Grid battery saturation in Australia's NEM drives midday spot prices up to $25-30/MWh

PravdaReport ·
Russia

Grid-scale battery storage in Australia's National Electricity Market (NEM) has shifted from a passive consumer of cheap midday electricity to an active driver of price increases during solar-heavy hours. Over the past 30 days, the NEM average spot price rose to $68/MWh, up from $59 a year earlier. This reversal breaks from the typical seasonal pattern where spring evening peaks-normally the…

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