NEM
NEM Daily analysis

Tuesday 26 May 2026

Trading day 2026-05-26

Prices

Trading day · 04:00 → 04:00 AEST · 30-min average

NSW VIC QLD SA TAS
$0 $43 $85 $128 $170 $0 $38 $75 $113 $150 $0 $43 $85 $128 $170 $0 $73 $145 $218 $290 $0 $60 $120 $180 $240 04:00 10:00 16:00 22:00 04:00
Region Avg VWAP Min Max Neg Cap
NSW $114 $114 $42 $224 0 0
QLD $117 $119 $82 $232 0 0
SA $139 $137 $58 $349 0 0
VIC $65 $68 $9 $161 0 0
TAS $109 $109 $87 $449 0 0

Min · Max are 5-minute dispatch extremes; the price chart plots 30-minute averages, so its peak reads lower.

Demand

NSW
Peak
10,008MW
17:45
Trough
6,446MW
04:15
Energy
401.2GWh
QLD
Peak
7,598MW
17:45
Trough
5,274MW
04:05
Energy
298.6GWh
SA
Peak
2,029MW
18:25
Trough
1,042MW
11:35
Energy
74.3GWh
VIC
Peak
6,875MW
18:00
Trough
4,253MW
03:25
Energy
265.6GWh
TAS
Peak
1,402MW
18:00
Trough
944MW
02:05
Energy
56.2GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$13,4860$2126 May, 13:15
LOWERREG$2,3580$826 May, 15:10
RAISE60SEC$8650$126 May, 09:30
RAISE6SEC$6450$126 May, 09:30
LOWER60SEC$1890$026 May, 15:20
RAISE5MIN$1580$026 May, 09:30
LOWER5MIN$250$026 May, 10:55
LOWER6SEC$180$026 May, 12:30
Total$17,743

Cost = NSW RRP × cleared MW per 5-min interval.

ServiceCostSpikesPeakWhen
RAISEREG$18,9550$2126 May, 13:15
LOWER6SEC$8,3530$626 May, 10:35
LOWER60SEC$7,9050$326 May, 10:35
LOWERREG$5,8880$826 May, 08:20
RAISE6SEC$1,0720$026 May, 07:35
RAISE60SEC$8980$026 May, 17:20
LOWER5MIN$5370$027 May, 03:05
RAISE5MIN$2760$026 May, 06:55
Total$43,884

Cost = QLD RRP × cleared MW per 5-min interval.

ServiceCostSpikesPeakWhen
RAISEREG$7,5570$2126 May, 13:15
LOWERREG$5,1440$826 May, 15:10
RAISE6SEC$1,0170$126 May, 09:30
RAISE60SEC$9330$126 May, 09:30
RAISE5MIN$2460$026 May, 09:30
LOWER60SEC$2030$026 May, 15:20
LOWER5MIN$180$026 May, 10:55
LOWER6SEC$150$026 May, 12:30
Total$15,133

Cost = VIC RRP × cleared MW per 5-min interval.

ServiceCostSpikesPeakWhen
RAISEREG$13,2060$2126 May, 13:15
LOWERREG$6,6130$826 May, 15:10
RAISE60SEC$5230$126 May, 09:30
RAISE6SEC$5090$126 May, 09:30
LOWER60SEC$2910$026 May, 15:20
RAISE5MIN$1280$026 May, 09:30
LOWER6SEC$240$026 May, 12:30
LOWER5MIN$200$026 May, 10:55
Total$21,315

Cost = SA RRP × cleared MW per 5-min interval.

ServiceCostSpikesPeakWhen
RAISEREG$12,6010$1027 May, 00:40
LOWER6SEC$11,1710$326 May, 04:05
RAISE6SEC$6,3760$3527 May, 00:40
LOWERREG$4,8920$326 May, 04:05
RAISE60SEC$2,3060$227 May, 00:50
LOWER60SEC$2,2200$126 May, 04:05
RAISE5MIN$5140$026 May, 04:05
LOWER5MIN$2430$326 May, 04:05
Total$40,324

Cost = TAS RRP × cleared MW per 5-min interval.

Battery dispatch

Peak moment

Fleet discharged 726 MW at 21:00 as NSW spot hit $117/MWh.

Peak moment

Fleet discharged 1,008 MW at 18:00 as QLD spot hit $130/MWh.

Peak moment

Fleet discharged 531 MW at 08:00 as VIC spot hit $128/MWh.

Peak moment

Fleet discharged 448 MW at 08:30 as SA spot hit $142/MWh.

Peak moment

Fleet discharged 2,122 MW at 08:00 as TAS spot hit $108/MWh.

Discharged
5,037MWh
peak 726 MW · 21:00
Charged
5,084MWh
peak 554 MW
Net
-47MWh
discharge − charge
Round-trip
99%
discharge / charge ratio
Discharged
5,420MWh
peak 1,008 MW · 18:00
Charged
4,741MWh
peak 786 MW
Net
+679MWh
discharge − charge
Round-trip
114%
discharge / charge ratio
Discharged
1,891MWh
peak 531 MW · 08:00
Charged
2,852MWh
peak 474 MW
Net
-961MWh
discharge − charge
Round-trip
66%
discharge / charge ratio
Discharged
1,814MWh
peak 448 MW · 08:30
Charged
1,239MWh
peak 171 MW
Net
+574MWh
discharge − charge
Round-trip
146%
discharge / charge ratio
NEM-wide
Discharged
14,162MWh
peak 2,122 MW · 08:00
Charged
13,916MWh
peak 1,562 MW
Net
+246MWh
discharge − charge
Round-trip
102%
discharge / charge ratio

Fleet net dispatch · spot-price overlay · 30-min average

Net MWdischarge ↑ · charge ↓NSWQLDVICSATAS$/MWh
-2.0 GW-1.0 GW0 MW1.0 GW2.0 GW3.0 GW$0$100$200$30023:3006:3713:4520:5204:00

Regional dispatch ranking

RegionDischargedNet
#1QLD
5,420MWh
+679
#2NSW
5,037MWh
-47
#3VIC
1,891MWh
-961
#4SA
1,814MWh
+574

Generation Mix

TOP FUEL 74.7%
  • Coal74.7% · 147.5 GWh
  • Gas1.1% · 2.1 GWh
  • Hydro7.8% · 15.4 GWh
  • Wind6.7% · 13.1 GWh
  • Solar (utility)3.4% · 6.7 GWh
  • Solar (rooftop)3.9% · 7.7 GWh
  • Battery2.5% · 5.0 GWh
TOP FUEL 63.8%
  • Coal63.8% · 113.2 GWh
  • Gas10.9% · 19.4 GWh
  • Hydro2.0% · 3.5 GWh
  • Wind5.1% · 9.1 GWh
  • Solar (utility)7.5% · 13.3 GWh
  • Solar (rooftop)7.2% · 12.8 GWh
  • Battery3.1% · 5.4 GWh
  • Other0.4% · 0.7 GWh
TOP FUEL 62.8%
  • Coal62.8% · 111.6 GWh
  • Gas1.7% · 3.0 GWh
  • Hydro1.8% · 3.2 GWh
  • Wind27.3% · 48.4 GWh
  • Solar (utility)1.3% · 2.2 GWh
  • Solar (rooftop)4.2% · 7.4 GWh
  • Battery1.1% · 1.9 GWh
TOP FUEL 51.8%
  • Gas51.8% · 17.6 GWh
  • Wind22.6% · 7.7 GWh
  • Solar (utility)4.0% · 1.4 GWh
  • Solar (rooftop)14.5% · 4.9 GWh
  • Battery5.4% · 1.8 GWh
  • Other1.7% · 0.6 GWh
TOP FUEL 79.4%
  • Hydro79.4% · 24.5 GWh
  • Wind18.8% · 5.8 GWh
  • Solar (rooftop)1.9% · 0.6 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:009.9 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:008.7 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:008.5 GW 0
gasbattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:002.0 GW 0
hydrowindsolar rooftop
23:3005:3711:4517:5200:001.5 GW 0

Renewables

NSW · Daily renewable share
17.3%
VIC · Daily renewable share
38.7%
QLD · Daily renewable share
19.8%
SA · Daily renewable share
27.8%
TAS · Daily renewable share
99.0%
Peak instantaneous
34.6%
at 12:45
Daily NEM-wide share
28.1%
By region (daily share)
  • NSW
    17.3%
  • VIC
    38.7%
  • QLD
    19.8%
  • SA
    27.8%
  • TAS
    99.0%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +14.3 GWh 4
NSW1-QLD1 −43.2 GWh 0
VIC1-NSW1 +55.1 GWh 0
V-SA −21.3 GWh 0
T-V-MNSP1 −458 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
380.1k tCO₂
▲ 7.5% vs same day last week
Intensity by region
NSW 132.1k tCO₂ 0.666 tCO₂/MWh
QLD 107.7k tCO₂ 0.605 tCO₂/MWh
SA 8.4k tCO₂ 0.245 tCO₂/MWh
VIC 132.0k tCO₂ 0.751 tCO₂/MWh
TAS 0 tCO₂ 0.000 tCO₂/MWh