NEM
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NEM
Daily analysis
Thursday 28 May 2026
Trading day 2026-05-28
Prices
Trading day · 04:00 → 04:00 AEST · 30-min average
NSW VIC QLD SA TAS
| Region | Avg | VWAP | Min | Max | Neg | Cap |
|---|---|---|---|---|---|---|
| NSW | $135 | $136 | $63 | $196 | 0 | 0 |
| QLD | $100 | $102 | -$25 | $172 | 1 | 0 |
| SA | $156 | $157 | $94 | $299 | 0 | 0 |
| VIC | $135 | $137 | $61 | $190 | 0 | 0 |
| TAS | $106 | $106 | $87 | $153 | 0 | 0 |
Min · Max are 5-minute dispatch extremes; the price chart plots 30-minute averages, so its peak reads lower.
Demand
NSW
Peak
9,832MW
17:50
Trough
6,568MW
04:25
Energy
392.4GWh
QLD
Peak
7,695MW
17:50
Trough
5,306MW
04:05
Energy
304.3GWh
SA
Peak
1,935MW
18:25
Trough
1,096MW
14:30
Energy
73.5GWh
VIC
Peak
7,351MW
17:55
Trough
4,540MW
03:40
Energy
284.8GWh
TAS
Peak
1,263MW
07:50
Trough
960MW
01:55
Energy
53.0GWh
FCAS
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $10,315 | 0 | $25 | 28 May, 04:35 |
| LOWERREG | $3,108 | 0 | $30 | 28 May, 15:30 |
| RAISE60SEC | $2,246 | 0 | $0 | 28 May, 07:45 |
| RAISE6SEC | $814 | 0 | $2 | 28 May, 17:50 |
| RAISE5MIN | $496 | 0 | $0 | 28 May, 10:50 |
| LOWER60SEC | $2 | 0 | $0 | 28 May, 09:50 |
| LOWER5MIN | $1 | 0 | $0 | 28 May, 09:50 |
| LOWER6SEC | $0 | 0 | $0 | 28 May, 04:40 |
| Total | $16,981 | |||
Cost = NSW RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| LOWER6SEC | $41,738 | 0 | $15 | 28 May, 14:35 |
| LOWER60SEC | $41,636 | 0 | $15 | 28 May, 14:35 |
| RAISEREG | $17,191 | 0 | $25 | 28 May, 04:35 |
| LOWERREG | $7,897 | 0 | $31 | 28 May, 15:30 |
| LOWER5MIN | $5,370 | 0 | $4 | 28 May, 15:55 |
| RAISE6SEC | $516 | 0 | $0 | 28 May, 06:55 |
| RAISE5MIN | $292 | 0 | $0 | 28 May, 20:05 |
| RAISE60SEC | $236 | 0 | $0 | 28 May, 05:00 |
| Total | $114,876 | |||
Cost = QLD RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| LOWERREG | $4,983 | 0 | $30 | 28 May, 15:30 |
| RAISEREG | $4,573 | 0 | $25 | 28 May, 04:35 |
| RAISE60SEC | $2,274 | 0 | $0 | 28 May, 07:45 |
| RAISE6SEC | $1,502 | 0 | $2 | 28 May, 17:50 |
| RAISE5MIN | $525 | 0 | $0 | 28 May, 10:50 |
| LOWER60SEC | $7 | 0 | $0 | 28 May, 09:50 |
| LOWER5MIN | $3 | 0 | $0 | 28 May, 09:50 |
| LOWER6SEC | $0 | 0 | $0 | 28 May, 04:40 |
| Total | $13,867 | |||
Cost = VIC RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $11,522 | 0 | $25 | 28 May, 04:35 |
| LOWERREG | $6,861 | 0 | $30 | 28 May, 15:30 |
| RAISE60SEC | $1,240 | 0 | $0 | 28 May, 07:45 |
| RAISE6SEC | $714 | 0 | $2 | 28 May, 17:50 |
| RAISE5MIN | $309 | 0 | $0 | 28 May, 10:50 |
| LOWER60SEC | $6 | 0 | $0 | 28 May, 09:50 |
| LOWER5MIN | $3 | 0 | $0 | 28 May, 09:50 |
| LOWER6SEC | $0 | 0 | $0 | 28 May, 04:40 |
| Total | $20,655 | |||
Cost = SA RRP × cleared MW per 5-min interval.
| Service | Cost | Spikes | Peak | When |
|---|---|---|---|---|
| RAISEREG | $14,619 | 0 | $47 | 28 May, 09:10 |
| LOWERREG | $4,606 | 0 | $4 | 28 May, 13:30 |
| LOWER6SEC | $4,262 | 0 | $3 | 28 May, 04:05 |
| RAISE6SEC | $3,393 | 0 | $21 | 28 May, 10:50 |
| RAISE60SEC | $1,485 | 0 | $2 | 28 May, 06:35 |
| LOWER60SEC | $934 | 0 | $1 | 29 May, 02:15 |
| RAISE5MIN | $182 | 0 | $0 | 28 May, 04:05 |
| LOWER5MIN | $63 | 0 | $0 | 28 May, 04:05 |
| Total | $29,543 | |||
Cost = TAS RRP × cleared MW per 5-min interval.
Battery dispatch
Peak moment
Fleet discharged 667 MW at 15:30 as NSW spot hit $95/MWh.
Peak moment
Fleet discharged 987 MW at 17:30 as QLD spot hit $131/MWh.
Peak moment
Fleet discharged 447 MW at 18:30 as VIC spot hit $151/MWh.
Peak moment
Fleet discharged 401 MW at 18:30 as SA spot hit $155/MWh.
Peak moment
Fleet discharged 2,288 MW at 18:30 as TAS spot hit $103/MWh.
Discharged
4,692MWh
peak 667 MW · 15:30
Charged
3,916MWh
peak 651 MW
Net
+777MWh
discharge − charge
Round-trip
120%
discharge / charge ratio
Discharged
4,489MWh
peak 987 MW · 17:30
Charged
4,947MWh
peak 687 MW
Net
-458MWh
discharge − charge
Round-trip
91%
discharge / charge ratio
Discharged
2,301MWh
peak 447 MW · 18:30
Charged
2,263MWh
peak 411 MW
Net
+38MWh
discharge − charge
Round-trip
102%
discharge / charge ratio
Discharged
1,731MWh
peak 401 MW · 18:30
Charged
1,025MWh
peak 238 MW
Net
+706MWh
discharge − charge
Round-trip
169%
discharge / charge ratio
NEM-wide
Discharged
13,213MWh
peak 2,288 MW · 18:30
Charged
12,151MWh
peak 1,719 MW
Net
+1,062MWh
discharge − charge
Round-trip
109%
discharge / charge ratio
Fleet net dispatch · spot-price overlay · 30-min average
Net MWdischarge ↑ · charge ↓NSWQLDVICSATAS$/MWh
Regional dispatch ranking
| Region | Discharged | Net |
|---|---|---|
#1NSW | 4,692MWh | +777 |
#2QLD | 4,489MWh | -458 |
#3VIC | 2,301MWh | +38 |
#4SA | 1,731MWh | +706 |
Generation Mix
- Coal68.3% · 139.2 GWh
- Gas4.8% · 9.8 GWh
- Hydro6.3% · 12.9 GWh
- Wind8.1% · 16.5 GWh
- Solar (utility)4.8% · 9.9 GWh
- Solar (rooftop)4.9% · 9.9 GWh
- Battery2.3% · 4.7 GWh
- Other0.4% · 0.8 GWh
- Coal62.3% · 118.6 GWh
- Gas9.0% · 17.2 GWh
- Hydro2.2% · 4.2 GWh
- Wind10.1% · 19.2 GWh
- Solar (utility)7.2% · 13.7 GWh
- Solar (rooftop)6.8% · 12.9 GWh
- Battery2.4% · 4.5 GWh
- Coal70.7% · 114.4 GWh
- Gas8.1% · 13.1 GWh
- Hydro9.5% · 15.4 GWh
- Wind3.4% · 5.4 GWh
- Solar (utility)2.1% · 3.3 GWh
- Solar (rooftop)4.8% · 7.7 GWh
- Battery1.4% · 2.3 GWh
- Gas72.4% · 24.0 GWh
- Wind4.6% · 1.5 GWh
- Solar (utility)3.8% · 1.3 GWh
- Solar (rooftop)11.8% · 3.9 GWh
- Battery5.2% · 1.7 GWh
- Other2.1% · 0.7 GWh
- Gas0.5% · 0.2 GWh
- Hydro97.4% · 31.3 GWh
- Wind0.9% · 0.3 GWh
- Solar (rooftop)1.2% · 0.4 GWh
Renewables
NSW · Daily renewable share
19.2%
VIC · Daily renewable share
17.9%
QLD · Daily renewable share
26.0%
SA · Daily renewable share
11.7%
TAS · Daily renewable share
109.7%
Peak instantaneous
35.2%
at 14:35
Daily NEM-wide share
24.5%
By region (daily share)
- NSW 19.2%
- VIC 17.9%
- QLD 26.0%
- SA 11.7%
- TAS 109.7%
Interconnectors
| Region (proxy) | Net flow | Direction changes | Hours at limit |
|---|---|---|---|
| N-Q-MNSP1 | +30.3 GWh | 0 | — |
| NSW1-QLD1 | −24.1 GWh | 4 | — |
| VIC1-NSW1 | +10.1 GWh | 14 | — |
| V-SA | −19.3 GWh | 0 | — |
| T-V-MNSP1 | +5.4 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
391.1k tCO₂
▲ 8.1% vs same day last week
Intensity by region
| NSW | 127.8k tCO₂ | 0.629 tCO₂/MWh |
| QLD | 111.2k tCO₂ | 0.584 tCO₂/MWh |
| SA | 11.3k tCO₂ | 0.340 tCO₂/MWh |
| VIC | 140.8k tCO₂ | 0.878 tCO₂/MWh |
| TAS | 102 tCO₂ | 0.003 tCO₂/MWh |