Total BESS revenue potential climbed to $72/kW-month in April, lifted by wider TB4 spreads and higher regulation prices

Estimated monthly revenue potential for a 1 MW, 4-hour BESS in PJM ($/kW-month)
Source: Modo Energy, PJM BRA, FERC EQR
Notes: Arbitrage revenues proxied using April 2026 PJM-RTO monthly average Real-Time TB4 value. Regulation revenue based on the most recent available FERC EQR data (March 2026). Capacity value based on the PJM RTO clearing price in the 2025/26 BRA.
MODOENERGY