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Australia’s Battery Revenue Halved. Then Came the Spike

Australia’s Battery Revenue Halved. Then Came the Spike

Oct 16, 2026 | Battery Technology, Renewable Energy, Smartgrids

On 12 October, grid-scale batteries in New South Wales earned an estimated AU$5.63 million in about two hours as the wholesale electricity price spiked to AU$23,107 per megawatt-hour — a touch under the market ceiling. That is more than three-fifths of what every...