How Victoria's grid-scale batteries performed in August 2026: energy and FCAS market revenue, $/MW, $/MWh, top performers, and price events.
Victoria (VIC1) batteries earned $210k in estimated gross energy and FCAS market revenue so far in August 2026, from 12 grid-scale units tracked by NEMPulse. Figures cover August 2026 to date (through 1 Aug 2026).
Normalised across 1,620 MW and 3,296 MWh of registered capacity, the region earned $130/MW and $64/MWh for the period.
Total revenue was up 139% on the same days of July 2026, which returned $88k. Per MW per day — which strips out both fleet growth and the length of the window — earnings were up 154% at $130/MW/day. Optimal capture improved 27 points, from 36% to 63%.
Energy arbitrage supplied 98% of the total and FCAS 2%, with estimated Frequency Performance Payments adding $85. Within FCAS, regulation accounted for 91% and contingency 9%; 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 Victoria was $103/MWh, up 41% on the previous period, and the highest spot price reached $122/MWh.
Against the perfect-foresight energy benchmark, Victoria batteries captured 63% of what hindsight would have earned, an estimated $121k of unrealised upside.
On capture of the perfect-foresight energy benchmark, the strongest performers were Melbourne Renewable Energy Hub Connection A1 (73%), Melbourne Renewable Energy Hub Connection A2 (72%), Latrobe Valley BESS (68%). At the other end: Rangebank BESS (59%), Hazelwood Battery Energy Storage System (54%), Victorian Big Battery (46%) — capture reflects strategy, contracting and constraints as much as skill, so a low figure is not automatically underperformance.
The strongest single day was 1 Aug 2026 at $210k, and the best single battery-day was Melbourne Renewable Energy Hub Connection A3 on 1 Aug 2026 with $43k.
Melbourne Renewable Energy Hub Connection A3 led the region with $43k. Full dispatch, state-of-charge and bidding detail is available on each battery's page.
| Battery | Energy + FCAS | $/MW | $/MWh | Capture |
|---|---|---|---|---|
| Melbourne Renewable Energy Hub Connection A3 | $43k | $217/MW | $54/MWh | 64% |
| Melbourne Renewable Energy Hub Connection A2 | $34k | $172/MW | $86/MWh | 72% |
| Melbourne Renewable Energy Hub Connection A1 | $34k | $169/MW | $84/MWh | 73% |
| Koorangie Energy Storage System | $26k | $143/MW | $71/MWh | 66% |
| Rangebank BESS | $26k | $129/MW | $64/MWh | 59% |
| Victorian Big Battery | $19k | $65/MW | $43/MWh | 46% |
| Latrobe Valley BESS | $14k | $141/MW | $70/MWh | 68% |
| Hazelwood Battery Energy Storage System | $8k | $56/MW | $56/MWh | 54% |
| Gannawarra Energy Storage System | $2k | $66/MW | $40/MWh | — |
| Bulgana Green Power Hub | $1k | $73/MW | $43/MWh | — |
| Ballarat Battery Energy Storage System | $875 | $29/MW | $29/MWh | — |
| Phillip Island BESS | $31 | $6/MW | $3/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: July 2026NEM-wide wrap — August 2026Victoria battery fleetActual vs optimal dispatchMarket eventsHow capture is calculated
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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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