NEM
NEM Daily analysis

Wednesday 27 May 2026

Trading day 2026-05-27

Prices

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

NSW VIC QLD SA TAS
$0 $63 $125 $188 $250 $0 $53 $105 $158 $210 $0 $60 $120 $180 $240 $0 $55 $110 $165 $220 $0 $43 $85 $128 $170 04:00 10:00 16:00 22:00 04:00
Region Avg VWAP Min Max Neg Cap
NSW $158 $160 $98 $247 0 0
QLD $142 $144 $87 $232 0 0
SA $165 $166 $119 $250 0 0
VIC $144 $148 $36 $224 0 0
TAS $106 $107 $87 $311 0 0

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

Demand

NSW
Peak
9,603MW
17:45
Trough
6,560MW
03:40
Energy
380.0GWh
QLD
Peak
7,694MW
18:00
Trough
5,238MW
03:35
Energy
306.3GWh
SA
Peak
1,971MW
18:25
Trough
1,234MW
14:25
Energy
76.3GWh
VIC
Peak
7,177MW
18:00
Trough
4,331MW
04:05
Energy
277.1GWh
TAS
Peak
1,356MW
17:45
Trough
965MW
03:15
Energy
56.9GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$17,8670$2727 May, 12:00
LOWERREG$2,4540$927 May, 21:25
RAISE60SEC$1,4460$027 May, 06:30
RAISE6SEC$8940$527 May, 17:55
RAISE5MIN$3740$027 May, 09:05
LOWER60SEC$530$027 May, 04:45
LOWER5MIN$80$027 May, 04:20
LOWER6SEC$50$027 May, 04:50
Total$23,101

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

ServiceCostSpikesPeakWhen
LOWER6SEC$20,2940$627 May, 20:05
RAISEREG$19,2810$2727 May, 12:00
LOWER60SEC$17,4210$427 May, 20:05
LOWERREG$6,6230$927 May, 21:25
LOWER5MIN$2,1180$127 May, 06:25
RAISE6SEC$1,0200$027 May, 08:00
RAISE60SEC$7370$027 May, 09:05
RAISE5MIN$3950$027 May, 09:05
Total$67,889

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

ServiceCostSpikesPeakWhen
RAISEREG$11,7070$2727 May, 12:00
LOWERREG$4,7870$927 May, 21:25
RAISE60SEC$1,5100$027 May, 06:30
RAISE6SEC$1,3510$527 May, 17:55
RAISE5MIN$4310$027 May, 09:05
LOWER60SEC$790$027 May, 04:45
LOWER5MIN$130$027 May, 04:20
LOWER6SEC$50$027 May, 04:50
Total$19,883

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

ServiceCostSpikesPeakWhen
RAISEREG$17,0380$2727 May, 12:00
LOWERREG$6,0090$927 May, 21:25
RAISE60SEC$8950$027 May, 06:30
RAISE6SEC$8200$527 May, 17:55
RAISE5MIN$2370$027 May, 09:05
LOWER60SEC$1440$027 May, 04:45
LOWER5MIN$150$027 May, 04:20
LOWER6SEC$130$027 May, 04:50
Total$25,171

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

ServiceCostSpikesPeakWhen
RAISEREG$22,2330$17027 May, 08:20
RAISE6SEC$8,0580$19727 May, 08:20
LOWERREG$3,8720$427 May, 10:50
LOWER6SEC$2,6300$327 May, 04:05
RAISE60SEC$1,3060$027 May, 09:05
LOWER60SEC$9090$127 May, 06:05
RAISE5MIN$2110$027 May, 09:05
LOWER5MIN$380$027 May, 04:05
Total$39,257

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

Battery dispatch

Peak moment

Fleet discharged 707 MW at 08:00 as NSW spot hit $233/MWh.

Peak moment

Fleet discharged 833 MW at 07:00 as QLD spot hit $180/MWh.

Peak moment

Fleet discharged 700 MW at 08:30 as VIC spot hit $192/MWh.

Peak moment

Fleet discharged 223 MW at 08:00 as SA spot hit $194/MWh.

Peak moment

Fleet discharged 2,109 MW at 08:00 as TAS spot hit $112/MWh.

Discharged
2,667MWh
peak 707 MW · 08:00
Charged
4,266MWh
peak 788 MW
Net
-1,599MWh
discharge − charge
Round-trip
63%
discharge / charge ratio
Discharged
3,188MWh
peak 833 MW · 07:00
Charged
4,935MWh
peak 591 MW
Net
-1,747MWh
discharge − charge
Round-trip
65%
discharge / charge ratio
Discharged
2,307MWh
peak 700 MW · 08:30
Charged
2,263MWh
peak 335 MW
Net
+44MWh
discharge − charge
Round-trip
102%
discharge / charge ratio
Discharged
1,046MWh
peak 223 MW · 08:00
Charged
2,208MWh
peak 302 MW
Net
-1,161MWh
discharge − charge
Round-trip
47%
discharge / charge ratio
NEM-wide
Discharged
9,209MWh
peak 2,109 MW · 08:00
Charged
13,673MWh
peak 1,535 MW
Net
-4,464MWh
discharge − charge
Round-trip
67%
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
3,188MWh
-1,747
#2NSW
2,667MWh
-1,599
#3VIC
2,307MWh
+44
#4SA
1,046MWh
-1,161

Generation Mix

TOP FUEL 72.4%
  • Coal72.4% · 139.9 GWh
  • Gas5.0% · 9.7 GWh
  • Hydro5.9% · 11.4 GWh
  • Wind3.4% · 6.5 GWh
  • Solar (utility)4.2% · 8.0 GWh
  • Solar (rooftop)7.8% · 15.1 GWh
  • Battery1.4% · 2.7 GWh
TOP FUEL 67.0%
  • Coal67.0% · 123.9 GWh
  • Gas11.2% · 20.6 GWh
  • Hydro1.9% · 3.6 GWh
  • Wind6.7% · 12.4 GWh
  • Solar (utility)5.9% · 11.0 GWh
  • Solar (rooftop)5.5% · 10.2 GWh
  • Battery1.7% · 3.2 GWh
TOP FUEL 68.1%
  • Coal68.1% · 113.4 GWh
  • Gas5.8% · 9.6 GWh
  • Hydro8.0% · 13.3 GWh
  • Wind11.7% · 19.5 GWh
  • Solar (utility)1.4% · 2.4 GWh
  • Solar (rooftop)3.6% · 6.0 GWh
  • Battery1.4% · 2.3 GWh
TOP FUEL 63.9%
  • Gas63.9% · 22.8 GWh
  • Wind19.6% · 7.0 GWh
  • Solar (utility)4.5% · 1.6 GWh
  • Solar (rooftop)9.1% · 3.2 GWh
  • Battery2.9% · 1.0 GWh
TOP FUEL 88.1%
  • Gas0.8% · 0.3 GWh
  • Hydro88.1% · 29.4 GWh
  • Wind10.6% · 3.5 GWh
  • Solar (rooftop)0.5% · 0.2 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:009.6 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:009.1 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:008.3 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:001.9 GW 0
gashydrowindsolar rooftop
23:3005:3711:4517:5200:001.7 GW 0

Renewables

NSW · Daily renewable share
12.4%
VIC · Daily renewable share
25.7%
QLD · Daily renewable share
18.8%
SA · Daily renewable share
23.2%
TAS · Daily renewable share
108.4%
Peak instantaneous
28.4%
at 11:05
Daily NEM-wide share
23.3%
By region (daily share)
  • NSW
    12.4%
  • VIC
    25.7%
  • QLD
    18.8%
  • SA
    23.2%
  • TAS
    108.4%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +25.3 GWh 0
NSW1-QLD1 −38.2 GWh 0
VIC1-NSW1 +26.8 GWh 10
V-SA −17.1 GWh 4
T-V-MNSP1 +6.2 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
396.1k tCO₂
▲ 19.6% vs same day last week
Intensity by region
NSW 128.9k tCO₂ 0.677 tCO₂/MWh
QLD 117.9k tCO₂ 0.642 tCO₂/MWh
SA 11.2k tCO₂ 0.312 tCO₂/MWh
VIC 138.0k tCO₂ 0.837 tCO₂/MWh
TAS 179 tCO₂ 0.005 tCO₂/MWh