NEM
NEM Daily analysis

Friday 7 August 2026

Trading day 2026-08-07

Market Snapshot

New South Wales records highest average price amid morning demand peaks

Regional average prices ranged from $67.20/MWh in South Australia and Tasmania to $89.30/MWh in New South Wales. Victoria recorded the highest single interval price of $176.50/MWh while South Australia saw the lowest dip at -$7.00/MWh. Negative pricing was most prevalent in South Australia and Queensland which combined for 132 negative intervals during the day.

Demand peaked earliest in New South Wales at 10,968 MW during the 07:35 interval followed closely by Victoria at 7,733 MW. Queensland reached its maximum demand of 7,468 MW later in the evening at 17:55. Total system energy consumption was led by New South Wales at 417.9 GWh for the 24-hour period.

Renewable generation achieved an instantaneous peak of 70.0% at 13:20 driven by a combined solar contribution of 20.4%. Wind and hydro generation provided 6.9% and 9.1% of the total mix respectively. Battery storage assets discharged 23,304 MWh to the grid representing 3.4% of the total generation share.

FCAS costs were concentrated in Tasmania where Raise Regulation services peaked at $80.00/MWh. Total emissions for the NEM were 377,361 tCO2 which represents a 7.8% decrease compared to the same day last week. Interconnector flows showed significant movement from Queensland into New South Wales via the NSW1-QLD1 link.

Today · Predispatch forecasts indicate a price peak of $319.04/MWh in Queensland at 19:30 while other regions expect maximums below $150.00/MWh.

Why it matters · The daily average of $83.80/MWh sits slightly below the 7-day average of $84.94/MWh and breaks a three-day trend of rising prices. This price softening occurred alongside a 7.8% reduction in emissions and a high frequency of negative intervals in northern and southern regions.

NSW $89VIC $73QLD $72SA $67TAS $67
Numbers-only recap · gemini-3-flash-preview

Prices

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

NSW VIC QLD SA TAS
-$10 $33 $75 $118 $160 -$10 $33 $75 $118 $160 -$10 $28 $65 $103 $140 -$10 $33 $75 $118 $160 -$10 $30 $70 $110 $150 04:00 10:00 16:00 22:00 04:00
Region Avg VWAP Min Max Neg Cap
NSW $89 $95 -$4 $167 14 0
QLD $72 $79 -$4 $140 64 0
SA $67 $76 -$7 $167 68 0
VIC $73 $80 -$5 $176 30 0
TAS $67 $71 -$1 $158 16 0

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

Demand

NSW
Peak
10,968MW
07:35
Trough
6,124MW
13:45
Energy
417.9GWh
QLD
Peak
7,468MW
17:55
Trough
3,948MW
12:50
Energy
284.4GWh
SA
Peak
1,910MW
08:15
Trough
560MW
13:40
Energy
65.8GWh
VIC
Peak
7,733MW
07:45
Trough
4,511MW
14:15
Energy
287.2GWh
TAS
Peak
1,422MW
08:00
Trough
1,024MW
03:40
Energy
57.1GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$3,8160$207 Aug, 16:15
LOWERREG$1,3370$147 Aug, 16:05
RAISE6SEC$1780$07 Aug, 22:40
LOWER60SEC$1370$07 Aug, 13:45
RAISE60SEC$1290$07 Aug, 22:40
LOWER5MIN$1000$07 Aug, 15:45
RAISE5MIN$570$07 Aug, 22:40
LOWER6SEC$450$07 Aug, 13:45
Total$5,799

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

ServiceCostSpikesPeakWhen
RAISEREG$9,9030$207 Aug, 16:15
LOWERREG$4,8850$147 Aug, 16:05
LOWER60SEC$3960$07 Aug, 13:45
RAISE6SEC$3840$07 Aug, 22:40
RAISE60SEC$2170$07 Aug, 22:40
LOWER5MIN$1990$07 Aug, 15:45
LOWER6SEC$900$07 Aug, 13:45
RAISE5MIN$620$07 Aug, 22:40
Total$16,137

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

ServiceCostSpikesPeakWhen
RAISEREG$9,0090$207 Aug, 16:15
LOWERREG$3,6320$147 Aug, 16:05
RAISE6SEC$3670$07 Aug, 22:40
RAISE60SEC$3410$07 Aug, 22:40
LOWER60SEC$2610$07 Aug, 13:45
RAISE5MIN$1130$07 Aug, 22:40
LOWER5MIN$850$07 Aug, 15:45
LOWER6SEC$530$07 Aug, 13:45
Total$13,862

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

ServiceCostSpikesPeakWhen
RAISEREG$6,7210$207 Aug, 16:15
LOWERREG$3,8570$147 Aug, 16:05
RAISE6SEC$3400$07 Aug, 22:40
LOWER60SEC$2660$07 Aug, 13:45
RAISE60SEC$2600$07 Aug, 22:40
LOWER5MIN$1610$07 Aug, 15:45
LOWER6SEC$950$07 Aug, 13:45
RAISE5MIN$840$07 Aug, 22:40
Total$11,785

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

ServiceCostSpikesPeakWhen
RAISEREG$11,8580$807 Aug, 10:45
LOWERREG$4,3850$458 Aug, 00:50
RAISE6SEC$6030$37 Aug, 09:55
RAISE60SEC$4500$07 Aug, 09:50
LOWER60SEC$1490$07 Aug, 10:00
LOWER6SEC$1330$07 Aug, 10:00
RAISE5MIN$360$07 Aug, 09:55
LOWER5MIN$170$07 Aug, 14:35
Total$17,630

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

Battery dispatch

Peak moment

Fleet discharged 1,432 MW at 18:30 as NSW spot hit $136/MWh.

Peak moment

Fleet discharged 1,153 MW at 18:00 as QLD spot hit $126/MWh.

Peak moment

Fleet discharged 902 MW at 19:30 as VIC spot hit $106/MWh.

Peak moment

Fleet discharged 362 MW at 18:30 as SA spot hit $113/MWh.

Peak moment

Fleet discharged 3,747 MW at 18:30 as TAS spot hit $113/MWh.

Discharged
8,711MWh
peak 1,432 MW · 18:30
Charged
8,671MWh
peak 1,469 MW
Net
+40MWh
discharge − charge
Round-trip
100%
discharge / charge ratio
Discharged
5,952MWh
peak 1,153 MW · 18:00
Charged
6,758MWh
peak 1,508 MW
Net
-806MWh
discharge − charge
Round-trip
88%
discharge / charge ratio
Discharged
6,625MWh
peak 902 MW · 19:30
Charged
6,490MWh
peak 1,160 MW
Net
+135MWh
discharge − charge
Round-trip
102%
discharge / charge ratio
Discharged
2,016MWh
peak 362 MW · 18:30
Charged
1,810MWh
peak 644 MW
Net
+206MWh
discharge − charge
Round-trip
111%
discharge / charge ratio
NEM-wide
Discharged
23,304MWh
peak 3,747 MW · 18:30
Charged
23,729MWh
peak 4,196 MW
Net
-425MWh
discharge − charge
Round-trip
98%
discharge / charge ratio

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

Net MWdischarge ↑ · charge ↓NSWQLDVICSATAS$/MWh
-6.0 GW-4.0 GW-2.0 GW0 MW2.0 GW4.0 GW-$50$0$50$100$15023:3006:3713:4520:5204:00

Regional dispatch ranking

RegionDischargedNet
#1NSW
8,711MWh
+40
#2VIC
6,625MWh
+135
#3QLD
5,952MWh
-806
#4SA
2,016MWh
+206

Generation Mix

TOP FUEL 62.8%
  • Coal62.8% · 142.8 GWh
  • Gas1.2% · 2.6 GWh
  • Hydro2.2% · 5.1 GWh
  • Wind4.8% · 10.9 GWh
  • Solar (utility)12.1% · 27.6 GWh
  • Solar (rooftop)12.7% · 28.9 GWh
  • Battery3.8% · 8.7 GWh
  • Other0.4% · 0.9 GWh
TOP FUEL 60.5%
  • Coal60.5% · 125.6 GWh
  • Gas5.9% · 12.2 GWh
  • Hydro1.5% · 3.1 GWh
  • Wind4.0% · 8.4 GWh
  • Solar (utility)11.1% · 23.0 GWh
  • Solar (rooftop)14.0% · 29.0 GWh
  • Battery2.9% · 6.0 GWh
  • Other0.2% · 0.4 GWh
TOP FUEL 62.3%
  • Coal62.3% · 103.5 GWh
  • Gas1.8% · 3.0 GWh
  • Hydro13.0% · 21.5 GWh
  • Wind6.2% · 10.3 GWh
  • Solar (utility)4.2% · 7.0 GWh
  • Solar (rooftop)8.4% · 13.9 GWh
  • Battery4.0% · 6.6 GWh
  • Other0.1% · 0.2 GWh
TOP FUEL 40.6%
  • Gas40.6% · 19.7 GWh
  • Wind33.6% · 16.3 GWh
  • Solar (utility)4.5% · 2.2 GWh
  • Solar (rooftop)16.7% · 8.1 GWh
  • Battery4.2% · 2.0 GWh
  • Other0.4% · 0.2 GWh
TOP FUEL 82.1%
  • Gas11.4% · 4.6 GWh
  • Hydro82.1% · 33.1 GWh
  • Wind4.0% · 1.6 GWh
  • Solar (rooftop)2.5% · 1.0 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:0011.7 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:009.8 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:008.5 GW 0
gasbattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:002.7 GW 0
gashydrowindsolar rooftop
23:3005:3711:4517:5200:002.0 GW 0

Renewables

NSW · Daily renewable share
32.6%
VIC · Daily renewable share
35.3%
QLD · Daily renewable share
38.1%
SA · Daily renewable share
65.9%
TAS · Daily renewable share
107.3%
Peak instantaneous
70.0%
at 13:20
Daily NEM-wide share
38.2%
By region (daily share)
  • NSW
    32.6%
  • VIC
    35.3%
  • QLD
    38.1%
  • SA
    65.9%
  • TAS
    107.3%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +37.1 GWh 0
NSW1-QLD1 −51.6 GWh 2
VIC1-NSW1 −3.3 GWh 17
V-SA +13.2 GWh 5
T-V-MNSP1 +10.5 GWh 2

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
377.4k tCO₂
▼ 7.8% vs same day last week
Intensity by region
NSW 125.8k tCO₂ 0.541 tCO₂/MWh
QLD 115.4k tCO₂ 0.548 tCO₂/MWh
SA 9.4k tCO₂ 0.191 tCO₂/MWh
VIC 124.0k tCO₂ 0.733 tCO₂/MWh
TAS 2.7k tCO₂ 0.069 tCO₂/MWh