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 $5.66M in estimated gross energy and FCAS market revenue in August 2026, from 14 grid-scale units tracked by NEMPulse. Figures cover the full period.
Normalised across 2,020 MW and 4,146 MWh of registered capacity, the region earned $2,803/MW and $1,366/MWh for the period.
Total revenue was down 22% on July 2026, which returned $7.26M. Per MW per day — which strips out both fleet growth and the length of the window — earnings were down 34% at $90/MW/day. Optimal capture improved 5 points, from 45% to 50%.
Energy arbitrage supplied 96% of the total and FCAS 3%, with estimated Frequency Performance Payments contributing the remaining 1% ($50k). Within FCAS, regulation accounted for 89% and contingency 11%; the single largest market was raise regulation at $123k.
For context on the trading conditions, the average daily price spread (top two hours minus bottom two hours) in Victoria was $111/MWh, down 39% on the previous period, and the highest spot price reached $406/MWh.
Against the perfect-foresight energy benchmark, Victoria batteries captured 50% of what hindsight would have earned, an estimated $5.50M of unrealised upside.
On capture of the perfect-foresight energy benchmark, the strongest performers were Melbourne Renewable Energy Hub Connection A3 (64%), Terang BESS (61%), Latrobe Valley BESS (56%). At the other end: Bulgana Green Power Hub (5%), Phillip Island BESS (0%), Pine Lodge BESS (-10%) — capture reflects strategy, contracting and constraints as much as skill, so a low figure is not automatically underperformance.
The strongest single day was 27 Aug 2026 at $446k, and the best single battery-day was Melbourne Renewable Energy Hub Connection A3 on 27 Aug 2026 with $109k. Revenue stays concentrated: five of the period's 31 days delivered 30% of everything Victoria batteries earned.
Melbourne Renewable Energy Hub Connection A3 led the region with $1.42M. 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 | $1.42M | $7,085/MW | $1,771/MWh | 64% |
| Melbourne Renewable Energy Hub Connection A2 | $718k | $3,589/MW | $1,795/MWh | 51% |
| Melbourne Renewable Energy Hub Connection A1 | $717k | $3,586/MW | $1,793/MWh | 51% |
| Rangebank BESS | $672k | $3,358/MW | $1,679/MWh | 53% |
| Koorangie Energy Storage System | $619k | $3,345/MW | $1,673/MWh | 51% |
| Victorian Big Battery | $437k | $1,457/MW | $971/MWh | 32% |
| Latrobe Valley BESS | $407k | $4,073/MW | $2,036/MWh | 56% |
| Mortlake Battery Energy Storage System | $266k | $888/MW | $410/MWh | 41% |
| Terang BESS | $161k | $1,606/MW | $803/MWh | 61% |
| Hazelwood Battery Energy Storage System | $153k | $1,022/MW | $1,022/MWh | 25% |
| Gannawarra Energy Storage System | $49k | $1,634/MW | $984/MWh | 41% |
| Ballarat Battery Energy Storage System | $31k | $1,024/MW | $1,024/MWh | 38% |
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: July 2026NEM-wide wrap — August 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…