NEM
NEM Daily analysis

Tuesday 7 July 2026

Trading day 2026-07-07

Market Snapshot

Regional price divergence as Victoria averages highest daily price at 120.90 dollars

Regional price outcomes showed notable variation with Victoria and Tasmania averaging 120.90 and 110.50 dollars per megawatt hour respectively. South Australia experienced 26 negative intervals, reaching a minimum of -7.00 dollars, whereas New South Wales and Victoria saw no negative pricing throughout the day.

Peak demand occurred during the evening across most regions, led by New South Wales at 11,200 megawatts at 18:10. Total energy consumption for the day was highest in New South Wales at 433.1 gigawatt hours, followed by Victoria at 351.8 gigawatt hours.

Fossil fuels dominated the generation mix with coal at 56.6 percent and gas at 4.7 percent of total output. Combined solar and wind contributions reached 25.1 percent, while hydro generation added a further 11.1 percent to the daily energy supply.

Battery storage systems discharged 15,620 megawatt hours, resulting in a net consumption of 439 megawatt hours after charging. Total emissions for the NEM were 397,176 tonnes of carbon dioxide, representing a 6.3 percent increase compared to the same day last week.

Today · Forward projections indicate a price peak of 319.04 dollars in Queensland at 19:30 and 145.00 dollars in South Australia at 18:30.

Why it matters · The daily average of 98.10 dollars sits 49.3 percent above the 7-day average, extending a four-day upward trend in NEM prices. This price escalation occurred despite a healthy 37.3 percent renewable share, as high evening demand peaks coincided with coal providing over half of the total generation.

NSW $103VIC $121QLD $76SA $101TAS $111
Numbers-only recap · gemini-3-flash-preview

Prices

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

NSW VIC QLD SA TAS
$0 $38 $75 $113 $150 $0 $45 $90 $135 $180 $0 $33 $65 $98 $130 -$10 $38 $85 $133 $180 $0 $43 $85 $128 $170 04:00 10:00 16:00 22:00 04:00
Region Avg VWAP Min Max Neg Cap
NSW $103 $105 $0 $148 0 0
QLD $76 $80 -$2 $140 2 0
SA $101 $101 -$7 $181 26 0
VIC $121 $123 $81 $188 0 0
TAS $111 $112 $78 $172 0 0

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

Demand

NSW
Peak
11,200MW
18:10
Trough
7,363MW
03:20
Energy
433.1GWh
QLD
Peak
7,834MW
18:05
Trough
4,467MW
11:00
Energy
292.6GWh
SA
Peak
2,127MW
19:30
Trough
714MW
13:20
Energy
71.7GWh
VIC
Peak
9,020MW
17:55
Trough
5,426MW
03:45
Energy
351.8GWh
TAS
Peak
1,622MW
08:10
Trough
1,121MW
04:05
Energy
64.6GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$5,2630$208 July, 00:00
LOWERREG$8530$47 July, 05:00
RAISE6SEC$3020$07 July, 17:50
RAISE60SEC$2690$07 July, 17:55
RAISE5MIN$840$07 July, 17:55
LOWER60SEC$750$07 July, 15:10
LOWER5MIN$230$07 July, 13:45
LOWER6SEC$150$07 July, 15:20
Total$6,884

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

ServiceCostSpikesPeakWhen
RAISEREG$6,1880$208 July, 00:00
LOWERREG$2,3460$47 July, 05:00
RAISE6SEC$3620$07 July, 07:30
RAISE60SEC$1870$07 July, 07:25
LOWER60SEC$1220$07 July, 15:10
RAISE5MIN$440$07 July, 07:25
LOWER5MIN$270$07 July, 13:45
LOWER6SEC$180$07 July, 15:20
Total$9,294

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

ServiceCostSpikesPeakWhen
RAISEREG$8,1910$208 July, 00:00
LOWERREG$2,7790$47 July, 05:00
RAISE6SEC$5340$07 July, 17:50
RAISE60SEC$4700$07 July, 17:55
RAISE5MIN$1320$07 July, 17:55
LOWER60SEC$670$07 July, 15:10
LOWER5MIN$220$07 July, 13:45
LOWER6SEC$100$07 July, 15:20
Total$12,205

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

ServiceCostSpikesPeakWhen
LOWER60SEC$16,7630$507 July, 04:15
LOWERREG$4,4740$217 July, 04:10
RAISEREG$4,3350$208 July, 00:00
LOWER5MIN$3,9150$217 July, 04:10
LOWER6SEC$3,6030$57 July, 05:15
RAISE6SEC$5310$07 July, 17:50
RAISE60SEC$4070$07 July, 17:55
RAISE5MIN$1320$07 July, 17:55
Total$34,160

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

ServiceCostSpikesPeakWhen
RAISEREG$39,4960$857 July, 17:45
LOWERREG$3,3650$38 July, 01:50
RAISE6SEC$790$07 July, 17:50
RAISE60SEC$690$07 July, 04:05
RAISE5MIN$00$07 July, 17:55
LOWER6SEC$00$07 July, 15:20
LOWER60SEC$00$07 July, 15:10
LOWER5MIN$00$07 July, 13:45
Total$43,009

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

Battery dispatch

Peak moment

Fleet discharged 1,359 MW at 18:00 as NSW spot hit $139/MWh.

Peak moment

Fleet discharged 1,434 MW at 18:00 as QLD spot hit $111/MWh.

Peak moment

Fleet discharged 831 MW at 18:30 as VIC spot hit $155/MWh.

Peak moment

Fleet discharged 319 MW at 08:30 as SA spot hit $123/MWh.

Peak moment

Fleet discharged 3,740 MW at 18:00 as TAS spot hit $152/MWh.

Discharged
4,880MWh
peak 1,359 MW · 18:00
Charged
5,181MWh
peak 757 MW
Net
-302MWh
discharge − charge
Round-trip
94%
discharge / charge ratio
Discharged
5,218MWh
peak 1,434 MW · 18:00
Charged
5,852MWh
peak 1,480 MW
Net
-634MWh
discharge − charge
Round-trip
89%
discharge / charge ratio
Discharged
4,234MWh
peak 831 MW · 18:30
Charged
3,786MWh
peak 663 MW
Net
+448MWh
discharge − charge
Round-trip
112%
discharge / charge ratio
Discharged
1,288MWh
peak 319 MW · 08:30
Charged
1,240MWh
peak 319 MW
Net
+48MWh
discharge − charge
Round-trip
104%
discharge / charge ratio
NEM-wide
Discharged
15,620MWh
peak 3,740 MW · 18:00
Charged
16,059MWh
peak 2,024 MW
Net
-439MWh
discharge − charge
Round-trip
97%
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
#1QLD
5,218MWh
-634
#2NSW
4,880MWh
-302
#3VIC
4,234MWh
+448
#4SA
1,288MWh
+48

Generation Mix

TOP FUEL 69.5%
  • Coal69.5% · 155.8 GWh
  • Gas0.5% · 1.1 GWh
  • Hydro3.4% · 7.6 GWh
  • Wind7.7% · 17.4 GWh
  • Solar (utility)9.7% · 21.8 GWh
  • Solar (rooftop)6.8% · 15.3 GWh
  • Battery2.2% · 4.9 GWh
  • Other0.2% · 0.4 GWh
TOP FUEL 60.5%
  • Coal60.5% · 125.5 GWh
  • Gas3.4% · 7.0 GWh
  • Hydro2.9% · 5.9 GWh
  • Wind10.5% · 21.8 GWh
  • Solar (utility)9.4% · 19.5 GWh
  • Solar (rooftop)10.6% · 22.1 GWh
  • Battery2.5% · 5.2 GWh
  • Other0.3% · 0.6 GWh
TOP FUEL 65.6%
  • Coal65.6% · 114.6 GWh
  • Gas6.2% · 10.8 GWh
  • Hydro13.7% · 23.9 GWh
  • Wind3.4% · 5.9 GWh
  • Solar (utility)4.3% · 7.5 GWh
  • Solar (rooftop)4.2% · 7.4 GWh
  • Battery2.4% · 4.2 GWh
  • Other0.3% · 0.5 GWh
TOP FUEL 51.8%
  • Gas27.2% · 13.9 GWh
  • Wind51.8% · 26.5 GWh
  • Solar (utility)4.6% · 2.4 GWh
  • Solar (rooftop)13.8% · 7.1 GWh
  • Battery2.5% · 1.3 GWh
  • Other0.1% · 0.1 GWh
TOP FUEL 96.2%
  • Gas0.6% · 0.3 GWh
  • Hydro96.2% · 40.5 GWh
  • Wind1.3% · 0.5 GWh
  • Solar (rooftop)1.9% · 0.8 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:0011.6 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:0010.7 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:008.9 GW 0
gasbattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:002.5 GW 0
gashydrowindsolar rooftop
23:3005:3711:4517:5200:002.0 GW 0

Renewables

NSW · Daily renewable share
26.8%
VIC · Daily renewable share
25.5%
QLD · Daily renewable share
42.1%
SA · Daily renewable share
81.8%
TAS · Daily renewable share
120.7%
Peak instantaneous
59.1%
at 11:00
Daily NEM-wide share
37.3%
By region (daily share)
  • NSW
    26.8%
  • VIC
    25.5%
  • QLD
    42.1%
  • SA
    81.8%
  • TAS
    120.7%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +51.6 GWh 0 —
NSW1-QLD1 −41.3 GWh 0 —
VIC1-NSW1 −28.9 GWh 5 —
V-SA +9.3 GWh 18 —
T-V-MNSP1 +15.5 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
397.2k tCO₂
▲ 6.3% vs same day last week
Intensity by region
NSW 136.6k tCO₂ 0.606 tCO₂/MWh
QLD 111.4k tCO₂ 0.530 tCO₂/MWh
SA 6.5k tCO₂ 0.126 tCO₂/MWh
VIC 142.6k tCO₂ 0.813 tCO₂/MWh
TAS 169 tCO₂ 0.004 tCO₂/MWh