NEM
NEM Daily analysis

Monday 5 October 2026

Trading day 2026-10-05

Market Snapshot

NSW records the highest regional average price at $129.1/MWh

NSW recorded the highest average price at $129.1/MWh, followed by Victoria at $123.7/MWh and Tasmania at $121.3/MWh. South Australia averaged $110.3/MWh and recorded 1.7 hours of negative prices, while Queensland averaged $102.7/MWh.

NSW demand peaked at 8099 MW at 18:25, while Queensland reached 7522 MW at 18:15. Victoria recorded a morning peak of 6463 MW at 06:50, and South Australia reached 1381 MW at 19:30.

Coal accounted for 53.0 per cent of generation, with rooftop solar at 15.1 per cent and utility solar at 9.1 per cent. Batteries discharged 16,447 MWh, finishing with a net output of 251 MWh.

FCAS markets recorded no price spikes, and total emissions were 321,524 tonnes, up 12.8 per cent from the same weekday last week.

Today · Pre-dispatch figures forecast a peak price of $319.04/MWh in Queensland at 19:30, and $145.00/MWh in South Australia at 18:30.

In context · The NSW average of $129.1/MWh was the highest of the last seven days, sitting above the seven-day average of $89.4/MWh. The NEM average was higher than the $49.4/MWh recorded on the same weekday last week.

NSW $129VIC $124QLD $103SA $110TAS $121
Numbers-only recap · gemini-3.1-pro-preview

Prices

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

NSW VIC QLD SA TAS
$0 $55 $110 $165 $220 $0 $85 $170 $255 $340 $0 $45 $90 $135 $180 -$10 $63 $135 $208 $280 $0 $73 $145 $218 $290 05:00 11:00 17:00 23:00 05:00
Region Avg VWAP Min Max Neg Cap
NSW $129 $131 $64 $231 0 0
QLD $103 $109 $25 $192 0 0
SA $110 $135 -$15 $299 20 0
VIC $124 $128 $0 $406 0 0
TAS $121 $124 $23 $359 0 0

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

Demand

NSW
Peak
8,099MW
19:25
Trough
5,137MW
13:35
Energy
319.5GWh
QLD
Peak
7,522MW
19:15
Trough
3,639MW
12:00
Energy
269.2GWh
SA
Peak
1,381MW
20:30
Trough
-231MW
15:05
Energy
41.8GWh
VIC
Peak
6,463MW
07:50
Trough
4,417MW
03:55
Energy
253.3GWh
TAS
Peak
1,213MW
07:40
Trough
865MW
04:55
Energy
49.1GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$8,4150$205 Oct, 10:00
LOWERREG$3,4380$55 Oct, 07:15
RAISE6SEC$3060$05 Oct, 07:35
RAISE60SEC$2260$06 Oct, 02:15
LOWER60SEC$1920$05 Oct, 16:00
LOWER6SEC$1370$05 Oct, 13:20
RAISE5MIN$630$05 Oct, 07:10
LOWER5MIN$580$05 Oct, 16:00
Total$12,835

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

ServiceCostSpikesPeakWhen
RAISEREG$15,4080$205 Oct, 10:00
LOWERREG$4,9280$55 Oct, 07:15
RAISE6SEC$3470$05 Oct, 07:35
RAISE60SEC$2470$06 Oct, 02:15
LOWER60SEC$1640$05 Oct, 16:00
LOWER6SEC$1030$05 Oct, 13:20
LOWER5MIN$390$05 Oct, 16:00
RAISE5MIN$390$05 Oct, 07:10
Total$21,275

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

ServiceCostSpikesPeakWhen
RAISEREG$9,6060$205 Oct, 10:00
LOWERREG$3,5780$55 Oct, 07:15
RAISE6SEC$3670$05 Oct, 07:35
RAISE60SEC$3050$06 Oct, 02:15
LOWER60SEC$1480$05 Oct, 16:00
LOWER6SEC$940$05 Oct, 13:20
RAISE5MIN$700$05 Oct, 07:10
LOWER5MIN$250$05 Oct, 16:00
Total$14,194

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

ServiceCostSpikesPeakWhen
LOWERREG$2,7980$55 Oct, 07:15
RAISEREG$2,4670$205 Oct, 10:00
RAISE6SEC$3180$05 Oct, 07:35
RAISE60SEC$2410$06 Oct, 02:15
LOWER60SEC$1880$05 Oct, 16:00
LOWER6SEC$1400$05 Oct, 13:20
RAISE5MIN$500$05 Oct, 07:10
LOWER5MIN$390$05 Oct, 16:00
Total$6,240

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

ServiceCostSpikesPeakWhen
RAISEREG$13,6970$745 Oct, 05:15
LOWERREG$8,7460$656 Oct, 04:50
LOWER6SEC$3,5410$316 Oct, 03:30
RAISE6SEC$2,9440$345 Oct, 10:30
RAISE60SEC$7610$35 Oct, 11:10
LOWER60SEC$4590$15 Oct, 07:05
LOWER5MIN$410$35 Oct, 09:25
RAISE5MIN$190$06 Oct, 03:10
Total$30,209

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

Battery dispatch

Peak moment

Fleet discharged 898 MW at 19:30 as NSW spot hit $145/MWh.

Peak moment

Fleet discharged 1,237 MW at 19:00 as QLD spot hit $130/MWh.

Peak moment

Fleet discharged 1,014 MW at 20:30 as VIC spot hit $120/MWh.

Peak moment

Fleet discharged 389 MW at 20:30 as SA spot hit $126/MWh.

Peak moment

Fleet discharged 3,100 MW at 20:00 as TAS spot hit $117/MWh.

Discharged
3,962MWh
peak 898 MW · 19:30
Charged
4,138MWh
peak 999 MW
Net
-176MWh
discharge − charge
Round-trip
96%
discharge / charge ratio
Discharged
4,907MWh
peak 1,237 MW · 19:00
Charged
5,592MWh
peak 1,189 MW
Net
-685MWh
discharge − charge
Round-trip
88%
discharge / charge ratio
Discharged
5,311MWh
peak 1,014 MW · 20:30
Charged
4,341MWh
peak 942 MW
Net
+969MWh
discharge − charge
Round-trip
122%
discharge / charge ratio
Discharged
2,267MWh
peak 389 MW · 20:30
Charged
2,125MWh
peak 675 MW
Net
+143MWh
discharge − charge
Round-trip
107%
discharge / charge ratio
NEM-wide
Discharged
16,447MWh
peak 3,100 MW · 20:00
Charged
16,196MWh
peak 3,124 MW
Net
+251MWh
discharge − charge
Round-trip
102%
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$300$40000:3007:3714:4521:5205:00

Regional dispatch ranking

RegionDischargedNet
#1VIC
5,311MWh
+969
#2QLD
4,907MWh
-685
#3NSW
3,962MWh
-176
#4SA
2,267MWh
+143

Generation Mix

TOP FUEL 61.9%
  • Coal61.9% · 104.4 GWh
  • Gas2.6% · 4.4 GWh
  • Hydro5.5% · 9.4 GWh
  • Wind2.7% · 4.5 GWh
  • Solar (utility)10.1% · 17.0 GWh
  • Solar (rooftop)14.2% · 24.0 GWh
  • Battery2.4% · 4.0 GWh
  • Other0.5% · 0.9 GWh
TOP FUEL 56.7%
  • Coal56.7% · 116.4 GWh
  • Gas2.7% · 5.5 GWh
  • Hydro2.3% · 4.8 GWh
  • Wind7.3% · 15.0 GWh
  • Solar (utility)12.3% · 25.3 GWh
  • Solar (rooftop)16.0% · 32.9 GWh
  • Battery2.4% · 4.9 GWh
  • Other0.3% · 0.7 GWh
TOP FUEL 62.9%
  • Coal62.9% · 95.8 GWh
  • Gas2.5% · 3.8 GWh
  • Hydro6.8% · 10.4 GWh
  • Wind5.4% · 8.2 GWh
  • Solar (utility)5.6% · 8.6 GWh
  • Solar (rooftop)12.7% · 19.3 GWh
  • Battery3.5% · 5.3 GWh
  • Other0.6% · 1.0 GWh
TOP FUEL 38.5%
  • Gas38.5% · 13.3 GWh
  • Wind9.6% · 3.3 GWh
  • Solar (utility)9.6% · 3.3 GWh
  • Solar (rooftop)35.3% · 12.2 GWh
  • Battery6.6% · 2.3 GWh
  • Other0.4% · 0.1 GWh
TOP FUEL 81.5%
  • Gas3.0% · 1.1 GWh
  • Hydro81.5% · 29.9 GWh
  • Wind10.4% · 3.8 GWh
  • Solar (rooftop)5.1% · 1.9 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:008.7 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:0010.4 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:007.8 GW 0
gasbattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:002.2 GW 0
gashydrowindsolar rooftop
00:3006:3712:4518:5201:001.7 GW 0

Renewables

NSW · Daily renewable share
30.8%
VIC · Daily renewable share
33.1%
QLD · Daily renewable share
46.6%
SA · Daily renewable share
59.6%
TAS · Daily renewable share
123.2%
Peak instantaneous
67.6%
at 12:10
Daily NEM-wide share
39.9%
By region (daily share)
  • NSW
    30.8%
  • VIC
    33.1%
  • QLD
    46.6%
  • SA
    59.6%
  • TAS
    123.2%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +46.7 GWh 0 —
NSW1-QLD1 −52.6 GWh 0 —
VIC1-NSW1 +2.7 GWh 3 —
V-SA −2.4 GWh 8 —
T-V-MNSP1 +12.3 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
321.5k tCO₂
▲ 12.8% vs same day last week
Intensity by region
NSW 92.9k tCO₂ 0.548 tCO₂/MWh
QLD 105.1k tCO₂ 0.507 tCO₂/MWh
SA 6.5k tCO₂ 0.178 tCO₂/MWh
VIC 116.3k tCO₂ 0.755 tCO₂/MWh
TAS 710 tCO₂ 0.020 tCO₂/MWh