NEM
NEM Daily analysis

Saturday 17 October 2026

Trading day 2026-10-17

Market Snapshot

SA records 21.5 negative hours and averages -$17.9/MWh

NSW averaged $67.3/MWh and QLD averaged $58.8/MWh, with zero negative hours in both regions. SA averaged -$17.9/MWh with 21.5 negative hours, while VIC and TAS recorded 20.3 and 19.7 negative hours respectively. No region recorded cap intervals.

NSW recorded the highest demand peak of 7836 MW at 18:40. Coal provided 44.1 per cent of generation, followed by wind at 20.6 per cent and rooftop solar at 18.8 per cent. Batteries discharged 15,021 MWh with a net position of -4962 MWh.

Total FCAS costs were low, with regulation raise the highest at $25,235. Emissions totalled 255,122 tonnes of carbon dioxide, 4.7 per cent below the same weekday last week.

AEMO issued a forecast LOR2 for SA on 20 October at 09:24, and published an update at 17:24. AEMO cancelled this forecast LOR2 at 23:58.

Today · Pre-dispatch forecasts show prices peaking at $137.67/MWh in NSW and $127.93/MWh in QLD at 03:30. SA, VIC and TAS are forecast to peak near $90/MWh at 19:30.

In context · The NEM average price of $27.6/MWh was below the seven-day average of $80.4/MWh, ranking lowest for the week. SA's average of -$17.9/MWh was below its seven-day average of $25.8/MWh, ranking sixth out of seven days.

NSW $67VIC $1QLD $59SA $-18TAS $4
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 $28 $55 $83 $110 -$60 -$20 $20 $60 $100 $0 $25 $50 $75 $100 -$290 -$192 -$95 $3 $100 -$60 -$20 $20 $60 $100 05:00 11:00 17:00 23:00 05:00
Region Avg VWAP Min Max Neg Cap
NSW $67 $70 $1 $107 0 0
QLD $59 $61 $0 $93 0 0
SA -$18 $13 -$306 $80 258 0
VIC $1 $9 -$68 $85 244 0
TAS $4 $7 -$72 $88 236 0

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

Demand

NSW
Peak
7,836MW
19:40
Trough
3,867MW
14:20
Energy
296.6GWh
QLD
Peak
7,019MW
19:05
Trough
4,230MW
13:15
Energy
268.0GWh
SA
Peak
1,399MW
20:05
Trough
226MW
13:35
Energy
44.6GWh
VIC
Peak
5,385MW
20:05
Trough
2,307MW
13:00
Energy
194.4GWh
TAS
Peak
1,058MW
20:30
Trough
687MW
14:05
Energy
44.9GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$2,9520$1217 Oct, 08:10
LOWERREG$5720$717 Oct, 13:50
LOWER60SEC$1200$017 Oct, 14:05
RAISE60SEC$720$018 Oct, 01:00
RAISE6SEC$690$018 Oct, 01:00
LOWER5MIN$430$017 Oct, 12:55
LOWER6SEC$430$017 Oct, 14:05
RAISE5MIN$200$017 Oct, 05:05
Total$3,890

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

ServiceCostSpikesPeakWhen
LOWERREG$5,6330$717 Oct, 13:50
RAISEREG$4,7440$1217 Oct, 08:10
LOWER60SEC$2660$017 Oct, 14:05
RAISE60SEC$750$018 Oct, 01:00
RAISE6SEC$740$018 Oct, 01:00
LOWER6SEC$620$017 Oct, 14:05
LOWER5MIN$580$017 Oct, 12:55
RAISE5MIN$210$017 Oct, 05:05
Total$10,933

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

ServiceCostSpikesPeakWhen
RAISEREG$7,8270$1217 Oct, 08:10
LOWERREG$2,9190$717 Oct, 13:50
LOWER60SEC$1990$017 Oct, 14:05
RAISE60SEC$1060$018 Oct, 01:00
RAISE6SEC$810$018 Oct, 01:00
LOWER6SEC$590$017 Oct, 14:05
LOWER5MIN$500$017 Oct, 12:55
RAISE5MIN$470$017 Oct, 05:05
Total$11,288

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

ServiceCostSpikesPeakWhen
LOWERREG$3,3660$717 Oct, 13:50
RAISEREG$1,4050$1217 Oct, 08:10
LOWER60SEC$2110$017 Oct, 14:05
RAISE6SEC$1010$018 Oct, 01:00
RAISE60SEC$1010$018 Oct, 01:00
LOWER6SEC$770$017 Oct, 14:05
LOWER5MIN$570$017 Oct, 12:55
RAISE5MIN$310$017 Oct, 05:05
Total$5,348

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

ServiceCostSpikesPeakWhen
RAISEREG$8,3070$517 Oct, 05:20
LOWERREG$6,4760$6017 Oct, 06:10
RAISE6SEC$9430$017 Oct, 05:05
RAISE60SEC$9430$017 Oct, 05:05
RAISE5MIN$100$017 Oct, 07:30
LOWER60SEC$00$017 Oct, 14:05
LOWER6SEC$00$017 Oct, 14:05
LOWER5MIN$00$017 Oct, 12:55
Total$16,679

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

Battery dispatch

Peak moment

Fleet discharged 887 MW at 21:00 as NSW spot hit $80/MWh.

Peak moment

Fleet discharged 575 MW at 19:30 as QLD spot hit $82/MWh.

Peak moment

Fleet discharged 1,074 MW at 20:00 as VIC spot hit $62/MWh.

Peak moment

Fleet discharged 485 MW at 20:00 as SA spot hit $71/MWh.

Peak moment

Fleet discharged 2,943 MW at 20:00 as TAS spot hit $67/MWh.

Discharged
5,689MWh
peak 887 MW · 21:00
Charged
7,755MWh
peak 1,702 MW
Net
-2,065MWh
discharge − charge
Round-trip
73%
discharge / charge ratio
Discharged
2,795MWh
peak 575 MW · 19:30
Charged
4,344MWh
peak 891 MW
Net
-1,549MWh
discharge − charge
Round-trip
64%
discharge / charge ratio
Discharged
4,384MWh
peak 1,074 MW · 20:00
Charged
5,666MWh
peak 985 MW
Net
-1,282MWh
discharge − charge
Round-trip
77%
discharge / charge ratio
Discharged
2,154MWh
peak 485 MW · 20:00
Charged
2,219MWh
peak 474 MW
Net
-65MWh
discharge − charge
Round-trip
97%
discharge / charge ratio
NEM-wide
Discharged
15,021MWh
peak 2,943 MW · 20:00
Charged
19,983MWh
peak 3,807 MW
Net
-4,962MWh
discharge − charge
Round-trip
75%
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-$300-$200-$100$0$10000:3007:3714:4521:5205:00

Regional dispatch ranking

RegionDischargedNet
#1NSW
5,689MWh
-2,065
#2VIC
4,384MWh
-1,282
#3QLD
2,795MWh
-1,549
#4SA
2,154MWh
-65

Generation Mix

TOP FUEL 38.7%
  • Coal38.7% · 72.7 GWh
  • Gas0.6% · 1.1 GWh
  • Hydro4.1% · 7.7 GWh
  • Wind18.9% · 35.4 GWh
  • Solar (utility)14.5% · 27.3 GWh
  • Solar (rooftop)20.1% · 37.8 GWh
  • Battery3.0% · 5.7 GWh
TOP FUEL 54.8%
  • Coal54.8% · 103.4 GWh
  • Gas0.5% · 0.9 GWh
  • Hydro3.5% · 6.7 GWh
  • Wind18.4% · 34.7 GWh
  • Solar (utility)7.1% · 13.4 GWh
  • Solar (rooftop)14.2% · 26.9 GWh
  • Battery1.5% · 2.8 GWh
TOP FUEL 52.2%
  • Coal52.2% · 83.9 GWh
  • Hydro0.9% · 1.5 GWh
  • Wind19.4% · 31.1 GWh
  • Solar (utility)5.8% · 9.3 GWh
  • Solar (rooftop)18.9% · 30.4 GWh
  • Battery2.7% · 4.4 GWh
TOP FUEL 45.6%
  • Gas7.5% · 2.6 GWh
  • Wind45.6% · 15.7 GWh
  • Solar (utility)1.1% · 0.4 GWh
  • Solar (rooftop)39.6% · 13.6 GWh
  • Battery6.3% · 2.2 GWh
TOP FUEL 61.7%
  • Hydro61.7% · 10.8 GWh
  • Wind26.0% · 4.5 GWh
  • Solar (rooftop)12.4% · 2.2 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:0010.8 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:009.5 GW 0
coalhydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:007.9 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:002.0 GW 0
hydrowindsolar rooftop
00:3006:3712:4518:5201:000.8 GW 0

Renewables

NSW · Daily renewable share
55.3%
VIC · Daily renewable share
55.2%
QLD · Daily renewable share
49.1%
SA · Daily renewable share
81.9%
TAS · Daily renewable share
63.0%
Peak instantaneous
77.0%
at 12:10
Daily NEM-wide share
53.2%
By region (daily share)
  • NSW
    55.3%
  • VIC
    55.2%
  • QLD
    49.1%
  • SA
    81.9%
  • TAS
    63.0%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +26.7 GWh 10 —
NSW1-QLD1 −37.3 GWh 22 —
VIC1-NSW1 +39.5 GWh 0 —
V-SA −4.7 GWh 11 —
T-V-MNSP1 −20.4 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
255.1k tCO₂
▼ 4.7% vs same day last week
Intensity by region
NSW 63.7k tCO₂ 0.333 tCO₂/MWh
QLD 90.9k tCO₂ 0.481 tCO₂/MWh
SA 1.3k tCO₂ 0.037 tCO₂/MWh
VIC 99.1k tCO₂ 0.612 tCO₂/MWh
TAS 0 tCO₂ 0.000 tCO₂/MWh