NEM
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NEM
Daily analysis
Friday 22 May 2026
Trading day 2026-05-22
Prices
Trading day · 04:00 → 04:00 AEST · 30-min average
NSW VIC QLD SA TAS
| Region | Avg | VWAP | Min | Max | Neg | Cap |
|---|---|---|---|---|---|---|
| NSW | $75 | $78 | -$2 | $200 | 0 | 0 |
| QLD | $61 | $67 | -$3 | $134 | 13 | 0 |
| SA | $93 | $94 | $17 | $327 | 0 | 0 |
| VIC | $72 | $77 | -$2 | $181 | 0 | 0 |
| TAS | $102 | $103 | $80 | $165 | 0 | 0 |
Min · Max are 5-minute dispatch extremes; the price chart plots 30-minute averages, so its peak reads lower.
Demand
NSW
Peak
9,584MW
18:25
Trough
6,455MW
04:00
Energy
379.9GWh
QLD
Peak
7,241MW
17:45
Trough
3,995MW
12:05
Energy
271.9GWh
SA
Peak
1,850MW
18:20
Trough
1,047MW
12:25
Energy
70.0GWh
VIC
Peak
7,520MW
08:15
Trough
4,311MW
13:20
Energy
273.7GWh
TAS
Peak
1,455MW
07:45
Trough
918MW
03:50
Energy
54.9GWh
FCAS
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $13,267 | 0 | $21 | 22 May, 15:40 |
| LOWERREG | $1,601 | 0 | $9 | 22 May, 21:25 |
| RAISE6SEC | $1,393 | 0 | $10 | 22 May, 07:35 |
| RAISE60SEC | $1,378 | 0 | $2 | 22 May, 07:35 |
| RAISE5MIN | $204 | 0 | $0 | 22 May, 07:10 |
| LOWER60SEC | $31 | 0 | $0 | 22 May, 15:20 |
| LOWER5MIN | $15 | 0 | $0 | 22 May, 15:20 |
| LOWER6SEC | $12 | 0 | $0 | 23 May, 01:20 |
| Total | $17,900 | |||
Cost = NSW RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $20,673 | 0 | $21 | 22 May, 15:40 |
| LOWER60SEC | $14,816 | 0 | $15 | 22 May, 15:30 |
| LOWER6SEC | $14,438 | 0 | $7 | 22 May, 15:30 |
| LOWERREG | $6,071 | 0 | $9 | 22 May, 21:25 |
| LOWER5MIN | $3,079 | 0 | $7 | 22 May, 15:30 |
| RAISE6SEC | $722 | 0 | $2 | 22 May, 17:15 |
| RAISE60SEC | $595 | 0 | $0 | 22 May, 18:40 |
| RAISE5MIN | $190 | 0 | $0 | 22 May, 18:45 |
| Total | $60,585 | |||
Cost = QLD RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $10,575 | 0 | $21 | 22 May, 15:40 |
| LOWERREG | $4,265 | 0 | $9 | 22 May, 21:25 |
| RAISE6SEC | $1,837 | 0 | $10 | 22 May, 07:35 |
| RAISE60SEC | $1,419 | 0 | $2 | 22 May, 07:35 |
| RAISE5MIN | $266 | 0 | $0 | 22 May, 07:10 |
| LOWER60SEC | $38 | 0 | $0 | 22 May, 15:20 |
| LOWER5MIN | $13 | 0 | $0 | 22 May, 15:20 |
| LOWER6SEC | $12 | 0 | $0 | 23 May, 01:20 |
| Total | $18,425 | |||
Cost = VIC RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $13,660 | 0 | $21 | 22 May, 15:40 |
| LOWERREG | $5,682 | 0 | $9 | 22 May, 21:25 |
| RAISE6SEC | $2,062 | 0 | $10 | 22 May, 07:35 |
| RAISE60SEC | $937 | 0 | $2 | 22 May, 07:35 |
| RAISE5MIN | $151 | 0 | $0 | 22 May, 07:10 |
| LOWER60SEC | $40 | 0 | $0 | 22 May, 15:20 |
| LOWER6SEC | $14 | 0 | $0 | 23 May, 01:20 |
| LOWER5MIN | $12 | 0 | $0 | 22 May, 15:20 |
| Total | $22,558 | |||
Cost = SA RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $14,226 | 0 | $66 | 22 May, 06:00 |
| LOWER6SEC | $8,613 | 0 | $3 | 22 May, 04:05 |
| RAISE6SEC | $6,949 | 0 | $44 | 22 May, 17:55 |
| LOWERREG | $4,296 | 0 | $3 | 22 May, 11:00 |
| RAISE60SEC | $3,791 | 0 | $48 | 22 May, 06:00 |
| LOWER60SEC | $2,320 | 0 | $3 | 22 May, 05:35 |
| RAISE5MIN | $332 | 0 | $0 | 22 May, 04:05 |
| LOWER5MIN | $149 | 0 | $0 | 22 May, 04:05 |
| Total | $40,677 | |||
Cost = TAS RRP × cleared MW per 5-min interval.
Battery dispatch
Peak moment
Fleet discharged 958 MW at 18:00 as NSW spot hit $151/MWh.
Peak moment
Fleet discharged 1,242 MW at 18:00 as QLD spot hit $120/MWh.
Peak moment
Fleet discharged 684 MW at 18:00 as VIC spot hit $140/MWh.
Peak moment
Fleet discharged 302 MW at 18:00 as SA spot hit $142/MWh.
Peak moment
Fleet discharged 3,186 MW at 18:00 as TAS spot hit $108/MWh.
Discharged
5,196MWh
peak 958 MW · 18:00
Charged
5,534MWh
peak 1,152 MW
Net
-338MWh
discharge − charge
Round-trip
94%
discharge / charge ratio
Discharged
5,012MWh
peak 1,242 MW · 18:00
Charged
5,132MWh
peak 1,022 MW
Net
-121MWh
discharge − charge
Round-trip
98%
discharge / charge ratio
Discharged
2,487MWh
peak 684 MW · 18:00
Charged
4,241MWh
peak 742 MW
Net
-1,754MWh
discharge − charge
Round-trip
59%
discharge / charge ratio
Discharged
1,729MWh
peak 302 MW · 18:00
Charged
1,890MWh
peak 317 MW
Net
-162MWh
discharge − charge
Round-trip
91%
discharge / charge ratio
NEM-wide
Discharged
14,424MWh
peak 3,186 MW · 18:00
Charged
16,798MWh
peak 2,651 MW
Net
-2,374MWh
discharge − charge
Round-trip
86%
discharge / charge ratio
Fleet net dispatch · spot-price overlay · 30-min average
Net MWdischarge ↑ · charge ↓NSWQLDVICSATAS$/MWh
Regional dispatch ranking
| Region | Discharged | Net |
|---|---|---|
#1NSW | 5,196MWh | -338 |
#2QLD | 5,012MWh | -121 |
#3VIC | 2,487MWh | -1,754 |
#4SA | 1,729MWh | -162 |
Generation Mix
- Coal61.0% · 125.4 GWh
- Gas2.4% · 5.0 GWh
- Hydro3.6% · 7.5 GWh
- Wind11.1% · 22.7 GWh
- Solar (utility)11.3% · 23.3 GWh
- Solar (rooftop)8.1% · 16.6 GWh
- Battery2.5% · 5.2 GWh
- Coal54.9% · 103.5 GWh
- Gas7.1% · 13.3 GWh
- Hydro2.8% · 5.3 GWh
- Wind8.0% · 15.0 GWh
- Solar (utility)11.4% · 21.5 GWh
- Solar (rooftop)13.2% · 24.9 GWh
- Battery2.7% · 5.0 GWh
- Coal66.6% · 111.2 GWh
- Gas5.1% · 8.5 GWh
- Hydro7.8% · 13.0 GWh
- Wind6.6% · 11.0 GWh
- Solar (utility)3.9% · 6.6 GWh
- Solar (rooftop)8.5% · 14.2 GWh
- Battery1.5% · 2.5 GWh
- Gas39.4% · 15.0 GWh
- Wind40.2% · 15.3 GWh
- Solar (utility)3.7% · 1.4 GWh
- Solar (rooftop)12.1% · 4.6 GWh
- Battery4.5% · 1.7 GWh
- Hydro94.2% · 28.4 GWh
- Wind2.9% · 0.9 GWh
- Solar (rooftop)2.9% · 0.9 GWh
Renewables
NSW · Daily renewable share
29.2%
VIC · Daily renewable share
22.7%
QLD · Daily renewable share
31.9%
SA · Daily renewable share
48.9%
TAS · Daily renewable share
97.7%
Peak instantaneous
49.5%
at 09:30
Daily NEM-wide share
33.2%
By region (daily share)
- NSW 29.2%
- VIC 22.7%
- QLD 31.9%
- SA 48.9%
- TAS 97.7%
Interconnectors
| Region (proxy) | Net flow | Direction changes | Hours at limit |
|---|---|---|---|
| N-Q-MNSP1 | +22.0 GWh | 7 | — |
| NSW1-QLD1 | −27.0 GWh | 4 | — |
| VIC1-NSW1 | +17.2 GWh | 22 | — |
| V-SA | −7.5 GWh | 33 | — |
| T-V-MNSP1 | −1.4 GWh | 0 | — |
Per-region net of NETINTERCHANGE proxied to a representative interconnector. Full per-interconnector decomposition + hours-at-limit needs DINTERCONNECTOR parsing (follow-up).
Emissions
Total emissions
351.0k tCO₂
▲ 20.3% vs same day last week
Intensity by region
| NSW | 113.5k tCO₂ | 0.552 tCO₂/MWh |
| QLD | 96.6k tCO₂ | 0.516 tCO₂/MWh |
| SA | 6.8k tCO₂ | 0.176 tCO₂/MWh |
| VIC | 134.2k tCO₂ | 0.815 tCO₂/MWh |
| TAS | 0 tCO₂ | 0.000 tCO₂/MWh |