NEM
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NEM
Daily analysis
Saturday 23 May 2026
Trading day 2026-05-23
Prices
Trading day · 04:00 → 04:00 AEST · 30-min average
NSW VIC QLD SA TAS
| Region | Avg | VWAP | Min | Max | Neg | Cap |
|---|---|---|---|---|---|---|
| NSW | $62 | $64 | $5 | $105 | 0 | 0 |
| QLD | $57 | $62 | -$3 | $107 | 9 | 0 |
| SA | $53 | $54 | $5 | $113 | 0 | 0 |
| VIC | $52 | $53 | $5 | $100 | 0 | 0 |
| TAS | $98 | $99 | $80 | $150 | 0 | 0 |
Min · Max are 5-minute dispatch extremes; the price chart plots 30-minute averages, so its peak reads lower.
Demand
NSW
Peak
9,329MW
17:55
Trough
6,316MW
03:55
Energy
360.9GWh
QLD
Peak
6,890MW
17:40
Trough
4,039MW
10:50
Energy
258.7GWh
SA
Peak
1,632MW
18:25
Trough
894MW
14:15
Energy
63.9GWh
VIC
Peak
6,574MW
17:55
Trough
4,236MW
03:40
Energy
255.2GWh
TAS
Peak
1,325MW
17:35
Trough
919MW
04:05
Energy
54.1GWh
FCAS
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $10,497 | 0 | $16 | 23 May, 10:30 |
| LOWERREG | $2,145 | 0 | $15 | 23 May, 15:35 |
| RAISE60SEC | $1,229 | 0 | $0 | 23 May, 17:45 |
| RAISE6SEC | $648 | 0 | $1 | 23 May, 17:45 |
| RAISE5MIN | $161 | 0 | $0 | 23 May, 08:05 |
| LOWER60SEC | $63 | 0 | $0 | 23 May, 16:05 |
| LOWER6SEC | $30 | 0 | $0 | 23 May, 04:05 |
| LOWER5MIN | $26 | 0 | $0 | 23 May, 16:05 |
| Total | $14,800 | |||
Cost = NSW RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| LOWER60SEC | $30,106 | 0 | $26 | 23 May, 15:35 |
| LOWER6SEC | $22,904 | 0 | $15 | 23 May, 08:55 |
| RAISEREG | $14,742 | 0 | $16 | 23 May, 10:30 |
| LOWER5MIN | $7,412 | 0 | $15 | 23 May, 15:05 |
| LOWERREG | $7,357 | 0 | $19 | 23 May, 15:05 |
| RAISE60SEC | $1,035 | 0 | $0 | 23 May, 17:45 |
| RAISE6SEC | $845 | 0 | $1 | 23 May, 17:45 |
| RAISE5MIN | $229 | 0 | $0 | 23 May, 17:15 |
| Total | $84,629 | |||
Cost = QLD RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $5,532 | 0 | $16 | 23 May, 10:30 |
| LOWERREG | $4,329 | 0 | $15 | 23 May, 15:35 |
| RAISE60SEC | $1,213 | 0 | $0 | 23 May, 17:45 |
| RAISE6SEC | $1,041 | 0 | $1 | 23 May, 17:45 |
| RAISE5MIN | $222 | 0 | $0 | 23 May, 08:05 |
| LOWER60SEC | $72 | 0 | $0 | 23 May, 16:05 |
| LOWER6SEC | $27 | 0 | $0 | 23 May, 04:05 |
| LOWER5MIN | $21 | 0 | $0 | 23 May, 16:05 |
| Total | $12,455 | |||
Cost = VIC RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $11,637 | 0 | $16 | 23 May, 10:30 |
| LOWERREG | $6,131 | 0 | $15 | 23 May, 15:35 |
| RAISE60SEC | $596 | 0 | $0 | 23 May, 17:45 |
| RAISE6SEC | $475 | 0 | $1 | 23 May, 17:45 |
| RAISE5MIN | $117 | 0 | $0 | 23 May, 08:05 |
| LOWER60SEC | $54 | 0 | $0 | 23 May, 16:05 |
| LOWER6SEC | $21 | 0 | $0 | 23 May, 04:05 |
| LOWER5MIN | $12 | 0 | $0 | 23 May, 16:05 |
| Total | $19,043 | |||
Cost = SA RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $14,193 | 0 | $38 | 23 May, 14:45 |
| LOWER6SEC | $12,093 | 0 | $3 | 23 May, 04:10 |
| LOWERREG | $4,683 | 0 | $3 | 23 May, 14:40 |
| RAISE6SEC | $4,410 | 0 | $94 | 23 May, 14:45 |
| LOWER60SEC | $1,946 | 0 | $3 | 23 May, 07:05 |
| RAISE60SEC | $1,819 | 0 | $3 | 24 May, 02:00 |
| LOWER5MIN | $284 | 0 | $3 | 23 May, 14:55 |
| RAISE5MIN | $271 | 0 | $0 | 23 May, 04:05 |
| Total | $39,698 | |||
Cost = TAS RRP × cleared MW per 5-min interval.
Battery dispatch
Peak moment
Fleet discharged 992 MW at 18:30 as NSW spot hit $96/MWh.
Peak moment
Fleet discharged 1,280 MW at 18:00 as QLD spot hit $100/MWh.
Peak moment
Fleet discharged 503 MW at 18:00 as VIC spot hit $92/MWh.
Peak moment
Fleet discharged 413 MW at 18:00 as SA spot hit $98/MWh.
Peak moment
Fleet discharged 3,084 MW at 18:00 as TAS spot hit $105/MWh.
Discharged
3,038MWh
peak 992 MW · 18:30
Charged
4,510MWh
peak 1,114 MW
Net
-1,472MWh
discharge − charge
Round-trip
67%
discharge / charge ratio
Discharged
4,351MWh
peak 1,280 MW · 18:00
Charged
5,677MWh
peak 1,457 MW
Net
-1,327MWh
discharge − charge
Round-trip
77%
discharge / charge ratio
Discharged
1,477MWh
peak 503 MW · 18:00
Charged
1,962MWh
peak 338 MW
Net
-486MWh
discharge − charge
Round-trip
75%
discharge / charge ratio
Discharged
1,374MWh
peak 413 MW · 18:00
Charged
2,041MWh
peak 330 MW
Net
-666MWh
discharge − charge
Round-trip
67%
discharge / charge ratio
NEM-wide
Discharged
10,239MWh
peak 3,084 MW · 18:00
Charged
14,190MWh
peak 2,658 MW
Net
-3,951MWh
discharge − charge
Round-trip
72%
discharge / charge ratio
Fleet net dispatch · spot-price overlay · 30-min average
Net MWdischarge ↑ · charge ↓NSWQLDVICSATAS$/MWh
Regional dispatch ranking
| Region | Discharged | Net |
|---|---|---|
#1QLD | 4,351MWh | -1,327 |
#2NSW | 3,038MWh | -1,472 |
#3VIC | 1,477MWh | -486 |
#4SA | 1,374MWh | -666 |
Generation Mix
- Coal58.2% · 111.4 GWh
- Gas0.6% · 1.1 GWh
- Hydro6.5% · 12.4 GWh
- Wind15.2% · 29.1 GWh
- Solar (utility)10.3% · 19.6 GWh
- Solar (rooftop)7.6% · 14.6 GWh
- Battery1.6% · 3.0 GWh
- Coal56.7% · 97.7 GWh
- Gas4.7% · 8.0 GWh
- Hydro3.2% · 5.6 GWh
- Wind7.6% · 13.1 GWh
- Solar (utility)12.2% · 20.9 GWh
- Solar (rooftop)13.1% · 22.5 GWh
- Battery2.5% · 4.4 GWh
- Coal70.8% · 112.9 GWh
- Gas1.0% · 1.5 GWh
- Hydro1.5% · 2.4 GWh
- Wind19.4% · 31.0 GWh
- Solar (utility)1.6% · 2.6 GWh
- Solar (rooftop)4.7% · 7.5 GWh
- Battery0.9% · 1.5 GWh
- Gas7.8% · 2.9 GWh
- Wind73.9% · 27.5 GWh
- Solar (utility)3.4% · 1.3 GWh
- Solar (rooftop)11.2% · 4.2 GWh
- Battery3.7% · 1.4 GWh
- Hydro85.9% · 24.5 GWh
- Wind12.8% · 3.6 GWh
- Solar (rooftop)1.3% · 0.4 GWh
Renewables
NSW · Daily renewable share
32.4%
VIC · Daily renewable share
27.1%
QLD · Daily renewable share
31.4%
SA · Daily renewable share
86.3%
TAS · Daily renewable share
95.6%
Peak instantaneous
52.0%
at 10:00
Daily NEM-wide share
37.8%
By region (daily share)
- NSW 32.4%
- VIC 27.1%
- QLD 31.4%
- SA 86.3%
- TAS 95.6%
Interconnectors
| Region (proxy) | Net flow | Direction changes | Hours at limit |
|---|---|---|---|
| N-Q-MNSP1 | +11.9 GWh | 24 | — |
| NSW1-QLD1 | −29.3 GWh | 2 | — |
| VIC1-NSW1 | +27.6 GWh | 0 | — |
| V-SA | −4.2 GWh | 37 | — |
| T-V-MNSP1 | −2.6 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
322.1k tCO₂
▲ 14.6% vs same day last week
Intensity by region
| NSW | 99.2k tCO₂ | 0.525 tCO₂/MWh |
| QLD | 89.0k tCO₂ | 0.521 tCO₂/MWh |
| SA | 1.4k tCO₂ | 0.038 tCO₂/MWh |
| VIC | 132.5k tCO₂ | 0.845 tCO₂/MWh |
| TAS | 0 tCO₂ | 0.000 tCO₂/MWh |