BESS captured 70% of the Day-Ahead TBX benchmark in 2025, versus 58% of Real-Time

Capture rate (%), by market, on each battery's matched TBX tenor
Source: ERCOT, Modo Energy
Note: Capture rate is net revenue divided by TBX opportunity on each battery's matched tenor; "All" uses each battery's own match, selecting a duration restricts to that bucket. Data through February 2026, beginning January 2025.
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MODOENERGY