NEM
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NEM
Daily analysis
Monday 25 May 2026
Trading day 2026-05-25
Prices
Trading day · 04:00 → 04:00 AEST · 30-min average
NSW VIC QLD SA TAS
| Region | Avg | VWAP | Min | Max | Neg | Cap |
|---|---|---|---|---|---|---|
| NSW | $93 | $94 | $57 | $144 | 0 | 0 |
| QLD | $92 | $94 | $57 | $240 | 0 | 0 |
| SA | $115 | $116 | $49 | $250 | 0 | 0 |
| VIC | $89 | $90 | $21 | $130 | 0 | 0 |
| TAS | $103 | $103 | $90 | $149 | 0 | 0 |
Min · Max are 5-minute dispatch extremes; the price chart plots 30-minute averages, so its peak reads lower.
Demand
NSW
Peak
9,582MW
17:40
Trough
6,397MW
03:55
Energy
377.6GWh
QLD
Peak
7,574MW
17:50
Trough
4,922MW
11:55
Energy
287.6GWh
SA
Peak
2,037MW
18:25
Trough
1,083MW
13:35
Energy
75.1GWh
VIC
Peak
6,923MW
17:50
Trough
4,330MW
03:35
Energy
268.9GWh
TAS
Peak
1,386MW
18:00
Trough
950MW
03:10
Energy
56.0GWh
FCAS
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $16,627 | 0 | $21 | 25 May, 13:00 |
| LOWERREG | $1,632 | 0 | $8 | 25 May, 15:35 |
| RAISE60SEC | $787 | 0 | $0 | 25 May, 07:55 |
| RAISE6SEC | $437 | 0 | $0 | 25 May, 07:35 |
| LOWER60SEC | $115 | 0 | $1 | 25 May, 11:00 |
| RAISE5MIN | $106 | 0 | $0 | 25 May, 07:55 |
| LOWER5MIN | $28 | 0 | $0 | 25 May, 12:40 |
| LOWER6SEC | $24 | 0 | $0 | 25 May, 13:30 |
| Total | $19,755 | |||
Cost = NSW RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $20,511 | 0 | $21 | 25 May, 13:00 |
| LOWER6SEC | $9,479 | 0 | $3 | 25 May, 08:55 |
| LOWER60SEC | $8,508 | 0 | $3 | 25 May, 08:55 |
| LOWERREG | $5,427 | 0 | $8 | 25 May, 15:35 |
| RAISE6SEC | $953 | 0 | $0 | 25 May, 07:35 |
| LOWER5MIN | $739 | 0 | $1 | 25 May, 08:55 |
| RAISE60SEC | $690 | 0 | $0 | 25 May, 18:00 |
| RAISE5MIN | $175 | 0 | $0 | 25 May, 07:35 |
| Total | $46,483 | |||
Cost = QLD RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $7,451 | 0 | $21 | 25 May, 13:00 |
| LOWERREG | $3,211 | 0 | $8 | 25 May, 15:35 |
| RAISE60SEC | $922 | 0 | $0 | 25 May, 07:55 |
| RAISE6SEC | $773 | 0 | $0 | 25 May, 07:35 |
| LOWER60SEC | $213 | 0 | $1 | 25 May, 11:00 |
| RAISE5MIN | $179 | 0 | $0 | 25 May, 07:55 |
| LOWER6SEC | $31 | 0 | $0 | 25 May, 13:30 |
| LOWER5MIN | $26 | 0 | $0 | 25 May, 12:40 |
| Total | $12,806 | |||
Cost = VIC RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $16,161 | 0 | $21 | 25 May, 13:00 |
| LOWERREG | $6,704 | 0 | $8 | 25 May, 15:35 |
| RAISE60SEC | $459 | 0 | $0 | 25 May, 07:55 |
| RAISE6SEC | $348 | 0 | $0 | 25 May, 07:35 |
| LOWER60SEC | $123 | 0 | $1 | 25 May, 11:00 |
| RAISE5MIN | $68 | 0 | $0 | 25 May, 07:55 |
| LOWER6SEC | $23 | 0 | $0 | 25 May, 13:30 |
| LOWER5MIN | $12 | 0 | $0 | 25 May, 12:40 |
| Total | $23,899 | |||
Cost = SA RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| LOWER6SEC | $16,631 | 0 | $3 | 25 May, 04:05 |
| RAISEREG | $14,579 | 0 | $51 | 25 May, 06:05 |
| LOWERREG | $5,538 | 0 | $4 | 25 May, 05:05 |
| LOWER60SEC | $4,601 | 0 | $3 | 25 May, 13:15 |
| RAISE60SEC | $3,158 | 0 | $46 | 25 May, 06:05 |
| RAISE6SEC | $3,065 | 0 | $40 | 25 May, 07:30 |
| LOWER5MIN | $494 | 0 | $3 | 26 May, 01:35 |
| RAISE5MIN | $294 | 0 | $0 | 25 May, 04:05 |
| Total | $48,361 | |||
Cost = TAS RRP × cleared MW per 5-min interval.
Battery dispatch
Peak moment
Fleet discharged 466 MW at 18:00 as NSW spot hit $124/MWh.
Peak moment
Fleet discharged 685 MW at 18:00 as QLD spot hit $126/MWh.
Peak moment
Fleet discharged 477 MW at 18:00 as VIC spot hit $115/MWh.
Peak moment
Fleet discharged 165 MW at 08:00 as SA spot hit $99/MWh.
Peak moment
Fleet discharged 1,653 MW at 18:00 as TAS spot hit $103/MWh.
Discharged
2,357MWh
peak 466 MW · 18:00
Charged
4,907MWh
peak 856 MW
Net
-2,550MWh
discharge − charge
Round-trip
48%
discharge / charge ratio
Discharged
3,827MWh
peak 685 MW · 18:00
Charged
6,190MWh
peak 913 MW
Net
-2,363MWh
discharge − charge
Round-trip
62%
discharge / charge ratio
Discharged
1,659MWh
peak 477 MW · 18:00
Charged
2,507MWh
peak 464 MW
Net
-847MWh
discharge − charge
Round-trip
66%
discharge / charge ratio
Discharged
756MWh
peak 165 MW · 08:00
Charged
2,246MWh
peak 375 MW
Net
-1,490MWh
discharge − charge
Round-trip
34%
discharge / charge ratio
NEM-wide
Discharged
8,600MWh
peak 1,653 MW · 18:00
Charged
15,849MWh
peak 2,000 MW
Net
-7,250MWh
discharge − charge
Round-trip
54%
discharge / charge ratio
Fleet net dispatch · spot-price overlay · 30-min average
Net MWdischarge ↑ · charge ↓NSWQLDVICSATAS$/MWh
Regional dispatch ranking
| Region | Discharged | Net |
|---|---|---|
#1QLD | 3,827MWh | -2,363 |
#2NSW | 2,357MWh | -2,550 |
#3VIC | 1,659MWh | -847 |
#4SA | 756MWh | -1,490 |
Generation Mix
- Coal69.3% · 141.1 GWh
- Gas0.8% · 1.7 GWh
- Hydro7.4% · 15.1 GWh
- Wind5.0% · 10.1 GWh
- Solar (utility)9.3% · 18.9 GWh
- Solar (rooftop)7.0% · 14.2 GWh
- Battery1.2% · 2.4 GWh
- Coal61.6% · 109.9 GWh
- Gas9.0% · 16.0 GWh
- Hydro2.4% · 4.3 GWh
- Wind6.6% · 11.7 GWh
- Solar (utility)7.3% · 13.1 GWh
- Solar (rooftop)11.0% · 19.6 GWh
- Battery2.1% · 3.8 GWh
- Coal70.9% · 113.0 GWh
- Gas2.5% · 3.9 GWh
- Hydro3.2% · 5.1 GWh
- Wind15.2% · 24.2 GWh
- Solar (utility)2.5% · 3.9 GWh
- Solar (rooftop)4.8% · 7.6 GWh
- Battery1.0% · 1.7 GWh
- Gas32.3% · 13.4 GWh
- Wind50.8% · 21.1 GWh
- Solar (utility)3.2% · 1.3 GWh
- Solar (rooftop)11.8% · 4.9 GWh
- Battery1.8% · 0.8 GWh
- Gas1.1% · 0.3 GWh
- Hydro92.8% · 28.4 GWh
- Wind4.4% · 1.3 GWh
- Solar (rooftop)1.7% · 0.5 GWh
Renewables
NSW · Daily renewable share
21.5%
VIC · Daily renewable share
24.4%
QLD · Daily renewable share
21.5%
SA · Daily renewable share
57.4%
TAS · Daily renewable share
99.0%
Peak instantaneous
40.1%
at 09:45
Daily NEM-wide share
28.9%
By region (daily share)
- NSW 21.5%
- VIC 24.4%
- QLD 21.5%
- SA 57.4%
- TAS 99.0%
Interconnectors
| Region (proxy) | Net flow | Direction changes | Hours at limit |
|---|---|---|---|
| N-Q-MNSP1 | +11.4 GWh | 7 | — |
| NSW1-QLD1 | −17.7 GWh | 14 | — |
| VIC1-NSW1 | +21.7 GWh | 6 | — |
| V-SA | −12.7 GWh | 1 | — |
| T-V-MNSP1 | +158 MWh | 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
370.1k tCO₂
▼ 5.0% vs same day last week
Intensity by region
| NSW | 126.2k tCO₂ | 0.629 tCO₂/MWh |
| QLD | 103.3k tCO₂ | 0.584 tCO₂/MWh |
| SA | 6.3k tCO₂ | 0.153 tCO₂/MWh |
| VIC | 134.2k tCO₂ | 0.854 tCO₂/MWh |
| TAS | 218 tCO₂ | 0.007 tCO₂/MWh |