spot prices

Tesla-Neoen's Hornsdale Power Reserve BESS was delivered in just 100 days from contracting to execution, in 2017. Since then projects on a similar or larger scale have become increasingly common. Image: Neoen / Tesla.

Australia’s shortened electricity market settlement period to open up opportunities for batteries

July 9, 2020
The Australian Energy Market Commission (AEMC) announced today that five minute settlement windows for spot prices in the National Electricity Market (NEM) will be implemented from 21 October 2021.
A Tesla Powerpack BESS at the University of Queensland delivered revenues from for separate grid services and wholesale streams, indicating a positive business case for batteries in the NEM. Image: University of Queensland.

Australian university’s behind-the-meter Tesla system ‘on track to meet or exceed’ expected payback

May 22, 2020
The business case for behind-the-meter (BTM) battery storage in Australia appears to be positive, according to a University of Queensland report on the performance of a 1.1MW / 2.15MWh Tesla battery energy storage system (BESS).

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