NEM
NEM Daily analysis

Sunday 20 September 2026

Trading day 2026-09-20

Prices

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

NSW VIC QLD SA TAS
-$20 $33 $85 $138 $190 -$70 -$27 $15 $58 $100 -$20 $38 $95 $153 $210 -$90 -$42 $5 $53 $100 -$70 -$27 $15 $58 $100 04:00 10:00 16:00 22:00 04:00
Region Avg VWAP Min Max Neg Cap
NSW $57 $69 -$12 $384 212 0
QLD $60 $74 -$12 $446 212 0
SA -$26 -$15 -$100 $1 554 0
VIC -$20 -$13 -$69 $146 508 0
TAS -$10 -$9 -$72 $270 490 0

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

Demand

NSW
Peak
8,434MW
18:55
Trough
3,309MW
12:05
Energy
291.8GWh
QLD
Peak
7,208MW
18:30
Trough
2,681MW
11:35
Energy
242.2GWh
SA
Peak
1,548MW
19:15
Trough
8MW
12:55
Energy
45.9GWh
VIC
Peak
5,489MW
19:00
Trough
2,011MW
12:55
Energy
184.3GWh
TAS
Peak
1,058MW
18:50
Trough
731MW
11:15
Energy
43.5GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$2,7020$820 Sept, 09:30
LOWERREG$1,3570$420 Sept, 15:45
LOWER60SEC$1050$020 Sept, 11:45
RAISE60SEC$710$020 Sept, 04:05
RAISE6SEC$710$020 Sept, 04:05
LOWER5MIN$700$120 Sept, 15:55
LOWER6SEC$360$020 Sept, 15:40
RAISE5MIN$300$020 Sept, 05:40
Total$4,442

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

ServiceCostSpikesPeakWhen
RAISEREG$7,8330$820 Sept, 09:30
LOWERREG$2,4010$420 Sept, 15:45
LOWER60SEC$3800$020 Sept, 11:45
RAISE6SEC$1950$020 Sept, 04:05
RAISE60SEC$1880$020 Sept, 04:05
LOWER5MIN$1610$120 Sept, 15:55
LOWER6SEC$560$020 Sept, 15:40
RAISE5MIN$350$020 Sept, 05:40
Total$11,249

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

ServiceCostSpikesPeakWhen
RAISEREG$13,1920$820 Sept, 09:30
LOWERREG$1,9700$420 Sept, 15:45
RAISE60SEC$2390$020 Sept, 04:05
LOWER60SEC$2250$020 Sept, 11:45
RAISE6SEC$2030$020 Sept, 04:05
LOWER5MIN$1000$120 Sept, 15:55
RAISE5MIN$950$020 Sept, 05:40
LOWER6SEC$420$020 Sept, 15:40
Total$16,066

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

ServiceCostSpikesPeakWhen
RAISEREG$3,1070$820 Sept, 09:30
LOWERREG$1,6740$420 Sept, 15:45
LOWER60SEC$1880$020 Sept, 11:45
RAISE6SEC$1700$020 Sept, 04:05
RAISE60SEC$1470$020 Sept, 04:05
LOWER5MIN$1360$120 Sept, 15:55
LOWER6SEC$640$020 Sept, 15:40
RAISE5MIN$430$020 Sept, 05:40
Total$5,529

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

ServiceCostSpikesPeakWhen
LOWERREG$34,8700$5820 Sept, 11:10
RAISEREG$12,6030$28320 Sept, 14:00
RAISE6SEC$3,3700$33720 Sept, 14:00
RAISE60SEC$6380$020 Sept, 04:05
LOWER6SEC$4690$4120 Sept, 17:40
LOWER60SEC$200$020 Sept, 11:45
LOWER5MIN$140$120 Sept, 15:55
RAISE5MIN$00$020 Sept, 05:40
Total$51,986

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

Battery dispatch

Peak moment

Fleet discharged 1,355 MW at 19:00 as NSW spot hit $90/MWh.

Peak moment

Fleet discharged 1,613 MW at 18:30 as QLD spot hit $107/MWh.

Peak moment

Fleet discharged 494 MW at 18:00 as VIC spot hit $62/MWh.

Peak moment

Fleet discharged 22 MW at 19:30 as SA spot hit -$21/MWh.

Peak moment

Fleet discharged 3,067 MW at 19:00 as TAS spot hit $26/MWh.

Discharged
5,620MWh
peak 1,355 MW · 19:00
Charged
8,291MWh
peak 1,344 MW
Net
-2,671MWh
discharge − charge
Round-trip
68%
discharge / charge ratio
Discharged
5,297MWh
peak 1,613 MW · 18:30
Charged
6,352MWh
peak 1,210 MW
Net
-1,055MWh
discharge − charge
Round-trip
83%
discharge / charge ratio
Discharged
1,053MWh
peak 494 MW · 18:00
Charged
4,790MWh
peak 980 MW
Net
-3,737MWh
discharge − charge
Round-trip
22%
discharge / charge ratio
Discharged
159MWh
peak 22 MW · 19:30
Charged
2,405MWh
peak 443 MW
Net
-2,246MWh
discharge − charge
Round-trip
7%
discharge / charge ratio
NEM-wide
Discharged
12,129MWh
peak 3,067 MW · 19:00
Charged
21,838MWh
peak 3,581 MW
Net
-9,709MWh
discharge − charge
Round-trip
56%
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$20023:3006:3713:4520:5204:00

Regional dispatch ranking

RegionDischargedNet
#1NSW
5,620MWh
-2,671
#2QLD
5,297MWh
-1,055
#3VIC
1,053MWh
-3,737
#4SA
159MWh
-2,246

Generation Mix

TOP FUEL 43.3%
  • Coal43.3% · 90.6 GWh
  • Gas0.5% · 1.0 GWh
  • Hydro5.1% · 10.7 GWh
  • Wind13.3% · 27.9 GWh
  • Solar (utility)15.0% · 31.3 GWh
  • Solar (rooftop)20.1% · 42.0 GWh
  • Battery2.7% · 5.6 GWh
TOP FUEL 56.2%
  • Coal56.2% · 98.8 GWh
  • Gas1.6% · 2.7 GWh
  • Hydro2.3% · 4.0 GWh
  • Wind4.9% · 8.5 GWh
  • Solar (utility)9.3% · 16.4 GWh
  • Solar (rooftop)22.7% · 39.9 GWh
  • Battery3.0% · 5.3 GWh
  • Other0.1% · 0.1 GWh
TOP FUEL 44.0%
  • Coal32.9% · 45.4 GWh
  • Hydro0.4% · 0.6 GWh
  • Wind44.0% · 60.7 GWh
  • Solar (utility)2.9% · 4.0 GWh
  • Solar (rooftop)19.1% · 26.4 GWh
  • Battery0.8% · 1.1 GWh
TOP FUEL 68.2%
  • Gas3.1% · 1.4 GWh
  • Wind68.2% · 30.4 GWh
  • Solar (utility)0.6% · 0.3 GWh
  • Solar (rooftop)27.7% · 12.3 GWh
  • Battery0.4% · 0.2 GWh
TOP FUEL 48.2%
  • Hydro48.2% · 9.6 GWh
  • Wind42.9% · 8.5 GWh
  • Solar (rooftop)8.9% · 1.8 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:0011.5 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
23:3005:3711:4517:5200:008.9 GW 0
coalhydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:007.2 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
23:3005:3711:4517:5200:002.2 GW 0
hydrowindsolar rooftop
23:3005:3711:4517:5200:001.1 GW 0

Renewables

NSW · Daily renewable share
53.9%
VIC · Daily renewable share
70.6%
QLD · Daily renewable share
43.3%
SA · Daily renewable share
110.5%
TAS · Daily renewable share
73.5%
Peak instantaneous
82.1%
at 11:40
Daily NEM-wide share
56.4%
By region (daily share)
  • NSW
    53.9%
  • VIC
    70.6%
  • QLD
    43.3%
  • SA
    110.5%
  • TAS
    73.5%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 −5.6 GWh 33
NSW1-QLD1 +3.8 GWh 27
VIC1-NSW1 +12.3 GWh 32
V-SA +7.2 GWh 19
T-V-MNSP1 −14.5 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
221.5k tCO₂
▼ 10.1% vs same day last week
Intensity by region
NSW 79.6k tCO₂ 0.375 tCO₂/MWh
QLD 87.6k tCO₂ 0.489 tCO₂/MWh
SA 607 tCO₂ 0.014 tCO₂/MWh
VIC 53.7k tCO₂ 0.393 tCO₂/MWh
TAS 0 tCO₂ 0.000 tCO₂/MWh