How Victoria's grid-scale batteries performed in June 2026: energy and FCAS market revenue, $/MW, $/MWh, top performers, and price events.
Victoria (VIC1) batteries earned $3.58M in estimated gross energy and FCAS market revenue in June 2026, from 13 grid-scale units tracked by NEMPulse. Figures cover the full period.
Normalised across 1,720 MW and 3,496 MWh of registered capacity, the region earned $2,084/MW and $1,025/MWh for the period.
Total revenue was up 19% on May 2026, which returned $3.00M. Per MW per day — which strips out both fleet growth and the length of the window — earnings were up 23% at $69/MW/day.
Energy arbitrage supplied 95% of the total and FCAS 4%, with estimated Frequency Performance Payments adding $33k. Within FCAS, regulation accounted for 92% and contingency 8%; the single largest market was raise regulation at $114k.
For context on the trading conditions, the average daily price spread (top two hours minus bottom two hours) in Victoria was $99/MWh, up 7% on the previous period, and the highest spot price reached $450/MWh.
Against the perfect-foresight energy benchmark, Victoria batteries captured 41% of what hindsight would have earned, an estimated $4.73M of unrealised upside.
On capture of the perfect-foresight energy benchmark, the strongest performers were Melbourne Renewable Energy Hub Connection A3 (54%), Latrobe Valley BESS (52%), Melbourne Renewable Energy Hub Connection A1 (50%). At the other end: Phillip Island BESS (13%), Terang BESS (8%), Mornington BESS (-107%) — capture reflects strategy, contracting and constraints as much as skill, so a low figure is not automatically underperformance.
The strongest single day was 26 Jun 2026 at $339k, and the best single battery-day was Melbourne Renewable Energy Hub Connection A3 on 22 Jun 2026 with $136k. Revenue stays concentrated: five of the period's 30 days delivered 40% of everything Victoria batteries earned.
Melbourne Renewable Energy Hub Connection A3 led the region with $924k. Full dispatch, state-of-charge and bidding detail is available on each battery's page.
Victoria saw one price event this period, negative pricing peaking at $-615/MWh.
| Battery | Energy + FCAS | $/MW | $/MWh | Capture |
|---|---|---|---|---|
| Melbourne Renewable Energy Hub Connection A3 | $924k | $4,619/MW | $1,155/MWh | 54% |
| Melbourne Renewable Energy Hub Connection A1 | $527k | $2,635/MW | $1,317/MWh | 50% |
| Melbourne Renewable Energy Hub Connection A2 | $519k | $2,595/MW | $1,298/MWh | 49% |
| Rangebank BESS | $378k | $1,891/MW | $945/MWh | 38% |
| Victorian Big Battery | $356k | $1,187/MW | $791/MWh | 27% |
| Koorangie Energy Storage System | $351k | $1,895/MW | $948/MWh | 35% |
| Latrobe Valley BESS | $327k | $3,273/MW | $1,636/MWh | 52% |
| Hazelwood Battery Energy Storage System | $110k | $734/MW | $734/MWh | 15% |
| Gannawarra Energy Storage System | $36k | $1,216/MW | $732/MWh | 32% |
| Bulgana Green Power Hub | $36k | $1,799/MW | $1,058/MWh | 16% |
| Ballarat Battery Energy Storage System | $33k | $1,105/MW | $1,105/MWh | 35% |
| Phillip Island BESS | $8k | $1,696/MW | $711/MWh | 13% |
Capture = actual energy revenue as a share of the perfect-foresight LP benchmark; shown only for units with material modelled upside.
Third-party reporting on these units, matched automatically and linked for context. NEMPulse does not endorse or verify external coverage.
Keep reading: Previous period: May 2026NEM-wide wrap — June 2026Victoria battery fleetActual vs optimal dispatchMarket eventsHow capture is calculated
Explore: All insightsBattery fleetActual vs optimalPerformance rankingsMarket economicsMarket eventsBid stackBidding strategyVirtual power plantsProject 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.
Loading live data…