NEM
NEM Daily analysis

Wednesday 14 October 2026

Trading day 2026-10-14

Market Snapshot

SA records 17 negative price hours as NSW averages $115.1/MWh

NSW recorded the highest average price at $115.1/MWh, followed by QLD at $99.3/MWh. SA averaged $55.2/MWh with 17.0 negative price hours. VIC recorded 0.7 negative hours, while NSW, QLD and TAS recorded zero. No region reached the price cap.

NSW recorded the highest demand peak of 8455 MW at 18:50. QLD peaked at 7676 MW at 18:00, and VIC reached 6673 MW at 19:30.

Coal accounted for 51.2 per cent of generation, followed by rooftop solar at 15.0 per cent and wind at 13.6 per cent. The renewable share averaged 44.3 per cent, with an instantaneous peak of 64.0 per cent at 10:40. Batteries discharged 15,010 MWh.

FCAS costs remained low with no price spikes recorded across any services. Total emissions were 321,497 tonnes of carbon dioxide, 12.5 per cent above the same weekday last week.

Today · Pre-dispatch forecasts show SA peaking at $137.65/MWh at 07:00, while NSW is forecast to reach $121.73/MWh at 20:00.

In context · The SA average of $55.2/MWh ranked second highest for the region over the past seven days. VIC and TAS recorded their highest daily averages of the seven-day period at $72.1/MWh and $73.6/MWh respectively.

NSW $115VIC $72QLD $99SA $55TAS $74
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 $53 $105 $158 $210 $0 $48 $95 $143 $190 $0 $50 $100 $150 $200 -$10 $33 $75 $118 $160 $0 $43 $85 $128 $170 05:00 11:00 17:00 23:00 05:00
Region Avg VWAP Min Max Neg Cap
NSW $115 $115 $50 $237 0 0
QLD $99 $100 $47 $210 0 0
SA $55 $80 -$17 $188 204 0
VIC $72 $75 -$6 $215 8 0
TAS $74 $76 $0 $201 0 0

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

Demand

NSW
Peak
8,455MW
19:50
Trough
5,089MW
13:50
Energy
334.3GWh
QLD
Peak
7,676MW
19:00
Trough
5,290MW
11:25
Energy
302.9GWh
SA
Peak
1,540MW
07:55
Trough
-112MW
14:05
Energy
45.2GWh
VIC
Peak
6,673MW
20:30
Trough
4,269MW
15:15
Energy
257.0GWh
TAS
Peak
1,213MW
07:30
Trough
809MW
13:35
Energy
48.3GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$6,3070$1614 Oct, 16:50
LOWERREG$1,1340$1414 Oct, 17:25
RAISE60SEC$2670$014 Oct, 11:00
RAISE6SEC$2280$014 Oct, 06:20
LOWER60SEC$940$014 Oct, 17:45
LOWER5MIN$640$014 Oct, 17:35
RAISE5MIN$590$014 Oct, 06:30
LOWER6SEC$260$014 Oct, 17:45
Total$8,179

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

ServiceCostSpikesPeakWhen
LOWER6SEC$18,4170$2014 Oct, 16:30
RAISEREG$12,9200$1614 Oct, 17:45
LOWER60SEC$12,6320$1114 Oct, 16:30
LOWERREG$3,6110$1414 Oct, 17:25
LOWER5MIN$2,4530$614 Oct, 11:30
RAISE6SEC$2780$014 Oct, 17:45
RAISE60SEC$2200$014 Oct, 17:45
RAISE5MIN$400$014 Oct, 06:30
Total$50,573

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

ServiceCostSpikesPeakWhen
RAISEREG$7,6740$1614 Oct, 16:50
LOWERREG$2,3060$1414 Oct, 17:25
RAISE60SEC$5060$014 Oct, 11:00
RAISE6SEC$4790$014 Oct, 06:20
RAISE5MIN$1190$014 Oct, 06:30
LOWER60SEC$770$014 Oct, 17:45
LOWER5MIN$400$014 Oct, 17:35
LOWER6SEC$360$014 Oct, 17:45
Total$11,237

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

ServiceCostSpikesPeakWhen
LOWER60SEC$18,8780$4214 Oct, 11:45
LOWER6SEC$4,7970$514 Oct, 15:30
RAISEREG$4,1610$1614 Oct, 16:50
LOWERREG$2,7590$1914 Oct, 17:25
LOWER5MIN$1,0310$1114 Oct, 17:20
RAISE60SEC$4210$014 Oct, 11:00
RAISE6SEC$4040$014 Oct, 06:20
RAISE5MIN$860$014 Oct, 06:30
Total$32,537

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

ServiceCostSpikesPeakWhen
RAISEREG$19,7150$10814 Oct, 07:00
LOWERREG$5,5680$414 Oct, 08:20
RAISE6SEC$3,3160$5814 Oct, 08:35
RAISE60SEC$7710$314 Oct, 08:25
LOWER6SEC$1890$314 Oct, 08:35
LOWER60SEC$1560$014 Oct, 08:00
RAISE5MIN$190$114 Oct, 08:25
LOWER5MIN$00$014 Oct, 17:35
Total$29,735

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

Battery dispatch

Peak moment

Fleet discharged 674 MW at 19:30 as NSW spot hit $116/MWh.

Peak moment

Fleet discharged 1,160 MW at 19:30 as QLD spot hit $113/MWh.

Peak moment

Fleet discharged 1,004 MW at 20:00 as VIC spot hit $99/MWh.

Peak moment

Fleet discharged 359 MW at 20:00 as SA spot hit $98/MWh.

Peak moment

Fleet discharged 3,046 MW at 19:30 as TAS spot hit $98/MWh.

Discharged
2,354MWh
peak 674 MW · 19:30
Charged
2,101MWh
peak 421 MW
Net
+253MWh
discharge − charge
Round-trip
112%
discharge / charge ratio
Discharged
5,376MWh
peak 1,160 MW · 19:30
Charged
4,767MWh
peak 1,104 MW
Net
+609MWh
discharge − charge
Round-trip
113%
discharge / charge ratio
Discharged
5,317MWh
peak 1,004 MW · 20:00
Charged
4,728MWh
peak 1,234 MW
Net
+589MWh
discharge − charge
Round-trip
112%
discharge / charge ratio
Discharged
1,963MWh
peak 359 MW · 20:00
Charged
2,275MWh
peak 354 MW
Net
-312MWh
discharge − charge
Round-trip
86%
discharge / charge ratio
NEM-wide
Discharged
15,010MWh
peak 3,046 MW · 19:30
Charged
13,871MWh
peak 2,268 MW
Net
+1,139MWh
discharge − charge
Round-trip
108%
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
#1QLD
5,376MWh
+609
#2VIC
5,317MWh
+589
#3NSW
2,354MWh
+253
#4SA
1,963MWh
-312

Generation Mix

TOP FUEL 55.2%
  • Coal55.2% · 106.6 GWh
  • Gas2.1% · 4.1 GWh
  • Hydro5.5% · 10.6 GWh
  • Wind8.3% · 16.0 GWh
  • Solar (utility)10.8% · 20.8 GWh
  • Solar (rooftop)16.2% · 31.4 GWh
  • Battery1.2% · 2.4 GWh
  • Other0.6% · 1.2 GWh
TOP FUEL 62.5%
  • Coal62.5% · 128.3 GWh
  • Gas1.5% · 3.0 GWh
  • Hydro2.1% · 4.3 GWh
  • Wind7.2% · 14.7 GWh
  • Solar (utility)10.4% · 21.3 GWh
  • Solar (rooftop)13.0% · 26.7 GWh
  • Battery2.6% · 5.4 GWh
  • Other0.8% · 1.5 GWh
TOP FUEL 54.4%
  • Coal54.4% · 91.5 GWh
  • Gas0.6% · 1.1 GWh
  • Hydro2.5% · 4.1 GWh
  • Wind19.3% · 32.4 GWh
  • Solar (utility)7.1% · 11.9 GWh
  • Solar (rooftop)12.7% · 21.3 GWh
  • Battery3.2% · 5.3 GWh
  • Other0.3% · 0.6 GWh
TOP FUEL 46.4%
  • Gas12.9% · 5.9 GWh
  • Wind46.4% · 21.2 GWh
  • Solar (utility)4.9% · 2.2 GWh
  • Solar (rooftop)31.5% · 14.4 GWh
  • Battery4.3% · 2.0 GWh
TOP FUEL 83.4%
  • Gas0.9% · 0.2 GWh
  • Hydro83.4% · 21.8 GWh
  • Wind8.3% · 2.2 GWh
  • Solar (rooftop)7.4% · 1.9 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:0010.4 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:0010.6 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:008.3 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:002.3 GW 0
gashydrowindsolar rooftop
00:3006:3712:4518:5201:001.5 GW 0

Renewables

NSW · Daily renewable share
37.5%
VIC · Daily renewable share
46.7%
QLD · Daily renewable share
38.3%
SA · Daily renewable share
98.7%
TAS · Daily renewable share
90.9%
Peak instantaneous
64.0%
at 11:40
Daily NEM-wide share
44.3%
By region (daily share)
  • NSW
    37.5%
  • VIC
    46.7%
  • QLD
    38.3%
  • SA
    98.7%
  • TAS
    90.9%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +26.8 GWh 4 —
NSW1-QLD1 −38.2 GWh 4 —
VIC1-NSW1 +19.4 GWh 10 —
V-SA +5.3 GWh 29 —
T-V-MNSP1 −10.4 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
321.5k tCO₂
▲ 12.5% vs same day last week
Intensity by region
NSW 95.1k tCO₂ 0.495 tCO₂/MWh
QLD 114.5k tCO₂ 0.554 tCO₂/MWh
SA 2.9k tCO₂ 0.061 tCO₂/MWh
VIC 108.9k tCO₂ 0.640 tCO₂/MWh
TAS 162 tCO₂ 0.006 tCO₂/MWh