NEM
NEM Daily analysis

Thursday 11 June 2026

Trading day 2026-06-11

Market Snapshot

New South Wales leads prices as coal maintains majority generation share

Regional price averages remained below $100/MWh across the NEM, with New South Wales recording the highest average of $97.00/MWh. South Australia and Victoria experienced brief negative price intervals, reaching minimums of -$5.20/MWh and -$2.00/MWh respectively, while other regions remained positive throughout the day.

New South Wales recorded the highest demand peak of 9,785 MW at 18:00, coinciding with the Queensland peak of 7,907 MW. In contrast, Victoria, South Australia, and Tasmania reached their maximum demand levels during the morning period between 08:00 and 08:15.

Coal dominated the generation mix at 58.0%, supported by 10.1% gas and 9.6% hydro. Variable renewables contributed 19.9% through wind and solar, with the total renewable share peaking instantaneously at 48.4% at 12:15. Batteries discharged 15,331 MWh to the grid, resulting in a net discharge of 1,430 MWh.

FCAS costs were led by Regulation services, with Raise Regulation totaling $52,922 and peaking in Tasmania at $62.00/MWh. Total emissions for the trading day reached 388,272 tonnes of CO2, representing a significant increase over the previous week.

Today · Queensland is forecast to reach a peak price of $319.04/MWh at 19:30, while other regional peaks remain between $61.84/MWh and $145.00/MWh.

Why it matters · The daily average of $92.60/MWh sits 42.5% above the weekly average, extending a volatile trend where prices have fluctuated between $44 and $92. This price elevation aligns with a 28.5% rise in emissions and a high 68.1% fossil fuel share, despite batteries maintaining a net discharge position.

NSW $97VIC $78QLD $79SA $75TAS $88
Numbers-only recap · gemini-3-flash-preview

Prices

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

NSW VIC QLD SA TAS
$0 $48 $95 $143 $190 -$10 $40 $90 $140 $190 $0 $33 $65 $98 $130 -$10 $38 $85 $133 $180 $0 $40 $80 $120 $160 04:00 10:00 16:00 22:00 04:00
Region Avg VWAP Min Max Neg Cap
NSW $97 $98 $61 $200 0 0
QLD $79 $80 $48 $129 0 0
SA $75 $77 -$5 $221 6 0
VIC $78 $83 -$2 $207 5 0
TAS $88 $89 $50 $200 0 0

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

Demand

NSW
Peak
9,785MW
18:00
Trough
6,583MW
04:20
Energy
388.2GWh
QLD
Peak
7,907MW
18:00
Trough
5,573MW
03:45
Energy
313.1GWh
SA
Peak
1,880MW
08:00
Trough
722MW
13:35
Energy
67.8GWh
VIC
Peak
7,643MW
08:15
Trough
4,504MW
03:25
Energy
284.7GWh
TAS
Peak
1,452MW
08:05
Trough
922MW
01:45
Energy
57.5GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$9,0420$2111 June, 04:05
LOWERREG$1,0710$911 June, 05:05
RAISE60SEC$3790$011 June, 16:40
RAISE6SEC$2130$011 June, 16:40
LOWER60SEC$1220$111 June, 13:40
RAISE5MIN$850$011 June, 08:05
LOWER6SEC$580$111 June, 13:40
LOWER5MIN$120$011 June, 13:40
Total$10,981

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

ServiceCostSpikesPeakWhen
LOWER6SEC$17,8620$611 June, 08:55
LOWER60SEC$13,8160$611 June, 14:35
RAISEREG$7,9880$2111 June, 04:05
LOWERREG$4,7220$911 June, 05:05
LOWER5MIN$1,8990$111 June, 04:55
RAISE6SEC$4350$011 June, 06:20
RAISE60SEC$2230$011 June, 08:05
RAISE5MIN$1240$011 June, 08:05
Total$47,068

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

ServiceCostSpikesPeakWhen
RAISEREG$11,8600$2111 June, 04:05
LOWERREG$3,4330$911 June, 05:05
RAISE60SEC$5760$011 June, 16:40
RAISE6SEC$4060$011 June, 16:40
LOWER60SEC$2610$111 June, 13:40
RAISE5MIN$1180$011 June, 08:05
LOWER6SEC$1140$111 June, 13:40
LOWER5MIN$140$011 June, 13:40
Total$16,781

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

ServiceCostSpikesPeakWhen
RAISEREG$9,7130$2111 June, 04:05
LOWERREG$5,6940$911 June, 05:05
LOWER60SEC$8210$1411 June, 08:20
RAISE60SEC$6960$011 June, 06:10
RAISE6SEC$6820$111 June, 06:10
LOWER6SEC$4080$511 June, 07:25
RAISE5MIN$1430$011 June, 14:45
LOWER5MIN$360$011 June, 08:20
Total$18,191

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

ServiceCostSpikesPeakWhen
RAISEREG$14,3190$6211 June, 07:25
RAISE6SEC$4,2760$13911 June, 09:35
LOWERREG$3,3490$1311 June, 09:40
LOWER6SEC$2,5770$311 June, 04:05
LOWER60SEC$1,3800$111 June, 23:20
RAISE60SEC$1,3750$011 June, 04:05
LOWER5MIN$70$011 June, 04:05
RAISE5MIN$60$011 June, 09:40
Total$27,289

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

Battery dispatch

Peak moment

Fleet discharged 963 MW at 08:00 as NSW spot hit $160/MWh.

Peak moment

Fleet discharged 1,121 MW at 18:00 as QLD spot hit $98/MWh.

Peak moment

Fleet discharged 858 MW at 18:00 as VIC spot hit $104/MWh.

Peak moment

Fleet discharged 421 MW at 18:30 as SA spot hit $97/MWh.

Peak moment

Fleet discharged 3,332 MW at 18:00 as TAS spot hit $81/MWh.

Discharged
5,031MWh
peak 963 MW · 08:00
Charged
5,807MWh
peak 927 MW
Net
-776MWh
discharge − charge
Round-trip
87%
discharge / charge ratio
Discharged
4,232MWh
peak 1,121 MW · 18:00
Charged
5,473MWh
peak 728 MW
Net
-1,241MWh
discharge − charge
Round-trip
77%
discharge / charge ratio
Discharged
3,946MWh
peak 858 MW · 18:00
Charged
3,518MWh
peak 667 MW
Net
+427MWh
discharge − charge
Round-trip
112%
discharge / charge ratio
Discharged
2,122MWh
peak 421 MW · 18:30
Charged
1,963MWh
peak 299 MW
Net
+159MWh
discharge − charge
Round-trip
108%
discharge / charge ratio
NEM-wide
Discharged
15,331MWh
peak 3,332 MW · 18:00
Charged
16,761MWh
peak 2,371 MW
Net
-1,430MWh
discharge − charge
Round-trip
91%
discharge / charge ratio

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

Net MWdischarge ↑ · charge ↓NSWQLDVICSATAS$/MWh
-4.0 GW-2.0 GW0 MW2.0 GW4.0 GW-$50$0$50$100$150$20023:3006:3713:4520:5204:00

Regional dispatch ranking

RegionDischargedNet
#1NSW
5,031MWh
-776
#2QLD
4,232MWh
-1,241
#3VIC
3,946MWh
+427
#4SA
2,122MWh
+159

Generation Mix

TOP FUEL 66.3%
  • Coal66.3% · 134.3 GWh
  • Gas8.9% · 18.1 GWh
  • Hydro6.1% · 12.3 GWh
  • Wind2.9% · 5.9 GWh
  • Solar (utility)6.3% · 12.8 GWh
  • Solar (rooftop)6.9% · 13.9 GWh
  • Battery2.5% · 5.0 GWh
  • Other0.1% · 0.3 GWh
TOP FUEL 62.3%
  • Coal62.3% · 121.1 GWh
  • Gas10.9% · 21.2 GWh
  • Hydro1.8% · 3.4 GWh
  • Wind9.7% · 18.9 GWh
  • Solar (utility)6.0% · 11.6 GWh
  • Solar (rooftop)7.2% · 13.9 GWh
  • Battery2.2% · 4.2 GWh
TOP FUEL 67.6%
  • Coal67.6% · 114.3 GWh
  • Gas3.2% · 5.4 GWh
  • Hydro9.7% · 16.5 GWh
  • Wind6.8% · 11.4 GWh
  • Solar (utility)3.5% · 5.9 GWh
  • Solar (rooftop)6.6% · 11.2 GWh
  • Battery2.3% · 3.9 GWh
  • Other0.3% · 0.4 GWh
TOP FUEL 47.1%
  • Gas47.1% · 18.9 GWh
  • Wind26.5% · 10.6 GWh
  • Solar (utility)5.5% · 2.2 GWh
  • Solar (rooftop)15.1% · 6.1 GWh
  • Battery5.3% · 2.1 GWh
  • Other0.4% · 0.2 GWh
TOP FUEL 89.0%
  • Gas3.1% · 1.0 GWh
  • Hydro89.0% · 28.9 GWh
  • Wind5.7% · 1.8 GWh
  • Solar (rooftop)2.3% · 0.7 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:009.9 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:009.6 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:008.7 GW 0
gasbattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:002.3 GW 0
gashydrowindsolar rooftop
23:3005:3711:4517:5200:001.7 GW 0

Renewables

NSW · Daily renewable share
22.9%
VIC · Daily renewable share
30.4%
QLD · Daily renewable share
29.1%
SA · Daily renewable share
49.6%
TAS · Daily renewable share
99.3%
Peak instantaneous
48.4%
at 12:15
Daily NEM-wide share
31.0%
By region (daily share)
  • NSW
    22.9%
  • VIC
    30.4%
  • QLD
    29.1%
  • SA
    49.6%
  • TAS
    99.3%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +27.3 GWh 0 —
NSW1-QLD1 −42.4 GWh 0 —
VIC1-NSW1 +16.9 GWh 8 —
V-SA +654 MWh 47 —
T-V-MNSP1 +969 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
388.3k tCO₂
▲ 28.5% vs same day last week
Intensity by region
NSW 128.0k tCO₂ 0.631 tCO₂/MWh
QLD 114.4k tCO₂ 0.590 tCO₂/MWh
SA 8.8k tCO₂ 0.217 tCO₂/MWh
VIC 136.4k tCO₂ 0.811 tCO₂/MWh
TAS 660 tCO₂ 0.021 tCO₂/MWh