NEM
NEM Daily analysis

Sunday 14 June 2026

Trading day 2026-06-14

Market Snapshot

South Australia records negative intervals while Tasmania sees FCAS price spike

Regional average prices ranged from $40.50/MWh in South Australia to $72.70/MWh in New South Wales. South Australia was the only region to record negative price intervals, reaching a minimum of -$12.50/MWh during the day. Demand peaked across most regions between 17:40 and 19:00, with New South Wales reaching a maximum load of 9,375 MW.

Coal remained the primary generation source at 55.2%, while wind and solar combined for 28.6% of the total fuel mix. Renewables reached an instantaneous peak of 60.2% at 11:40. Battery storage contributed 9,859 MWh to the grid, resulting in a net consumption of 1,674 MWh after charging.

Total emissions for the day were 337,169 tonnes of CO2, representing a 4% decrease compared to the same day last week. Significant cost volatility occurred in the contingency FCAS markets. The RAISE6SEC service in Tasmania peaked at $20,290.00/MWh, driving total costs for that specific service to $536,758.

Today · Forward forecasts indicate a peak price of $319.04/MWh in Queensland at 19:30, with New South Wales expected to reach $98.25/MWh.

Why it matters · The daily average of $59.06/MWh sits 6.8% below the weekly average, extending a period of moderate pricing despite a coal-heavy generation mix. The combination of negative pricing in South Australia and extreme FCAS volatility in Tasmania highlights significant regional divergence in market stability.

NSW $73VIC $53QLD $61SA $40TAS $68
Numbers-only recap · gemini-3-flash-preview

Prices

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

NSW VIC QLD SA TAS
$0 $28 $55 $83 $110 $0 $25 $50 $75 $100 $0 $25 $50 $75 $100 -$10 $18 $45 $73 $100 $0 $25 $50 $75 $100 04:00 10:00 16:00 22:00 04:00
Region Avg VWAP Min Max Neg Cap
NSW $73 $73 $41 $111 0 0
QLD $61 $63 $7 $102 0 0
SA $40 $47 -$13 $98 11 0
VIC $53 $56 -$1 $94 0 0
TAS $68 $69 $20 $77 0 0

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

Demand

NSW
Peak
9,375MW
17:40
Trough
6,259MW
04:50
Energy
360.8GWh
QLD
Peak
7,533MW
17:50
Trough
4,089MW
10:45
Energy
275.3GWh
SA
Peak
1,913MW
19:00
Trough
598MW
13:45
Energy
63.7GWh
VIC
Peak
7,250MW
18:05
Trough
4,171MW
12:10
Energy
263.2GWh
TAS
Peak
1,396MW
18:05
Trough
915MW
04:20
Energy
55.5GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$6,1420$1114 June, 09:10
LOWERREG$1,0050$814 June, 08:35
RAISE6SEC$1890$014 June, 07:35
RAISE60SEC$1430$014 June, 12:20
RAISE5MIN$560$014 June, 06:40
LOWER60SEC$370$014 June, 04:15
LOWER5MIN$230$014 June, 14:20
LOWER6SEC$200$014 June, 15:30
Total$7,615

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

ServiceCostSpikesPeakWhen
LOWER6SEC$7,0830$614 June, 07:55
LOWER60SEC$6,7940$614 June, 07:55
RAISEREG$6,3890$1114 June, 09:10
LOWERREG$4,1870$814 June, 08:35
LOWER5MIN$1,1580$114 June, 07:55
RAISE6SEC$4310$014 June, 07:35
RAISE60SEC$2080$014 June, 06:45
RAISE5MIN$660$014 June, 06:40
Total$26,316

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

ServiceCostSpikesPeakWhen
RAISEREG$8,7530$1114 June, 09:10
LOWERREG$4,0030$814 June, 08:35
RAISE60SEC$3280$014 June, 12:20
RAISE6SEC$2790$014 June, 07:35
RAISE5MIN$800$014 June, 06:40
LOWER60SEC$290$014 June, 04:15
LOWER5MIN$90$014 June, 14:20
LOWER6SEC$80$014 June, 15:30
Total$13,489

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

ServiceCostSpikesPeakWhen
LOWER60SEC$9,2750$2014 June, 08:05
RAISEREG$8,5510$1114 June, 09:10
LOWERREG$4,9930$814 June, 08:35
LOWER6SEC$3,1390$1514 June, 13:45
LOWER5MIN$4980$214 June, 16:15
RAISE6SEC$3580$014 June, 07:35
RAISE60SEC$2540$014 June, 12:20
RAISE5MIN$950$014 June, 06:40
Total$27,162

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

ServiceCostSpikesPeakWhen
RAISE6SEC$535,5012$20,29014 June, 06:05
LOWER6SEC$14,2430$4314 June, 05:10
RAISEREG$8,6710$714 June, 04:20
LOWERREG$7,7110$5614 June, 04:25
LOWER60SEC$3,3930$114 June, 04:20
RAISE60SEC$3,3340$314 June, 04:10
RAISE5MIN$4270$314 June, 04:10
LOWER5MIN$3680$314 June, 04:20
Total$573,648

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

Battery dispatch

Peak moment

Fleet discharged 806 MW at 18:00 as NSW spot hit $90/MWh.

Peak moment

Fleet discharged 1,319 MW at 18:00 as QLD spot hit $87/MWh.

Peak moment

Fleet discharged 682 MW at 18:00 as VIC spot hit $83/MWh.

Peak moment

Fleet discharged 305 MW at 19:00 as SA spot hit $75/MWh.

Peak moment

Fleet discharged 3,091 MW at 18:00 as TAS spot hit $76/MWh.

Discharged
1,991MWh
peak 806 MW · 18:00
Charged
1,380MWh
peak 450 MW
Net
+611MWh
discharge − charge
Round-trip
144%
discharge / charge ratio
Discharged
4,076MWh
peak 1,319 MW · 18:00
Charged
5,177MWh
peak 1,276 MW
Net
-1,101MWh
discharge − charge
Round-trip
79%
discharge / charge ratio
Discharged
2,489MWh
peak 682 MW · 18:00
Charged
3,300MWh
peak 659 MW
Net
-812MWh
discharge − charge
Round-trip
75%
discharge / charge ratio
Discharged
1,304MWh
peak 305 MW · 19:00
Charged
1,676MWh
peak 311 MW
Net
-372MWh
discharge − charge
Round-trip
78%
discharge / charge ratio
NEM-wide
Discharged
9,859MWh
peak 3,091 MW · 18:00
Charged
11,533MWh
peak 2,187 MW
Net
-1,674MWh
discharge − charge
Round-trip
85%
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$10023:3006:3713:4520:5204:00

Regional dispatch ranking

RegionDischargedNet
#1QLD
4,076MWh
-1,101
#2VIC
2,489MWh
-812
#3NSW
1,991MWh
+611
#4SA
1,304MWh
-372

Generation Mix

TOP FUEL 68.4%
  • Coal68.4% · 119.0 GWh
  • Gas1.4% · 2.4 GWh
  • Hydro5.9% · 10.3 GWh
  • Wind9.3% · 16.2 GWh
  • Solar (utility)6.5% · 11.3 GWh
  • Solar (rooftop)6.6% · 11.5 GWh
  • Battery1.1% · 2.0 GWh
  • Other0.8% · 1.4 GWh
TOP FUEL 53.5%
  • Coal53.5% · 97.8 GWh
  • Gas7.7% · 14.1 GWh
  • Hydro3.0% · 5.5 GWh
  • Wind10.0% · 18.3 GWh
  • Solar (utility)11.5% · 21.1 GWh
  • Solar (rooftop)12.0% · 21.8 GWh
  • Battery2.2% · 4.1 GWh
TOP FUEL 67.3%
  • Coal67.3% · 111.0 GWh
  • Gas4.8% · 7.9 GWh
  • Hydro7.1% · 11.7 GWh
  • Wind8.2% · 13.5 GWh
  • Solar (utility)4.6% · 7.6 GWh
  • Solar (rooftop)6.6% · 10.8 GWh
  • Battery1.5% · 2.5 GWh
TOP FUEL 54.6%
  • Gas22.3% · 9.5 GWh
  • Wind54.6% · 23.4 GWh
  • Solar (utility)4.3% · 1.8 GWh
  • Solar (rooftop)15.8% · 6.8 GWh
  • Battery3.0% · 1.3 GWh
TOP FUEL 77.6%
  • Gas2.7% · 0.8 GWh
  • Hydro77.6% · 23.6 GWh
  • Wind17.4% · 5.3 GWh
  • Solar (rooftop)2.3% · 0.7 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:009.5 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:009.4 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:008.0 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:002.4 GW 0
gashydrowindsolar rooftop
23:3005:3711:4517:5200:001.5 GW 0

Renewables

NSW · Daily renewable share
25.0%
VIC · Daily renewable share
30.8%
QLD · Daily renewable share
42.0%
SA · Daily renewable share
82.1%
TAS · Daily renewable share
97.1%
Peak instantaneous
60.2%
at 11:40
Daily NEM-wide share
37.7%
By region (daily share)
  • NSW
    25.0%
  • VIC
    30.8%
  • QLD
    42.0%
  • SA
    82.1%
  • TAS
    97.1%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +24.8 GWh 4 —
NSW1-QLD1 −49.7 GWh 0 —
VIC1-NSW1 +22.5 GWh 16 —
V-SA +6.9 GWh 5 —
T-V-MNSP1 −25 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
337.2k tCO₂
▼ 4.0% vs same day last week
Intensity by region
NSW 106.8k tCO₂ 0.626 tCO₂/MWh
QLD 91.8k tCO₂ 0.505 tCO₂/MWh
SA 4.3k tCO₂ 0.101 tCO₂/MWh
VIC 133.7k tCO₂ 0.821 tCO₂/MWh
TAS 544 tCO₂ 0.018 tCO₂/MWh