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APAC BESS daily brief · 12 Oct 2026

the Philippines · Policy Brief

ERC fast-tracks provisional approval of 44.72 MW Visayas battery reserve deal

The ERC provisionally approved a battery reserve contract between NGCP and AboitizPower unit EAUC: five years at a provisional PHP 5.28/kWh, below Visayas reserve spot prices of around PHP 21/kWh. View: regulator-approved capacity revenue is more bankable, but the tenor is short and final approval is pending.

Project

44.72 MW at Mactan, Lapu-Lapu City, Cebu, providing up to 13 MW regulating and 13 MW contingency reserve.
The Visayas logged 123 yellow and red alerts from January to early September; DOE is pushing 253 MW of batteries by end-2026.

Financing

Financing not publicly disclosed.

Policy

Provisionally approved on 9 October and announced on 12 October; hearings on 3 and 10 November before a final decision.
ERC chair: the Visayas needs additional capacity now.

Sources: Daily Tribune · ESS News

Australia · Market Brief

NSW spot price spikes to A$23,107/MWh on heatwave and coal outages

On the afternoon of 12 October, NSW spot prices peaked at A$23,107/MWh, near the market cap: a heatwave lifted demand by almost 2,000 MW within an hour while about 2,400 MW of coal capacity was unavailable. View: scarcity spikes still pay, but they are unpredictable and lenders rarely count them in debt-service cash flows.

Project

Prices exceeded A$5,000/MWh in 11 five-minute intervals; four coal units were offline and two derated; technical curtailment peaked at 2,800 MW.
Amber Electric: about 30,000 household batteries earned A$2m in roughly two hours.

Financing

Grid-scale battery capacity more than doubled in a year to over 9 GW (AEMO).

Policy

AEMO cannot see or dispatch behind-the-meter batteries; a market designer said they amplified the swings.

Sources: ABC News

Later · 14 Oct 2026 →

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