NEM
NEM Daily analysis

Thursday 8 October 2026

Trading day 2026-10-08

Market Snapshot

South Australia records average price of -$27.2/MWh with 32 negative hours

NSW recorded the highest average price at $143.3/MWh, followed by QLD at $128.0/MWh. SA averaged -$27.2/MWh with 32.8 negative hours, while VIC and TAS averaged $2.6/MWh and $7.0/MWh respectively.

NSW demand peaked at 8458 MW at 18:50, and QLD reached 7527 MW at 18:35. Coal generated 45.4 per cent of supply, rooftop solar provided 19.3 per cent, and wind contributed 15.1 per cent. Batteries discharged 15,129 MWh with a net load of 936 MWh.

The RAISEREG service cost $57,061, spiking to $1004/MW in TAS for two intervals. AEMO's notice at 17:30 stated prices for the 17:35 interval were subject to review. Total emissions were 278,079 tonnes of carbon dioxide.

Today · Pre-dispatch forecasts show QLD reaching $319.04/MWh at 19:30, while SA is forecast to reach $145.0/MWh at 18:30.

In context · The NEM average of $51.3/MWh was below the seven-day average of $73.1/MWh, ranking lowest for the week. The SA average of -$27.2/MWh was the lowest in its seven-day range of -$27.2/MWh to $130.3/MWh.

NSW $143VIC $3QLD $128SA $-27TAS $7
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 $78 $155 $233 $310 -$50 -$5 $40 $85 $130 $0 $68 $135 $203 $270 -$240 -$147 -$55 $38 $130 -$50 -$5 $40 $85 $130 05:00 11:00 17:00 23:00 05:00
Region Avg VWAP Min Max Neg Cap
NSW $143 $151 $39 $300 0 0
QLD $128 $131 $27 $263 0 0
SA -$27 -$1 -$294 $120 394 0
VIC $3 $9 -$60 $129 364 0
TAS $7 $11 -$63 $350 312 0

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

Demand

NSW
Peak
8,458MW
19:50
Trough
3,803MW
14:30
Energy
313.2GWh
QLD
Peak
7,527MW
19:35
Trough
4,996MW
10:40
Energy
288.7GWh
SA
Peak
1,552MW
20:25
Trough
14MW
14:20
Energy
48.6GWh
VIC
Peak
6,548MW
07:30
Trough
2,784MW
14:10
Energy
221.6GWh
TAS
Peak
1,127MW
07:00
Trough
634MW
14:40
Energy
44.1GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$5,0960$208 Oct, 16:15
LOWERREG$1,8390$148 Oct, 16:05
RAISE6SEC$1630$08 Oct, 07:15
LOWER5MIN$1460$08 Oct, 16:10
RAISE60SEC$1430$08 Oct, 06:20
LOWER60SEC$1160$08 Oct, 15:45
LOWER6SEC$550$08 Oct, 16:20
RAISE5MIN$490$08 Oct, 07:20
Total$7,607

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

ServiceCostSpikesPeakWhen
RAISEREG$7,1590$208 Oct, 16:15
LOWERREG$4,5790$148 Oct, 16:05
LOWER60SEC$4080$08 Oct, 15:45
RAISE6SEC$3030$08 Oct, 07:15
LOWER5MIN$2930$08 Oct, 16:10
RAISE60SEC$2880$08 Oct, 06:20
LOWER6SEC$1430$08 Oct, 16:20
RAISE5MIN$630$08 Oct, 07:20
Total$13,235

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

ServiceCostSpikesPeakWhen
RAISEREG$11,1460$208 Oct, 16:15
LOWERREG$2,1000$148 Oct, 16:05
RAISE60SEC$2690$08 Oct, 06:20
LOWER60SEC$2500$08 Oct, 15:45
RAISE6SEC$2420$08 Oct, 07:15
RAISE5MIN$1040$08 Oct, 07:20
LOWER6SEC$1000$08 Oct, 16:20
LOWER5MIN$670$08 Oct, 16:10
Total$14,278

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

ServiceCostSpikesPeakWhen
RAISEREG$4,4330$208 Oct, 16:15
LOWERREG$2,4010$148 Oct, 16:05
RAISE6SEC$1840$08 Oct, 07:15
LOWER60SEC$1810$08 Oct, 15:45
RAISE60SEC$1720$08 Oct, 06:20
LOWER5MIN$1590$08 Oct, 16:10
LOWER6SEC$630$08 Oct, 16:20
RAISE5MIN$400$08 Oct, 07:20
Total$7,633

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

ServiceCostSpikesPeakWhen
RAISEREG$29,2272$1,0048 Oct, 17:00
LOWERREG$21,6960$1269 Oct, 01:05
RAISE6SEC$8,2950$3508 Oct, 21:15
RAISE60SEC$1,0580$08 Oct, 05:05
LOWER5MIN$90$08 Oct, 17:20
LOWER6SEC$30$08 Oct, 05:45
LOWER60SEC$30$08 Oct, 05:45
RAISE5MIN$10$08 Oct, 16:40
Total$60,293

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

Battery dispatch

Peak moment

Fleet discharged 941 MW at 20:00 as NSW spot hit $179/MWh.

Peak moment

Fleet discharged 1,020 MW at 19:00 as QLD spot hit $185/MWh.

Peak moment

Fleet discharged 968 MW at 21:30 as VIC spot hit $0/MWh.

Peak moment

Fleet discharged 568 MW at 19:30 as SA spot hit $35/MWh.

Peak moment

Fleet discharged 3,081 MW at 19:30 as TAS spot hit $36/MWh.

Discharged
5,179MWh
peak 941 MW · 20:00
Charged
4,359MWh
peak 1,029 MW
Net
+820MWh
discharge − charge
Round-trip
119%
discharge / charge ratio
Discharged
4,283MWh
peak 1,020 MW · 19:00
Charged
4,783MWh
peak 1,027 MW
Net
-500MWh
discharge − charge
Round-trip
90%
discharge / charge ratio
Discharged
4,045MWh
peak 968 MW · 21:30
Charged
4,545MWh
peak 1,043 MW
Net
-499MWh
discharge − charge
Round-trip
89%
discharge / charge ratio
Discharged
1,621MWh
peak 568 MW · 19:30
Charged
2,378MWh
peak 424 MW
Net
-757MWh
discharge − charge
Round-trip
68%
discharge / charge ratio
NEM-wide
Discharged
15,129MWh
peak 3,081 MW · 19:30
Charged
16,065MWh
peak 3,232 MW
Net
-936MWh
discharge − charge
Round-trip
94%
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-$400-$200$0$200$40000:3007:3714:4521:5205:00

Regional dispatch ranking

RegionDischargedNet
#1NSW
5,179MWh
+820
#2QLD
4,283MWh
-500
#3VIC
4,045MWh
-499
#4SA
1,621MWh
-757

Generation Mix

TOP FUEL 42.9%
  • Coal42.9% · 82.7 GWh
  • Gas2.4% · 4.6 GWh
  • Hydro7.2% · 13.8 GWh
  • Wind6.5% · 12.5 GWh
  • Solar (utility)15.6% · 30.0 GWh
  • Solar (rooftop)21.9% · 42.3 GWh
  • Battery2.7% · 5.2 GWh
  • Other0.9% · 1.8 GWh
TOP FUEL 59.0%
  • Coal59.0% · 116.4 GWh
  • Gas3.3% · 6.6 GWh
  • Hydro1.8% · 3.5 GWh
  • Wind8.3% · 16.3 GWh
  • Solar (utility)10.8% · 21.3 GWh
  • Solar (rooftop)14.3% · 28.2 GWh
  • Battery2.2% · 4.3 GWh
  • Other0.4% · 0.8 GWh
TOP FUEL 48.6%
  • Coal48.6% · 81.8 GWh
  • Gas0.3% · 0.5 GWh
  • Hydro1.6% · 2.6 GWh
  • Wind21.6% · 36.3 GWh
  • Solar (utility)6.7% · 11.2 GWh
  • Solar (rooftop)18.9% · 31.8 GWh
  • Battery2.4% · 4.0 GWh
TOP FUEL 54.6%
  • Gas5.3% · 2.3 GWh
  • Wind54.6% · 23.3 GWh
  • Solar (utility)1.0% · 0.4 GWh
  • Solar (rooftop)35.2% · 15.0 GWh
  • Battery3.8% · 1.6 GWh
TOP FUEL 60.7%
  • Hydro60.7% · 11.5 GWh
  • Wind27.9% · 5.3 GWh
  • Solar (rooftop)11.5% · 2.2 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:0010.0 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:009.8 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:008.0 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:002.3 GW 0
hydrowindsolar rooftop
00:3006:3712:4518:5201:001.0 GW 0

Renewables

NSW · Daily renewable share
48.0%
VIC · Daily renewable share
55.5%
QLD · Daily renewable share
40.8%
SA · Daily renewable share
96.1%
TAS · Daily renewable share
68.2%
Peak instantaneous
72.5%
at 12:10
Daily NEM-wide share
49.4%
By region (daily share)
  • NSW
    48.0%
  • VIC
    55.5%
  • QLD
    40.8%
  • SA
    96.1%
  • TAS
    68.2%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +30.1 GWh 6 —
NSW1-QLD1 −39.6 GWh 4 —
VIC1-NSW1 +27.3 GWh 4 —
V-SA +4.2 GWh 10 —
T-V-MNSP1 −18.4 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
278.1k tCO₂
▼ 7.9% vs same day last week
Intensity by region
NSW 74.4k tCO₂ 0.384 tCO₂/MWh
QLD 105.6k tCO₂ 0.531 tCO₂/MWh
SA 1.1k tCO₂ 0.026 tCO₂/MWh
VIC 97.0k tCO₂ 0.572 tCO₂/MWh
TAS 0 tCO₂ 0.000 tCO₂/MWh