NEM
NEM Daily analysis

Wednesday 5 August 2026

Trading day 2026-08-05

Market Snapshot

Regional price divergence as South Australia averages 166.60 dollars per megawatt hour

Regional pricing showed significant variance with South Australia averaging 166.60 dollars per megawatt hour while Queensland remained the lowest at 78.10 dollars. Queensland experienced 150 negative price intervals during the day, whereas South Australia, Victoria, and Tasmania saw no negative pricing. Maximum prices peaked between 212.10 dollars in Queensland and 359.40 dollars in South Australia.

Demand peaks occurred predominantly in the evening between 18:20 and 19:10 across the mainland regions. New South Wales reached the highest demand of 11,319 megawatts at 18:35, followed by Victoria at 8,508 megawatts. Tasmania was the only region to peak in the morning, recording 1,412 megawatts at 07:55.

Renewable generation reached an instantaneous peak of 64.7 percent at 11:45, though the daily average share was lower at 37.2 percent. Solar rooftop and utility solar combined for 17.3 percent of the mix, while wind and hydro contributed 8.6 percent and 9.8 percent respectively. Batteries discharged 21,209 megawatt hours, representing 3.0 percent of total generation.

Frequency Control Ancillary Services costs were highest for Raise Regulation in Tasmania, which peaked at 63.00 dollars. Total emissions for the trading day reached 397,126 tonnes of carbon dioxide. Interconnector flows showed significant movement from Queensland to New South Wales and from Tasmania into Victoria.

Today · Forecasts indicate a peak price 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 121.60 dollars sits 43.4 percent above the 7-day average, extending a three-day rising trend. This price elevation occurred alongside a 15.8 percent weekly increase in emissions and a relatively low 37.2 percent renewable share.

NSW $110VIC $137QLD $78SA $167TAS $122
Numbers-only recap · gemini-3-flash-preview

Prices

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

NSW VIC QLD SA TAS
$0 $55 $110 $165 $220 $0 $60 $120 $180 $240 -$10 $40 $90 $140 $190 $0 $73 $145 $218 $290 $0 $53 $105 $158 $210 04:00 10:00 16:00 22:00 04:00
Region Avg VWAP Min Max Neg Cap
NSW $110 $118 -$19 $241 10 0
QLD $78 $89 -$25 $212 150 0
SA $167 $171 $98 $359 0 0
VIC $137 $141 $63 $275 0 0
TAS $122 $123 $13 $247 0 0

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

Demand

NSW
Peak
11,319MW
18:35
Trough
6,288MW
13:00
Energy
422.0GWh
QLD
Peak
7,681MW
18:30
Trough
3,807MW
12:25
Energy
284.8GWh
SA
Peak
2,387MW
19:10
Trough
1,411MW
04:00
Energy
88.5GWh
VIC
Peak
8,508MW
18:20
Trough
5,117MW
04:20
Energy
327.1GWh
TAS
Peak
1,412MW
07:55
Trough
973MW
13:35
Energy
55.4GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$3,4810$205 Aug, 16:05
LOWERREG$7390$55 Aug, 13:35
RAISE6SEC$1130$05 Aug, 06:50
LOWER60SEC$850$05 Aug, 14:40
RAISE60SEC$820$05 Aug, 07:05
LOWER6SEC$550$05 Aug, 15:25
LOWER5MIN$420$05 Aug, 15:25
RAISE5MIN$400$05 Aug, 07:00
Total$4,637

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

ServiceCostSpikesPeakWhen
RAISEREG$13,2060$205 Aug, 16:05
LOWERREG$3,1220$55 Aug, 13:35
RAISE6SEC$3560$05 Aug, 06:50
LOWER60SEC$2160$05 Aug, 14:40
RAISE60SEC$1880$05 Aug, 07:05
LOWER6SEC$1080$05 Aug, 15:25
RAISE5MIN$740$05 Aug, 07:00
LOWER5MIN$500$05 Aug, 15:25
Total$17,320

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

ServiceCostSpikesPeakWhen
RAISEREG$11,3870$205 Aug, 16:05
LOWERREG$3,1450$55 Aug, 13:35
RAISE60SEC$2810$05 Aug, 07:05
RAISE6SEC$2460$05 Aug, 06:50
LOWER60SEC$1840$05 Aug, 14:40
LOWER6SEC$1220$05 Aug, 15:25
RAISE5MIN$1090$05 Aug, 07:00
LOWER5MIN$670$05 Aug, 15:25
Total$15,541

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

ServiceCostSpikesPeakWhen
RAISEREG$7,0030$205 Aug, 16:05
LOWERREG$2,8290$55 Aug, 13:35
RAISE6SEC$6580$05 Aug, 09:20
RAISE60SEC$4880$05 Aug, 09:35
RAISE5MIN$2600$05 Aug, 09:35
LOWER60SEC$2450$05 Aug, 14:40
LOWER6SEC$1660$05 Aug, 15:25
LOWER5MIN$1020$05 Aug, 15:25
Total$11,750

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

ServiceCostSpikesPeakWhen
RAISEREG$10,1230$635 Aug, 09:40
LOWERREG$2,5390$25 Aug, 16:25
LOWER6SEC$10$05 Aug, 15:25
LOWER5MIN$00$05 Aug, 15:25
RAISE6SEC$00$05 Aug, 06:50
RAISE60SEC$00$05 Aug, 07:05
RAISE5MIN$00$05 Aug, 07:00
LOWER60SEC$00$05 Aug, 14:40
Total$12,664

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

Battery dispatch

Peak moment

Fleet discharged 1,426 MW at 07:30 as NSW spot hit $137/MWh.

Peak moment

Fleet discharged 1,292 MW at 18:00 as QLD spot hit $173/MWh.

Peak moment

Fleet discharged 846 MW at 07:30 as VIC spot hit $130/MWh.

Peak moment

Fleet discharged 226 MW at 20:00 as SA spot hit $175/MWh.

Peak moment

Fleet discharged 3,256 MW at 07:30 as TAS spot hit $117/MWh.

Discharged
8,997MWh
peak 1,426 MW · 07:30
Charged
8,886MWh
peak 1,415 MW
Net
+111MWh
discharge − charge
Round-trip
101%
discharge / charge ratio
Discharged
6,200MWh
peak 1,292 MW · 18:00
Charged
7,187MWh
peak 1,208 MW
Net
-986MWh
discharge − charge
Round-trip
86%
discharge / charge ratio
Discharged
4,567MWh
peak 846 MW · 07:30
Charged
4,810MWh
peak 712 MW
Net
-243MWh
discharge − charge
Round-trip
95%
discharge / charge ratio
Discharged
1,444MWh
peak 226 MW · 20:00
Charged
961MWh
peak 237 MW
Net
+483MWh
discharge − charge
Round-trip
150%
discharge / charge ratio
NEM-wide
Discharged
21,209MWh
peak 3,256 MW · 07:30
Charged
21,843MWh
peak 3,088 MW
Net
-634MWh
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-$100$0$100$200$30023:3006:3713:4520:5204:00

Regional dispatch ranking

RegionDischargedNet
#1NSW
8,997MWh
+111
#2QLD
6,200MWh
-986
#3VIC
4,567MWh
-243
#4SA
1,444MWh
+483

Generation Mix

TOP FUEL 58.9%
  • Coal58.9% · 139.3 GWh
  • Gas1.7% · 3.9 GWh
  • Hydro4.0% · 9.5 GWh
  • Wind9.4% · 22.3 GWh
  • Solar (utility)10.2% · 24.0 GWh
  • Solar (rooftop)11.5% · 27.2 GWh
  • Battery3.8% · 9.0 GWh
  • Other0.4% · 1.0 GWh
TOP FUEL 62.9%
  • Coal62.9% · 129.7 GWh
  • Gas2.4% · 5.0 GWh
  • Hydro2.1% · 4.4 GWh
  • Wind5.0% · 10.4 GWh
  • Solar (utility)10.2% · 21.0 GWh
  • Solar (rooftop)14.3% · 29.4 GWh
  • Battery3.0% · 6.2 GWh
  • Other0.1% · 0.2 GWh
TOP FUEL 61.4%
  • Coal61.4% · 114.0 GWh
  • Gas4.9% · 9.1 GWh
  • Hydro12.4% · 23.0 GWh
  • Wind10.8% · 20.0 GWh
  • Solar (utility)3.5% · 6.6 GWh
  • Solar (rooftop)4.5% · 8.4 GWh
  • Battery2.5% · 4.6 GWh
TOP FUEL 64.8%
  • Gas64.8% · 26.2 GWh
  • Wind17.9% · 7.2 GWh
  • Solar (utility)2.9% · 1.2 GWh
  • Solar (rooftop)9.6% · 3.9 GWh
  • Battery3.6% · 1.4 GWh
  • Other1.2% · 0.5 GWh
TOP FUEL 81.5%
  • Gas13.5% · 5.4 GWh
  • Hydro81.5% · 32.7 GWh
  • Wind2.5% · 1.0 GWh
  • Solar (rooftop)2.6% · 1.0 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:0012.3 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:0010.1 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:009.1 GW 0
gasbattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:002.4 GW 0
gashydrowindsolar rooftop
23:3005:3711:4517:5200:001.9 GW 0

Renewables

NSW · Daily renewable share
36.1%
VIC · Daily renewable share
34.5%
QLD · Daily renewable share
39.2%
SA · Daily renewable share
27.2%
TAS · Daily renewable share
112.1%
Peak instantaneous
64.7%
at 11:45
Daily NEM-wide share
37.2%
By region (daily share)
  • NSW
    36.1%
  • VIC
    34.5%
  • QLD
    39.2%
  • SA
    27.2%
  • TAS
    112.1%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +40.7 GWh 2
NSW1-QLD1 −38.3 GWh 2
VIC1-NSW1 +376 MWh 30
V-SA −16.1 GWh 10
T-V-MNSP1 +19.4 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
397.1k tCO₂
▲ 15.8% vs same day last week
Intensity by region
NSW 123.6k tCO₂ 0.512 tCO₂/MWh
QLD 116.1k tCO₂ 0.553 tCO₂/MWh
SA 13.3k tCO₂ 0.328 tCO₂/MWh
VIC 140.9k tCO₂ 0.754 tCO₂/MWh
TAS 3.3k tCO₂ 0.083 tCO₂/MWh