NEM
NEM Daily analysis

Sunday 1 November 2026

Trading day 2026-11-01

Market Snapshot

New South Wales records maximum price of $206.8/MWh at 00:40

New South Wales recorded the highest average price at $95.0/MWh, while South Australia recorded the lowest at $76.1/MWh. South Australia experienced 1.2 hours of negative prices, reaching minus $20.0/MWh at 17:35.

Demand peaked at 8041 MW in New South Wales at 18:50. Queensland demand reached 7659 MW at 18:30, and Victoria recorded a peak of 5453 MW at 19:20.

Coal accounted for 48.7 per cent of generation, followed by rooftop solar at 17.3 per cent. The instantaneous renewable share reached 74.2 per cent at 11:40. Batteries discharged 19624 MWh.

Total emissions were 280242 tCO2, down 6.5 per cent from the same weekday last week. FCAS costs were highest for the raise regulation service at $34928.

AEMO issued multiple notices for prices subject to review between 04:10 and 04:35. Further notices for prices subject to review were issued between 17:45 and 18:10.

Today · Predispatch forecasts indicate prices will peak at $210.0/MWh in New South Wales at 20:00.

In context · The NEM average price of $85.3/MWh ranked third highest over the past seven days. South Australia recorded an average of $76.1/MWh, the highest for the region in the seven days.

NSW $95VIC $83QLD $89SA $76TAS $83
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 $48 $95 $143 $190 $0 $43 $85 $128 $170 $0 $43 $85 $128 $170 $0 $40 $80 $120 $160 $0 $40 $80 $120 $160 05:00 11:00 17:00 23:00 05:00
Region Avg VWAP Min Max Neg Cap
NSW $95 $102 $26 $207 0 0
QLD $89 $94 $21 $188 0 0
SA $76 $80 -$20 $181 14 0
VIC $83 $91 -$5 $190 6 0
TAS $83 $86 -$1 $174 4 0

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

Demand

NSW
Peak
8,041MW
19:50
Trough
4,065MW
13:55
Energy
294.8GWh
QLD
Peak
7,659MW
19:30
Trough
4,561MW
08:55
Energy
285.7GWh
SA
Peak
1,441MW
20:30
Trough
628MW
11:15
Energy
54.9GWh
VIC
Peak
5,453MW
20:20
Trough
2,492MW
13:05
Energy
196.6GWh
TAS
Peak
1,155MW
20:00
Trough
767MW
13:55
Energy
45.4GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$5,4170$161 Nov, 17:15
LOWERREG$4630$51 Nov, 17:15
LOWER60SEC$1870$01 Nov, 16:00
RAISE6SEC$1460$01 Nov, 06:40
RAISE60SEC$1260$01 Nov, 06:40
LOWER5MIN$1040$01 Nov, 16:55
LOWER6SEC$740$01 Nov, 16:05
RAISE5MIN$350$01 Nov, 06:15
Total$6,551

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

ServiceCostSpikesPeakWhen
RAISEREG$7,5780$161 Nov, 17:15
LOWERREG$1,9990$51 Nov, 17:15
LOWER60SEC$1820$01 Nov, 16:00
RAISE6SEC$1660$01 Nov, 06:40
RAISE60SEC$1270$01 Nov, 06:40
LOWER5MIN$1140$01 Nov, 16:55
LOWER6SEC$790$01 Nov, 16:05
RAISE5MIN$380$01 Nov, 06:15
Total$10,283

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

ServiceCostSpikesPeakWhen
RAISEREG$7,7240$161 Nov, 17:15
LOWERREG$1,2300$51 Nov, 17:15
LOWER60SEC$2020$01 Nov, 16:00
RAISE60SEC$1180$01 Nov, 06:40
RAISE6SEC$1110$01 Nov, 06:40
LOWER6SEC$850$01 Nov, 16:05
LOWER5MIN$680$01 Nov, 16:55
RAISE5MIN$590$01 Nov, 06:15
Total$9,598

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

ServiceCostSpikesPeakWhen
RAISEREG$4,4070$161 Nov, 17:15
LOWERREG$2,2230$51 Nov, 17:15
LOWER60SEC$1600$01 Nov, 16:00
RAISE6SEC$1380$01 Nov, 06:40
RAISE60SEC$1190$01 Nov, 06:40
LOWER6SEC$920$01 Nov, 16:05
LOWER5MIN$760$01 Nov, 16:55
RAISE5MIN$400$01 Nov, 06:15
Total$7,256

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

ServiceCostSpikesPeakWhen
RAISEREG$9,8020$671 Nov, 10:55
LOWERREG$5,9920$551 Nov, 07:35
RAISE6SEC$2,9130$1041 Nov, 10:55
RAISE60SEC$4560$11 Nov, 05:05
LOWER6SEC$1370$31 Nov, 18:30
LOWER60SEC$780$21 Nov, 18:25
RAISE5MIN$80$01 Nov, 05:05
LOWER5MIN$40$01 Nov, 05:05
Total$19,389

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

Battery dispatch

Peak moment

Fleet discharged 1,067 MW at 20:00 as NSW spot hit $128/MWh.

Peak moment

Fleet discharged 1,449 MW at 20:00 as QLD spot hit $123/MWh.

Peak moment

Fleet discharged 744 MW at 21:00 as VIC spot hit $119/MWh.

Peak moment

Fleet discharged 388 MW at 07:00 as SA spot hit $60/MWh.

Peak moment

Fleet discharged 3,122 MW at 20:00 as TAS spot hit $107/MWh.

Discharged
7,910MWh
peak 1,067 MW · 20:00
Charged
9,015MWh
peak 1,725 MW
Net
-1,106MWh
discharge − charge
Round-trip
88%
discharge / charge ratio
Discharged
5,322MWh
peak 1,449 MW · 20:00
Charged
6,320MWh
peak 1,379 MW
Net
-999MWh
discharge − charge
Round-trip
84%
discharge / charge ratio
Discharged
4,578MWh
peak 744 MW · 21:00
Charged
4,902MWh
peak 1,160 MW
Net
-324MWh
discharge − charge
Round-trip
93%
discharge / charge ratio
Discharged
1,815MWh
peak 388 MW · 07:00
Charged
2,345MWh
peak 517 MW
Net
-530MWh
discharge − charge
Round-trip
77%
discharge / charge ratio
NEM-wide
Discharged
19,624MWh
peak 3,122 MW · 20:00
Charged
22,582MWh
peak 4,273 MW
Net
-2,958MWh
discharge − charge
Round-trip
87%
discharge / charge ratio

Fleet net dispatch · spot-price overlay · 30-min average

Net MWdischarge ↑ · charge ↓NSWQLDVICSATAS$/MWh
-6.0 GW-4.0 GW-2.0 GW0 MW2.0 GW4.0 GW$0$50$100$150$20000:3007:3714:4521:5205:00

Regional dispatch ranking

RegionDischargedNet
#1NSW
7,910MWh
-1,106
#2QLD
5,322MWh
-999
#3VIC
4,578MWh
-324
#4SA
1,815MWh
-530

Generation Mix

TOP FUEL 46.4%
  • Coal46.4% · 86.9 GWh
  • Gas0.4% · 0.8 GWh
  • Hydro4.6% · 8.6 GWh
  • Wind8.7% · 16.3 GWh
  • Solar (utility)13.8% · 25.8 GWh
  • Solar (rooftop)21.9% · 41.0 GWh
  • Battery4.2% · 7.9 GWh
TOP FUEL 57.2%
  • Coal57.2% · 113.6 GWh
  • Gas0.4% · 0.9 GWh
  • Hydro4.1% · 8.1 GWh
  • Wind7.0% · 14.0 GWh
  • Solar (utility)14.5% · 28.8 GWh
  • Solar (rooftop)14.1% · 28.1 GWh
  • Battery2.7% · 5.3 GWh
TOP FUEL 59.0%
  • Coal59.0% · 87.1 GWh
  • Hydro2.9% · 4.3 GWh
  • Wind10.7% · 15.8 GWh
  • Solar (utility)7.7% · 11.4 GWh
  • Solar (rooftop)16.5% · 24.4 GWh
  • Battery3.1% · 4.6 GWh
TOP FUEL 57.2%
  • Gas8.2% · 2.7 GWh
  • Wind57.2% · 18.7 GWh
  • Solar (utility)8.3% · 2.7 GWh
  • Solar (rooftop)20.8% · 6.8 GWh
  • Battery5.5% · 1.8 GWh
TOP FUEL 68.0%
  • Hydro68.0% · 16.0 GWh
  • Wind24.3% · 5.7 GWh
  • Solar (rooftop)7.7% · 1.8 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:0010.0 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:0010.3 GW 0
coalhydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:007.6 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:002.1 GW 0
hydrowindsolar rooftop
00:3006:3712:4518:5201:001.5 GW 0

Renewables

NSW · Daily renewable share
48.1%
VIC · Daily renewable share
46.7%
QLD · Daily renewable share
45.6%
SA · Daily renewable share
81.5%
TAS · Daily renewable share
90.3%
Peak instantaneous
74.2%
at 12:40
Daily NEM-wide share
48.1%
By region (daily share)
  • NSW
    48.1%
  • VIC
    46.7%
  • QLD
    45.6%
  • SA
    81.5%
  • TAS
    90.3%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +19.9 GWh 26 —
NSW1-QLD1 −37.7 GWh 12 —
VIC1-NSW1 +22.1 GWh 2 —
V-SA +2.2 GWh 7 —
T-V-MNSP1 −2.7 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
280.2k tCO₂
▼ 6.5% vs same day last week
Intensity by region
NSW 75.9k tCO₂ 0.394 tCO₂/MWh
QLD 100.1k tCO₂ 0.497 tCO₂/MWh
SA 1.1k tCO₂ 0.033 tCO₂/MWh
VIC 103.1k tCO₂ 0.690 tCO₂/MWh
TAS 0 tCO₂ 0.000 tCO₂/MWh