% |
| Riverena Energy Storage System 2 | $4k | $60/MW | $30/MWh | — |
| Wallgrove BESS 1 | $3k | $66/MW | $42/MWh | — |
Capture = actual energy revenue as a share of the perfect-foresight LP benchmark; shown only for units with material modelled upside.
Keep reading: Previous period: October 2026NEM-wide wrap — November 2026New South Wales battery fleetActual vs optimal dispatchMarket eventsHow capture is calculated
Explore: All insightsBattery fleetActual vs optimalPerformance rankingsMarket economicsMarket eventsBid stackBidding strategyVirtual power plantsHome battery potential (modelled)Project simulatorAskPulseEmail alerts
Automatically generated from AEMO public data using fixed templates (not AI-written). Figures are estimated gross market revenue (energy + FCAS) from dispatch — they exclude contracts, hedges and network-support schemes (e.g. SIPS), so actual commercial revenue will differ.
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