Western Australia’s ERA proposes AU$491,700/MW benchmark price driven by 1,200MWh battery storage specifications
Western Australia’s ERA has proposed a Benchmark Reserve Capacity Price of AU$491,700/MW per year for the 2028-29 capacity year.

Western Australia’s ERA has proposed a Benchmark Reserve Capacity Price of AU$491,700/MW per year for the 2028-29 capacity year.
ASL (formerly AEMO Services) has completed New South Wales’ (NSW) largest-ever tender for long-duration energy storage (LDES), contracting six new battery projects for a combined 1.17GW/11.98GWh.
Iberdrola Australia has officially opened its 65MW/130MWh Smithfield BESS in western Sydney, New South Wales, ahead of schedule.
NSW concludes Australia’s largest LDES tender, awarding six battery projects 12GWh. Industry calls it “game-changer” for grid reliability.
The NSW government has declared two pumped hydro projects totalling 22,000MWh of storage capacity as critical infrastructure.
Valent Energy has received development approval from the New South Wales government and satisfied AEMO grid compliance requirements under clause 5.3.4a for its 150MW/437MWh Armidale Battery Energy Storage System (BESS).
Octopus Australia has announced plans to develop what it claims is Australia’s “largest planned battery energy storage system (BESS)” in New South Wales.
Battery energy storage projects have emerged as the dominant force in Australia’s energy investment landscape, accounting for 46% of the nation’s 64GW development pipeline, according to the Australian Energy Market Operator’s (AEMO) latest quarterly report.
The Australian Energy Market Operator (AEMO) has announced that renewable energy sources supplied more than half of the quarterly energy demand in the National Electricity Market (NEM) for the first time.
Palmer Renewable Energy has submitted a referral under the EPBC Act for a 200MW solar-plus-storage project near Collie, Western Australia.