NEM
NEM Daily analysis

Wednesday 7 October 2026

Trading day 2026-10-07

Market Snapshot

South Australia records 19 negative price hours averaging 39 $/MWh

New South Wales and Queensland recorded average prices of $92.7/MWh and $85.8/MWh respectively, with zero negative intervals. South Australia averaged $39.0/MWh with 19.0 negative hours. Victoria and Tasmania recorded 14.2 and 14.0 negative hours respectively.

New South Wales recorded the highest demand peak of 8347.0 MW at 18:55. Queensland demand peaked at 7641.0 MW at 18:00, while Victoria reached 6763.0 MW at 06:45.

Coal generated 45.7 per cent of NEM energy, followed by rooftop solar at 19.3 per cent and wind at 12.1 per cent. Batteries discharged 17025.0 MWh with a net position of -2437.0 MWh.

Total emissions were 285845.0 tCO2. The highest FCAS price was $80/MW for the RAISE6SEC service in Tasmania.

Today · Pre-dispatch forecasts show Queensland reaching $319.04/MWh at 19:30. South Australia is forecast to peak at $145.0/MWh at 18:30.

In context · South Australia's average of $39.0/MWh ranked sixth out of the last seven days, below its seven-day average of $79.9/MWh. The same weekday last week saw South Australia average $87.76/MWh.

NSW $93VIC $61QLD $86SA $39TAS $62
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 $35 $70 $105 $140 -$40 $3 $45 $88 $130 $0 $33 $65 $98 $130 -$100 -$42 $15 $73 $130 -$40 $3 $45 $88 $130 05:00 11:00 17:00 23:00 05:00
Region Avg VWAP Min Max Neg Cap
NSW $93 $96 $48 $133 0 0
QLD $86 $88 $46 $121 0 0
SA $39 $73 -$101 $120 228 0
VIC $61 $71 -$44 $128 170 0
TAS $62 $66 -$46 $128 168 0

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

Demand

NSW
Peak
8,347MW
19:55
Trough
3,551MW
14:25
Energy
312.4GWh
QLD
Peak
7,641MW
19:00
Trough
4,371MW
11:15
Energy
282.3GWh
SA
Peak
1,493MW
19:55
Trough
-124MW
13:45
Energy
44.6GWh
VIC
Peak
6,763MW
07:45
Trough
2,703MW
15:00
Energy
233.5GWh
TAS
Peak
1,282MW
07:40
Trough
811MW
14:35
Energy
49.4GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$7,2270$377 Oct, 06:50
LOWERREG$2,4090$87 Oct, 05:40
RAISE60SEC$1800$07 Oct, 07:00
RAISE6SEC$1800$07 Oct, 07:15
LOWER60SEC$850$27 Oct, 15:30
LOWER5MIN$660$07 Oct, 16:45
RAISE5MIN$500$07 Oct, 06:30
LOWER6SEC$390$07 Oct, 15:25
Total$10,236

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

ServiceCostSpikesPeakWhen
RAISEREG$7,4690$377 Oct, 06:50
LOWERREG$3,7920$87 Oct, 05:40
LOWER60SEC$2340$27 Oct, 15:30
RAISE60SEC$2300$07 Oct, 07:00
RAISE6SEC$2060$07 Oct, 07:15
LOWER5MIN$1210$07 Oct, 16:45
RAISE5MIN$610$07 Oct, 06:30
LOWER6SEC$550$07 Oct, 15:25
Total$12,168

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

ServiceCostSpikesPeakWhen
RAISEREG$9,4450$377 Oct, 06:50
LOWERREG$3,0300$87 Oct, 05:40
RAISE60SEC$3190$07 Oct, 07:00
RAISE6SEC$2590$07 Oct, 07:15
LOWER60SEC$1880$27 Oct, 15:30
RAISE5MIN$1240$07 Oct, 06:30
LOWER6SEC$480$07 Oct, 15:25
LOWER5MIN$410$07 Oct, 16:45
Total$13,455

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

ServiceCostSpikesPeakWhen
RAISEREG$4,8340$377 Oct, 06:50
LOWERREG$3,2580$87 Oct, 05:40
LOWER60SEC$2920$27 Oct, 15:30
RAISE60SEC$2260$07 Oct, 07:00
RAISE6SEC$2110$07 Oct, 07:15
LOWER5MIN$1450$07 Oct, 16:45
LOWER6SEC$1060$07 Oct, 15:25
RAISE5MIN$680$07 Oct, 06:30
Total$9,139

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

ServiceCostSpikesPeakWhen
RAISE6SEC$29,7680$807 Oct, 18:55
RAISEREG$12,3220$437 Oct, 17:45
LOWERREG$6,2400$47 Oct, 15:30
RAISE60SEC$1,0260$07 Oct, 05:05
LOWER6SEC$7550$37 Oct, 06:20
LOWER60SEC$5110$27 Oct, 15:30
RAISE5MIN$320$07 Oct, 05:40
LOWER5MIN$300$17 Oct, 18:50
Total$50,685

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

Battery dispatch

Peak moment

Fleet discharged 968 MW at 19:30 as NSW spot hit $121/MWh.

Peak moment

Fleet discharged 1,248 MW at 19:30 as QLD spot hit $112/MWh.

Peak moment

Fleet discharged 1,146 MW at 20:00 as VIC spot hit $106/MWh.

Peak moment

Fleet discharged 499 MW at 20:00 as SA spot hit $113/MWh.

Peak moment

Fleet discharged 3,568 MW at 20:00 as TAS spot hit $107/MWh.

Discharged
4,549MWh
peak 968 MW · 19:30
Charged
6,330MWh
peak 1,407 MW
Net
-1,781MWh
discharge − charge
Round-trip
72%
discharge / charge ratio
Discharged
4,987MWh
peak 1,248 MW · 19:30
Charged
5,768MWh
peak 1,031 MW
Net
-781MWh
discharge − charge
Round-trip
86%
discharge / charge ratio
Discharged
5,181MWh
peak 1,146 MW · 20:00
Charged
5,184MWh
peak 1,019 MW
Net
-2MWh
discharge − charge
Round-trip
100%
discharge / charge ratio
Discharged
2,308MWh
peak 499 MW · 20:00
Charged
2,180MWh
peak 307 MW
Net
+128MWh
discharge − charge
Round-trip
106%
discharge / charge ratio
NEM-wide
Discharged
17,025MWh
peak 3,568 MW · 20:00
Charged
19,461MWh
peak 3,536 MW
Net
-2,437MWh
discharge − charge
Round-trip
87%
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$20000:3007:3714:4521:5205:00

Regional dispatch ranking

RegionDischargedNet
#1VIC
5,181MWh
-2
#2QLD
4,987MWh
-781
#3NSW
4,549MWh
-1,781
#4SA
2,308MWh
+128

Generation Mix

TOP FUEL 43.4%
  • Coal43.4% · 84.3 GWh
  • Gas2.4% · 4.6 GWh
  • Hydro4.2% · 8.2 GWh
  • Wind11.6% · 22.6 GWh
  • Solar (utility)15.8% · 30.7 GWh
  • Solar (rooftop)20.3% · 39.4 GWh
  • Battery2.3% · 4.5 GWh
TOP FUEL 58.3%
  • Coal58.3% · 116.5 GWh
  • Gas3.7% · 7.4 GWh
  • Hydro2.2% · 4.5 GWh
  • Wind5.2% · 10.3 GWh
  • Solar (utility)11.2% · 22.3 GWh
  • Solar (rooftop)16.6% · 33.3 GWh
  • Battery2.5% · 5.0 GWh
  • Other0.3% · 0.6 GWh
TOP FUEL 51.1%
  • Coal51.1% · 84.8 GWh
  • Gas0.5% · 0.9 GWh
  • Hydro4.1% · 6.8 GWh
  • Wind15.2% · 25.2 GWh
  • Solar (utility)7.7% · 12.7 GWh
  • Solar (rooftop)18.3% · 30.4 GWh
  • Battery3.1% · 5.2 GWh
TOP FUEL 38.1%
  • Gas17.1% · 7.2 GWh
  • Wind38.1% · 16.0 GWh
  • Solar (utility)1.8% · 0.8 GWh
  • Solar (rooftop)37.2% · 15.6 GWh
  • Battery5.5% · 2.3 GWh
  • Other0.3% · 0.1 GWh
TOP FUEL 82.6%
  • Gas2.9% · 0.7 GWh
  • Hydro82.6% · 19.8 GWh
  • Wind5.9% · 1.4 GWh
  • Solar (rooftop)8.6% · 2.1 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:009.8 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:0010.4 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:008.1 GW 0
gasbattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:002.1 GW 0
gashydrowindsolar rooftop
00:3006:3712:4518:5201:001.3 GW 0

Renewables

NSW · Daily renewable share
51.2%
VIC · Daily renewable share
51.1%
QLD · Daily renewable share
41.5%
SA · Daily renewable share
84.0%
TAS · Daily renewable share
80.1%
Peak instantaneous
76.0%
at 12:25
Daily NEM-wide share
48.7%
By region (daily share)
  • NSW
    51.2%
  • VIC
    51.1%
  • QLD
    41.5%
  • SA
    84.0%
  • TAS
    80.1%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +24.1 GWh 4 —
NSW1-QLD1 −23.8 GWh 14 —
VIC1-NSW1 +15.7 GWh 6 —
V-SA −774 MWh 30 —
T-V-MNSP1 −13.4 GWh 1 —

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
285.8k tCO₂
▲ 5.7% vs same day last week
Intensity by region
NSW 75.4k tCO₂ 0.384 tCO₂/MWh
QLD 105.8k tCO₂ 0.523 tCO₂/MWh
SA 3.5k tCO₂ 0.082 tCO₂/MWh
VIC 100.7k tCO₂ 0.598 tCO₂/MWh
TAS 444 tCO₂ 0.019 tCO₂/MWh