NEM
NEM Daily analysis

Monday 4 May 2026

Trading day 2026-05-04

Prices

Trading day · 04:00 → 04:00 AEST

NSW VIC QLD SA TAS
-$10 $20 $50 $80 $110 04:00 10:00 16:00 22:00 04:00
Region Avg VWAP Min Max Neg Cap
NSW $67 $68 $26 $98 0 0
QLD $62 $65 $23 $100 0 0
SA $29 $34 -$11 $117 23 0
VIC $2 $2 -$12 $51 25 0
TAS $87 $87 $52 $126 0 0

Demand

NSW
Peak
9,361MW
18:00
Trough
6,164MW
04:10
Energy
369.2GWh
QLD
Peak
7,785MW
17:55
Trough
4,342MW
13:15
Energy
277.7GWh
SA
Peak
1,842MW
18:30
Trough
705MW
13:35
Energy
65.5GWh
VIC
Peak
6,439MW
18:10
Trough
3,689MW
04:05
Energy
230.0GWh
TAS
Peak
1,247MW
18:05
Trough
889MW
04:05
Energy
50.9GWh

Generation Mix

TOP FUEL 64.8%
  • Coal64.8% · 115.3 GWh
  • Gas0.6% · 1.1 GWh
  • Hydro4.0% · 7.1 GWh
  • Wind12.5% · 22.2 GWh
  • Solar (utility)9.3% · 16.6 GWh
  • Solar (rooftop)6.7% · 11.9 GWh
  • Battery1.7% · 2.9 GWh
  • Other0.4% · 0.7 GWh
TOP FUEL 58.2%
  • Coal58.2% · 110.8 GWh
  • Gas2.2% · 4.1 GWh
  • Hydro4.1% · 7.8 GWh
  • Wind9.3% · 17.8 GWh
  • Solar (utility)11.4% · 21.8 GWh
  • Solar (rooftop)12.7% · 24.2 GWh
  • Battery2.0% · 3.8 GWh
TOP FUEL 45.8%
  • Coal41.7% · 67.7 GWh
  • Hydro0.5% · 0.8 GWh
  • Wind45.8% · 74.4 GWh
  • Solar (utility)3.2% · 5.2 GWh
  • Solar (rooftop)8.2% · 13.3 GWh
  • Battery0.7% · 1.1 GWh
TOP FUEL 68.7%
  • Gas8.1% · 3.2 GWh
  • Wind68.7% · 27.0 GWh
  • Solar (utility)3.8% · 1.5 GWh
  • Solar (rooftop)17.9% · 7.0 GWh
  • Battery1.5% · 0.6 GWh
TOP FUEL 81.3%
  • Gas1.6% · 0.4 GWh
  • Hydro81.3% · 19.3 GWh
  • Wind13.9% · 3.3 GWh
  • Solar (rooftop)3.2% · 0.8 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:009.4 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:0010.0 GW 0
coalhydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:008.1 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:002.2 GW 0
gashydrowindsolar rooftop
23:3005:3711:4517:5200:001.3 GW 0

Renewables

NSW · Daily renewable share
25.1%
VIC · Daily renewable share
64.0%
QLD · Daily renewable share
34.2%
SA · Daily renewable share
83.2%
TAS · Daily renewable share
82.2%
Peak instantaneous
56.6%
at 09:50
Daily NEM-wide share
43.8%
By region (daily share)
  • NSW
    25.1%
  • VIC
    64.0%
  • QLD
    34.2%
  • SA
    83.2%
  • TAS
    82.2%

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$8,6470$204 May, 17:20
LOWERREG$3,1160$214 May, 16:05
RAISE6SEC$2360$04 May, 07:15
RAISE60SEC$1690$04 May, 07:15
LOWER60SEC$1230$04 May, 11:35
LOWER5MIN$740$04 May, 12:30
RAISE5MIN$670$04 May, 07:10
LOWER6SEC$390$04 May, 12:35
Total$12,471

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

ServiceCostSpikesPeakWhen
RAISEREG$6,3540$204 May, 17:20
LOWERREG$2,8730$214 May, 16:05
LOWER60SEC$3900$04 May, 11:35
RAISE6SEC$3290$04 May, 07:15
LOWER5MIN$1910$04 May, 12:30
RAISE60SEC$1680$04 May, 07:15
LOWER6SEC$1130$04 May, 12:35
RAISE5MIN$550$04 May, 07:10
Total$10,472

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

ServiceCostSpikesPeakWhen
RAISEREG$15,9830$204 May, 17:20
LOWERREG$5,8940$214 May, 16:05
LOWER60SEC$3690$04 May, 11:35
RAISE6SEC$3130$04 May, 07:15
RAISE60SEC$3080$04 May, 07:15
RAISE5MIN$1140$04 May, 07:10
LOWER6SEC$720$04 May, 12:35
LOWER5MIN$600$04 May, 12:30
Total$23,114

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

ServiceCostSpikesPeakWhen
RAISEREG$5,8190$204 May, 17:20
LOWERREG$4,1580$214 May, 16:05
RAISE6SEC$3,1320$84 May, 10:35
RAISE60SEC$9030$34 May, 10:50
RAISE5MIN$5330$14 May, 08:45
LOWER60SEC$1920$04 May, 11:35
LOWER5MIN$850$04 May, 12:30
LOWER6SEC$540$04 May, 12:35
Total$14,876

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

ServiceCostSpikesPeakWhen
RAISEREG$9,7070$434 May, 18:10
LOWER6SEC$6,1990$34 May, 19:25
LOWERREG$5,5780$44 May, 13:05
RAISE6SEC$3,7450$464 May, 18:10
LOWER60SEC$2,3420$34 May, 22:45
RAISE60SEC$1,5210$04 May, 04:05
RAISE5MIN$3550$04 May, 17:10
LOWER5MIN$1600$15 May, 03:20
Total$29,606

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

Battery dispatch

Discharged
2,943MWh
peak 812 MW · 18:30
Charged
2,658MWh
peak 609 MW
Net
+286MWh
discharge − charge
Round-trip
111%
discharge / charge ratio
Discharged
3,837MWh
peak 1,295 MW · 18:00
Charged
4,291MWh
peak 882 MW
Net
-454MWh
discharge − charge
Round-trip
89%
discharge / charge ratio
Discharged
1,106MWh
peak 304 MW · 08:00
Charged
2,330MWh
peak 427 MW
Net
-1,224MWh
discharge − charge
Round-trip
47%
discharge / charge ratio
Discharged
581MWh
peak 101 MW · 23:30
Charged
1,210MWh
peak 293 MW
Net
-628MWh
discharge − charge
Round-trip
48%
discharge / charge ratio
NEM-wide
Discharged
8,468MWh
peak 2,237 MW · 18:00
Charged
10,489MWh
peak 1,968 MW
Net
-2,021MWh
discharge − charge
Round-trip
81%
discharge / charge ratio

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +20.8 GWh 20
NSW1-QLD1 −44.0 GWh 0
VIC1-NSW1 +49.9 GWh 0
V-SA −13.1 GWh 21
T-V-MNSP1 −7.4 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
281.6k tCO₂
▼ 13.4% vs same day last week
Intensity by region
NSW 102.7k tCO₂ 0.583 tCO₂/MWh
QLD 97.9k tCO₂ 0.521 tCO₂/MWh
SA 1.5k tCO₂ 0.038 tCO₂/MWh
VIC 79.3k tCO₂ 0.499 tCO₂/MWh
TAS 252 tCO₂ 0.011 tCO₂/MWh