NEM
NEM Daily analysis

Sunday 27 September 2026

Trading day 2026-09-27

Prices

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

NSW VIC QLD SA TAS
$0 $28 $55 $83 $110 -$60 -$20 $20 $60 $100 -$10 $18 $45 $73 $100 -$150 -$87 -$25 $38 $100 -$70 -$27 $15 $58 $100 04:00 10:00 16:00 22:00 04:00
Region Avg VWAP Min Max Neg Cap
NSW $74 $75 $45 $99 0 0
QLD $43 $52 -$13 $89 200 0
SA -$4 $17 -$198 $61 286 0
VIC -$3 $3 -$60 $65 278 0
TAS $6 $9 -$64 $88 264 0

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

Demand

NSW
Peak
8,996MW
18:40
Trough
6,185MW
04:40
Energy
348.8GWh
QLD
Peak
7,190MW
18:40
Trough
2,677MW
10:50
Energy
241.1GWh
SA
Peak
1,626MW
19:20
Trough
3MW
13:05
Energy
49.2GWh
VIC
Peak
6,291MW
19:05
Trough
2,829MW
13:30
Energy
213.8GWh
TAS
Peak
1,278MW
19:00
Trough
812MW
13:30
Energy
50.1GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$5,0300$1028 Sept, 01:45
LOWERREG$2,0220$427 Sept, 14:45
LOWER60SEC$2960$127 Sept, 14:35
RAISE6SEC$2060$027 Sept, 09:30
RAISE60SEC$1820$027 Sept, 20:45
LOWER5MIN$1270$027 Sept, 14:35
LOWER6SEC$1110$027 Sept, 12:10
RAISE5MIN$520$027 Sept, 20:45
Total$8,027

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

ServiceCostSpikesPeakWhen
RAISEREG$5,7640$1028 Sept, 01:45
LOWERREG$3,5250$427 Sept, 14:45
LOWER60SEC$4100$127 Sept, 14:35
RAISE6SEC$3250$027 Sept, 09:30
RAISE60SEC$2570$027 Sept, 20:45
LOWER6SEC$1360$027 Sept, 12:10
LOWER5MIN$960$027 Sept, 14:35
RAISE5MIN$410$027 Sept, 20:45
Total$10,553

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

ServiceCostSpikesPeakWhen
RAISEREG$8,8820$1028 Sept, 01:45
LOWERREG$2,2130$427 Sept, 14:45
LOWER60SEC$4950$127 Sept, 14:35
RAISE6SEC$4460$027 Sept, 09:30
RAISE60SEC$4060$027 Sept, 20:45
LOWER6SEC$1370$027 Sept, 12:10
RAISE5MIN$1200$027 Sept, 20:45
LOWER5MIN$880$027 Sept, 14:35
Total$12,787

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

ServiceCostSpikesPeakWhen
LOWERREG$2,8570$427 Sept, 14:45
RAISEREG$2,7840$1028 Sept, 01:45
LOWER60SEC$4940$127 Sept, 14:35
RAISE6SEC$3680$027 Sept, 09:30
RAISE60SEC$3040$027 Sept, 20:45
LOWER6SEC$1790$027 Sept, 12:10
LOWER5MIN$970$027 Sept, 14:35
RAISE5MIN$740$027 Sept, 20:45
Total$7,157

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

ServiceCostSpikesPeakWhen
LOWERREG$10,0260$5827 Sept, 15:00
RAISEREG$9,7640$2827 Sept, 17:45
RAISE6SEC$1,0370$3027 Sept, 17:45
RAISE60SEC$6730$027 Sept, 04:05
LOWER60SEC$260$127 Sept, 14:35
LOWER6SEC$30$027 Sept, 12:10
LOWER5MIN$00$027 Sept, 14:35
RAISE5MIN$00$027 Sept, 20:45
Total$21,529

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

Battery dispatch

Peak moment

Fleet discharged 956 MW at 19:00 as NSW spot hit $77/MWh.

Peak moment

Fleet discharged 1,214 MW at 19:00 as QLD spot hit $76/MWh.

Peak moment

Fleet discharged 570 MW at 20:30 as VIC spot hit $31/MWh.

Peak moment

Fleet discharged 421 MW at 19:30 as SA spot hit $42/MWh.

Peak moment

Fleet discharged 2,937 MW at 19:00 as TAS spot hit $40/MWh.

Discharged
3,356MWh
peak 956 MW · 19:00
Charged
5,761MWh
peak 760 MW
Net
-2,406MWh
discharge − charge
Round-trip
58%
discharge / charge ratio
Discharged
5,242MWh
peak 1,214 MW · 19:00
Charged
6,477MWh
peak 1,348 MW
Net
-1,235MWh
discharge − charge
Round-trip
81%
discharge / charge ratio
Discharged
2,685MWh
peak 570 MW · 20:30
Charged
4,073MWh
peak 893 MW
Net
-1,388MWh
discharge − charge
Round-trip
66%
discharge / charge ratio
Discharged
1,225MWh
peak 421 MW · 19:30
Charged
1,869MWh
peak 455 MW
Net
-643MWh
discharge − charge
Round-trip
66%
discharge / charge ratio
NEM-wide
Discharged
12,508MWh
peak 2,937 MW · 19:00
Charged
18,179MWh
peak 2,481 MW
Net
-5,671MWh
discharge − charge
Round-trip
69%
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-$200-$100$0$10023:3006:3713:4520:5204:00

Regional dispatch ranking

RegionDischargedNet
#1QLD
5,242MWh
-1,235
#2NSW
3,356MWh
-2,406
#3VIC
2,685MWh
-1,388
#4SA
1,225MWh
-643

Generation Mix

TOP FUEL 55.1%
  • Coal55.1% · 101.3 GWh
  • Gas0.6% · 1.1 GWh
  • Hydro3.2% · 5.9 GWh
  • Wind17.3% · 31.9 GWh
  • Solar (utility)13.9% · 25.6 GWh
  • Solar (rooftop)8.0% · 14.8 GWh
  • Battery1.8% · 3.4 GWh
TOP FUEL 54.1%
  • Coal54.1% · 99.6 GWh
  • Gas2.3% · 4.2 GWh
  • Hydro2.1% · 3.9 GWh
  • Wind6.8% · 12.5 GWh
  • Solar (utility)10.6% · 19.6 GWh
  • Solar (rooftop)21.3% · 39.2 GWh
  • Battery2.8% · 5.2 GWh
TOP FUEL 44.5%
  • Coal44.5% · 69.0 GWh
  • Hydro0.3% · 0.4 GWh
  • Wind33.3% · 51.6 GWh
  • Solar (utility)4.6% · 7.1 GWh
  • Solar (rooftop)15.7% · 24.3 GWh
  • Battery1.7% · 2.7 GWh
TOP FUEL 67.3%
  • Gas3.8% · 1.8 GWh
  • Wind67.3% · 31.3 GWh
  • Solar (utility)0.9% · 0.4 GWh
  • Solar (rooftop)25.4% · 11.8 GWh
  • Battery2.6% · 1.2 GWh
TOP FUEL 60.0%
  • Gas15.8% · 3.1 GWh
  • Hydro60.0% · 11.6 GWh
  • Wind13.8% · 2.7 GWh
  • Solar (rooftop)10.3% · 2.0 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:009.7 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:009.4 GW 0
coalhydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:007.6 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:002.6 GW 0
gashydrowindsolar rooftop
23:3005:3711:4517:5200:001.0 GW 0

Renewables

NSW · Daily renewable share
40.3%
VIC · Daily renewable share
59.8%
QLD · Daily renewable share
47.3%
SA · Daily renewable share
113.0%
TAS · Daily renewable share
55.7%
Peak instantaneous
72.6%
at 09:55
Daily NEM-wide share
51.0%
By region (daily share)
  • NSW
    40.3%
  • VIC
    59.8%
  • QLD
    47.3%
  • SA
    113.0%
  • TAS
    55.7%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +20.4 GWh 6 —
NSW1-QLD1 −34.0 GWh 18 —
VIC1-NSW1 +24.2 GWh 16 —
V-SA +13.6 GWh 18 —
T-V-MNSP1 −19.3 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
263.0k tCO₂
▲ 18.8% vs same day last week
Intensity by region
NSW 88.6k tCO₂ 0.478 tCO₂/MWh
QLD 89.3k tCO₂ 0.477 tCO₂/MWh
SA 824 tCO₂ 0.018 tCO₂/MWh
VIC 82.5k tCO₂ 0.534 tCO₂/MWh
TAS 1.8k tCO₂ 0.097 tCO₂/MWh