NEM
NEM Daily analysis

Sunday 8 November 2026

Trading day 2026-11-08

Market Snapshot

SA records negative daily average price of minus 8.3 dollars per MWh

Regional average prices spanned from -$8.3/MWh in SA to $47.5/MWh in NSW. SA recorded 25.0 negative price hours, while NSW recorded 7.7 negative hours, and no regions recorded cap hours.

NSW recorded the highest demand peak of 7960 MW at 19:15, and QLD reached a peak demand of 7579 MW at 18:20.

Coal accounted for 41.8 per cent of generation, followed by rooftop solar at 22.1 per cent and wind at 14.1 per cent. The renewable share averaged 54.6 per cent, and batteries discharged 17828 MWh with a net of -4028 MWh.

The highest FCAS cost was $32542 for LOWERREG, and no FCAS price spikes occurred during the day.

Total emissions were 246318 tCO2, down 12.1 per cent from the same weekday last week.

Today · Pre-dispatch forecasts show prices reaching $359.75/MWh in VIC at 23:00 and $350.1/MWh in TAS at 23:00.

In context · The NEM average price of $26.7/MWh was below the seven-day average of $63.1/MWh, ranking lowest for the week. The SA average of -$8.3/MWh was below its seven-day average of $38.7/MWh and ranked lowest over the seven days.

NSW $47VIC $27QLD $37SA $-8TAS $30
Numbers-only recap · gemini-3.1-pro-preview

Prices

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

NSW VIC QLD SA TAS
-$10 $20 $50 $80 $110 -$60 -$15 $30 $75 $120 -$10 $18 $45 $73 $100 -$330 -$165 $0 $165 $330 -$60 -$15 $30 $75 $120 05:00 11:00 17:00 23:00 05:00
Region Avg VWAP Min Max Neg Cap
NSW $47 $55 -$7 $107 92 0
QLD $37 $43 -$9 $85 242 0
SA -$8 $93 -$329 $332 300 0
VIC $27 $38 -$60 $116 260 0
TAS $30 $33 -$63 $120 254 0

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

Demand

NSW
Peak
7,960MW
20:15
Trough
3,523MW
13:20
Energy
280.6GWh
QLD
Peak
7,579MW
19:20
Trough
3,525MW
11:30
Energy
268.9GWh
SA
Peak
1,438MW
21:40
Trough
-238MW
14:05
Energy
38.5GWh
VIC
Peak
5,558MW
20:45
Trough
2,193MW
14:50
Energy
197.3GWh
TAS
Peak
1,203MW
20:30
Trough
878MW
15:25
Energy
49.7GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$5,1940$108 Nov, 17:45
LOWERREG$2,2550$628 Nov, 17:15
RAISE60SEC$1500$08 Nov, 07:35
LOWER5MIN$1450$18 Nov, 17:45
RAISE6SEC$1380$08 Nov, 07:55
LOWER60SEC$1370$18 Nov, 16:45
RAISE5MIN$430$08 Nov, 12:20
LOWER6SEC$430$08 Nov, 16:40
Total$8,106

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

ServiceCostSpikesPeakWhen
LOWERREG$11,4120$628 Nov, 17:15
LOWER60SEC$11,2910$108 Nov, 16:35
LOWER6SEC$9,1220$78 Nov, 16:35
RAISEREG$6,7160$108 Nov, 17:45
LOWER5MIN$3,2710$78 Nov, 16:15
RAISE6SEC$970$09 Nov, 01:35
RAISE60SEC$720$09 Nov, 01:35
RAISE5MIN$330$08 Nov, 06:25
Total$42,014

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

ServiceCostSpikesPeakWhen
RAISEREG$6,9460$108 Nov, 17:45
LOWERREG$4,4540$628 Nov, 17:15
RAISE60SEC$1510$08 Nov, 07:35
LOWER60SEC$1110$18 Nov, 16:45
RAISE6SEC$1060$08 Nov, 07:55
RAISE5MIN$670$08 Nov, 12:20
LOWER5MIN$610$18 Nov, 17:45
LOWER6SEC$340$08 Nov, 16:40
Total$11,931

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

ServiceCostSpikesPeakWhen
LOWERREG$3,3860$628 Nov, 17:15
RAISEREG$1,2270$108 Nov, 17:45
RAISE60SEC$1990$08 Nov, 07:35
RAISE6SEC$1860$08 Nov, 07:55
LOWER5MIN$1630$18 Nov, 17:45
LOWER60SEC$1560$18 Nov, 16:45
LOWER6SEC$680$08 Nov, 16:40
RAISE5MIN$520$08 Nov, 12:20
Total$5,437

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

ServiceCostSpikesPeakWhen
RAISEREG$12,4180$618 Nov, 18:05
LOWERREG$11,0360$659 Nov, 02:35
RAISE6SEC$1,7450$128 Nov, 17:00
RAISE60SEC$1,4240$08 Nov, 05:05
RAISE5MIN$190$08 Nov, 22:20
LOWER60SEC$60$18 Nov, 16:45
LOWER5MIN$10$18 Nov, 17:45
LOWER6SEC$00$08 Nov, 16:40
Total$26,647

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

Battery dispatch

Peak moment

Fleet discharged 1,525 MW at 20:00 as NSW spot hit $90/MWh.

Peak moment

Fleet discharged 1,522 MW at 19:30 as QLD spot hit $82/MWh.

Peak moment

Fleet discharged 773 MW at 20:00 as VIC spot hit $86/MWh.

Peak moment

Fleet discharged 302 MW at 20:30 as SA spot hit $85/MWh.

Peak moment

Fleet discharged 4,062 MW at 20:00 as TAS spot hit $94/MWh.

Discharged
7,826MWh
peak 1,525 MW · 20:00
Charged
8,971MWh
peak 1,710 MW
Net
-1,145MWh
discharge − charge
Round-trip
87%
discharge / charge ratio
Discharged
4,989MWh
peak 1,522 MW · 19:30
Charged
6,249MWh
peak 1,251 MW
Net
-1,260MWh
discharge − charge
Round-trip
80%
discharge / charge ratio
Discharged
3,680MWh
peak 773 MW · 20:00
Charged
5,041MWh
peak 1,117 MW
Net
-1,362MWh
discharge − charge
Round-trip
73%
discharge / charge ratio
Discharged
1,333MWh
peak 302 MW · 20:30
Charged
1,595MWh
peak 309 MW
Net
-262MWh
discharge − charge
Round-trip
84%
discharge / charge ratio
NEM-wide
Discharged
17,828MWh
peak 4,062 MW · 20:00
Charged
21,856MWh
peak 3,671 MW
Net
-4,028MWh
discharge − charge
Round-trip
82%
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 GW6.0 GW-$400-$200$0$200$40000:3007:3714:4521:5205:00

Regional dispatch ranking

RegionDischargedNet
#1NSW
7,826MWh
-1,145
#2QLD
4,989MWh
-1,260
#3VIC
3,680MWh
-1,362
#4SA
1,333MWh
-262

Generation Mix

TOP FUEL 38.1%
  • Coal38.1% · 74.8 GWh
  • Gas0.5% · 1.0 GWh
  • Hydro5.5% · 10.8 GWh
  • Wind9.7% · 19.1 GWh
  • Solar (utility)18.6% · 36.6 GWh
  • Solar (rooftop)23.6% · 46.4 GWh
  • Battery4.0% · 7.8 GWh
TOP FUEL 54.9%
  • Coal54.9% · 114.6 GWh
  • Gas0.4% · 0.9 GWh
  • Hydro4.4% · 9.2 GWh
  • Wind6.9% · 14.3 GWh
  • Solar (utility)12.4% · 25.9 GWh
  • Solar (rooftop)18.6% · 38.9 GWh
  • Battery2.4% · 5.0 GWh
TOP FUEL 46.6%
  • Coal46.6% · 67.6 GWh
  • Hydro0.7% · 1.0 GWh
  • Wind19.6% · 28.4 GWh
  • Solar (utility)8.7% · 12.7 GWh
  • Solar (rooftop)21.8% · 31.6 GWh
  • Battery2.5% · 3.7 GWh
TOP FUEL 51.4%
  • Gas8.4% · 3.9 GWh
  • Wind51.4% · 23.5 GWh
  • Solar (utility)0.6% · 0.3 GWh
  • Solar (rooftop)36.7% · 16.8 GWh
  • Battery2.9% · 1.3 GWh
TOP FUEL 82.2%
  • Hydro82.2% · 15.3 GWh
  • Wind7.1% · 1.3 GWh
  • Solar (rooftop)10.7% · 2.0 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:0011.1 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:0010.8 GW 0
coalhydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:007.1 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:002.5 GW 0
hydrowindsolar rooftop
00:3006:3712:4518:5201:000.8 GW 0

Renewables

NSW · Daily renewable share
56.5%
VIC · Daily renewable share
55.4%
QLD · Daily renewable share
50.0%
SA · Daily renewable share
109.5%
TAS · Daily renewable share
66.0%
Peak instantaneous
80.4%
at 11:20
Daily NEM-wide share
54.6%
By region (daily share)
  • NSW
    56.5%
  • VIC
    55.4%
  • QLD
    50.0%
  • SA
    109.5%
  • TAS
    66.0%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +33.7 GWh 0 —
NSW1-QLD1 −37.3 GWh 14 —
VIC1-NSW1 +14.2 GWh 11 —
V-SA +13.7 GWh 16 —
T-V-MNSP1 −19.7 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
246.3k tCO₂
▼ 12.1% vs same day last week
Intensity by region
NSW 65.6k tCO₂ 0.324 tCO₂/MWh
QLD 99.6k tCO₂ 0.472 tCO₂/MWh
SA 1.9k tCO₂ 0.042 tCO₂/MWh
VIC 79.2k tCO₂ 0.543 tCO₂/MWh
TAS 0 tCO₂ 0.000 tCO₂/MWh