NEM
NEM Daily analysis

Tuesday 11 August 2026

Trading day 2026-08-11

Market Snapshot

South Australia average price falls to 28.6 dollars amid negative intervals

Regional price spreads were significant with Queensland and South Australia experiencing 142 and 178 negative intervals respectively. New South Wales saw the highest average price of 65.9 dollars per megawatt hour and a demand peak of 10,311 megawatts at 18:45. Tasmania recorded the highest single interval price of 320.2 dollars per megawatt hour during the morning.

Renewables contributed 47.6% of the total energy mix with wind providing 23.2% and combined solar reaching 17.5%. Coal remained the primary generation source at 49.3% while gas dispatch was limited to 1.6% of the total mix. Batteries discharged 18,829 megawatt hours into the grid with a net consumption of 2,984 megawatt hours.

FCAS costs were concentrated in Tasmania where Raise Regulation and Lower Regulation services reached peak prices of 238 and 89 dollars. Interconnector flows showed significant movement from New South Wales into Queensland and from Victoria into South Australia. Total daily emissions were recorded at 330,811 tonnes of carbon dioxide.

Today · Forward 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 51.7 dollars sits well below the 77.33 dollar weekly average, extending a low-price trend established over the last four days. This price softening coincided with a 13.4% drop in emissions and a high 47.6% renewable share, despite coal still providing nearly half of total generation.

NSW $66VIC $39QLD $56SA $29TAS $44
Numbers-only recap · gemini-3-flash-preview

Prices

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

NSW VIC QLD SA TAS
$0 $25 $50 $75 $100 -$10 $18 $45 $73 $100 -$10 $30 $70 $110 $150 -$10 $18 $45 $73 $100 -$10 $25 $60 $95 $130 04:00 10:00 16:00 22:00 04:00
Region Avg VWAP Min Max Neg Cap
NSW $66 $69 $5 $99 0 0
QLD $56 $65 -$11 $291 142 0
SA $29 $32 -$7 $101 178 0
VIC $39 $42 -$0 $92 30 0
TAS $44 $47 -$0 $320 28 0

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

Demand

NSW
Peak
10,311MW
18:45
Trough
5,602MW
13:20
Energy
383.3GWh
QLD
Peak
7,721MW
18:05
Trough
3,522MW
12:45
Energy
278.9GWh
SA
Peak
2,039MW
20:05
Trough
1,062MW
15:15
Energy
74.0GWh
VIC
Peak
8,209MW
18:05
Trough
4,872MW
03:55
Energy
310.5GWh
TAS
Peak
1,376MW
08:00
Trough
953MW
02:00
Energy
52.9GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$4,9240$1211 Aug, 15:30
LOWERREG$8860$811 Aug, 15:00
LOWER60SEC$2530$111 Aug, 14:30
RAISE6SEC$1600$011 Aug, 20:00
LOWER5MIN$1440$011 Aug, 15:10
RAISE60SEC$1130$011 Aug, 17:30
LOWER6SEC$970$011 Aug, 11:10
RAISE5MIN$500$011 Aug, 18:25
Total$6,626

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

ServiceCostSpikesPeakWhen
RAISEREG$6,0690$1211 Aug, 15:30
LOWERREG$4,3430$811 Aug, 15:00
LOWER60SEC$6730$111 Aug, 14:30
RAISE6SEC$2340$011 Aug, 20:00
LOWER5MIN$2050$011 Aug, 15:10
LOWER6SEC$2040$011 Aug, 11:10
RAISE60SEC$1490$011 Aug, 17:30
RAISE5MIN$350$011 Aug, 18:25
Total$11,912

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

ServiceCostSpikesPeakWhen
RAISEREG$10,0470$1211 Aug, 15:30
LOWERREG$3,1420$811 Aug, 15:00
LOWER60SEC$4790$111 Aug, 14:30
RAISE6SEC$4530$011 Aug, 20:00
RAISE60SEC$4400$011 Aug, 17:30
RAISE5MIN$1440$011 Aug, 18:25
LOWER5MIN$990$011 Aug, 15:10
LOWER6SEC$960$011 Aug, 11:10
Total$14,900

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

ServiceCostSpikesPeakWhen
RAISEREG$4,1220$1211 Aug, 15:30
LOWERREG$3,5480$811 Aug, 15:00
LOWER60SEC$5010$111 Aug, 14:30
RAISE6SEC$3780$011 Aug, 20:00
RAISE60SEC$2980$011 Aug, 17:30
LOWER6SEC$1610$011 Aug, 11:10
LOWER5MIN$1310$011 Aug, 15:10
RAISE5MIN$1060$011 Aug, 18:25
Total$9,244

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

ServiceCostSpikesPeakWhen
LOWERREG$33,2380$8912 Aug, 02:45
RAISEREG$13,9870$23811 Aug, 21:35
RAISE6SEC$8,0470$27911 Aug, 17:00
RAISE60SEC$6960$011 Aug, 04:45
LOWER6SEC$6480$2511 Aug, 16:05
LOWER60SEC$2510$311 Aug, 09:15
LOWER5MIN$330$011 Aug, 15:10
RAISE5MIN$330$011 Aug, 09:10
Total$56,934

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

Battery dispatch

Peak moment

Fleet discharged 1,604 MW at 18:30 as NSW spot hit $84/MWh.

Peak moment

Fleet discharged 1,105 MW at 18:30 as QLD spot hit $90/MWh.

Peak moment

Fleet discharged 1,053 MW at 19:00 as VIC spot hit $78/MWh.

Peak moment

Fleet discharged 403 MW at 19:00 as SA spot hit $74/MWh.

Peak moment

Fleet discharged 4,047 MW at 18:30 as TAS spot hit $74/MWh.

Discharged
6,800MWh
peak 1,604 MW · 18:30
Charged
7,855MWh
peak 1,567 MW
Net
-1,054MWh
discharge − charge
Round-trip
87%
discharge / charge ratio
Discharged
5,589MWh
peak 1,105 MW · 18:30
Charged
6,398MWh
peak 1,047 MW
Net
-809MWh
discharge − charge
Round-trip
87%
discharge / charge ratio
Discharged
4,770MWh
peak 1,053 MW · 19:00
Charged
5,515MWh
peak 1,182 MW
Net
-744MWh
discharge − charge
Round-trip
87%
discharge / charge ratio
Discharged
1,670MWh
peak 403 MW · 19:00
Charged
2,046MWh
peak 408 MW
Net
-377MWh
discharge − charge
Round-trip
82%
discharge / charge ratio
NEM-wide
Discharged
18,829MWh
peak 4,047 MW · 18:30
Charged
21,813MWh
peak 3,676 MW
Net
-2,984MWh
discharge − charge
Round-trip
86%
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 GW6.0 GW-$50$0$50$100$15023:3006:3713:4520:5204:00

Regional dispatch ranking

RegionDischargedNet
#1NSW
6,800MWh
-1,054
#2QLD
5,589MWh
-809
#3VIC
4,770MWh
-744
#4SA
1,670MWh
-377

Generation Mix

TOP FUEL 53.7%
  • Coal53.7% · 116.4 GWh
  • Gas0.5% · 1.1 GWh
  • Hydro4.3% · 9.4 GWh
  • Wind19.3% · 41.8 GWh
  • Solar (utility)6.0% · 12.9 GWh
  • Solar (rooftop)13.1% · 28.5 GWh
  • Battery3.1% · 6.8 GWh
TOP FUEL 58.2%
  • Coal58.2% · 116.9 GWh
  • Gas2.4% · 4.8 GWh
  • Hydro1.9% · 3.8 GWh
  • Wind7.5% · 15.0 GWh
  • Solar (utility)11.0% · 22.1 GWh
  • Solar (rooftop)16.0% · 32.1 GWh
  • Battery2.8% · 5.6 GWh
  • Other0.3% · 0.6 GWh
TOP FUEL 56.1%
  • Coal56.1% · 102.3 GWh
  • Hydro2.9% · 5.3 GWh
  • Wind30.7% · 56.0 GWh
  • Solar (utility)2.3% · 4.3 GWh
  • Solar (rooftop)5.3% · 9.7 GWh
  • Battery2.6% · 4.8 GWh
TOP FUEL 76.2%
  • Gas3.5% · 1.8 GWh
  • Wind76.2% · 38.5 GWh
  • Solar (utility)4.3% · 2.2 GWh
  • Solar (rooftop)12.7% · 6.4 GWh
  • Battery3.3% · 1.7 GWh
TOP FUEL 63.4%
  • Gas10.3% · 3.1 GWh
  • Hydro63.4% · 19.2 GWh
  • Wind22.7% · 6.9 GWh
  • Solar (rooftop)3.6% · 1.1 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:0011.9 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:0010.1 GW 0
coalhydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:009.5 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:002.9 GW 0
gashydrowindsolar rooftop
23:3005:3711:4517:5200:001.7 GW 0

Renewables

NSW · Daily renewable share
41.3%
VIC · Daily renewable share
45.0%
QLD · Daily renewable share
43.2%
SA · Daily renewable share
106.7%
TAS · Daily renewable share
86.9%
Peak instantaneous
71.2%
at 12:40
Daily NEM-wide share
47.6%
By region (daily share)
  • NSW
    41.3%
  • VIC
    45.0%
  • QLD
    43.2%
  • SA
    106.7%
  • TAS
    86.9%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +22.3 GWh 11
NSW1-QLD1 −39.3 GWh 2
VIC1-NSW1 +12.6 GWh 24
V-SA +14.0 GWh 7
T-V-MNSP1 −5.2 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
330.8k tCO₂
▼ 13.4% vs same day last week
Intensity by region
NSW 102.0k tCO₂ 0.462 tCO₂/MWh
QLD 105.2k tCO₂ 0.516 tCO₂/MWh
SA 828 tCO₂ 0.016 tCO₂/MWh
VIC 120.9k tCO₂ 0.658 tCO₂/MWh
TAS 1.9k tCO₂ 0.063 tCO₂/MWh