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 $6.07M 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 $3,003/MW and $1,463/MWh for the period.
Total revenue was down 20% on July 2026, which returned $7.56M. Per MW per day — which strips out both fleet growth and the length of the window — earnings were down 32% at $97/MW/day. Optimal capture improved 7 points, from 48% to 55%.
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 55% of what hindsight would have earned, an estimated $4.83M of unrealised upside.
On capture of the perfect-foresight energy benchmark, the strongest performers were Terang BESS (72%), Melbourne Renewable Energy Hub Connection A3 (68%), Latrobe Valley BESS (60%). At the other end: Bulgana Green Power Hub (34%), Mornington BESS (33%), Pine Lodge BESS (-12%) — 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 $476k, and the best single battery-day was Melbourne Renewable Energy Hub Connection A3 on 27 Aug 2026 with $107k. 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 $1.44M. 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 | $1.44M | $7,202/MW | $1,801/MWh | 68% |
| Melbourne Renewable Energy Hub Connection A1 | $807k | $4,034/MW | $2,017/MWh | 59% |
| Melbourne Renewable Energy Hub Connection A2 | $805k | $4,026/MW | $2,013/MWh | 59% |
| Rangebank BESS | $665k | $3,324/MW | $1,662/MWh | 53% |
| Koorangie Energy Storage System | $608k | $3,289/MW | $1,644/MWh | 52% |
| Victorian Big Battery | $503k | $1,677/MW | $1,118/MWh | 37% |
| Latrobe Valley BESS | $419k | $4,191/MW | $2,095/MWh | 60% |
| Hazelwood Battery Energy Storage System | $306k | $2,040/MW | $2,040/MWh | 55% |
| Mortlake Battery Energy Storage System | $238k | $792/MW | $366/MWh | 37% |
| Terang BESS | $176k | $1,755/MW | $878/MWh | 72% |
| Bulgana Green Power Hub | $55k | $2,770/MW | $1,629/MWh | 34% |
| Gannawarra Energy Storage System | $42k | $1,405/MW | $846/MWh | 36% |
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: NEM-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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