NEM
NEM Daily analysis

Friday 6 November 2026

Trading day 2026-11-06

Market Snapshot

SA records 20.3 negative price hours to average $9.1/MWh

NSW averaged $76.8/MWh with 0.2 negative hours. SA averaged $9.1/MWh with 20.3 negative hours. QLD recorded 17.8 negative hours, VIC 13.2 hours and TAS 10.7 hours. There were no cap hours in any region.

NSW demand peaked at 8110 MW at 18:55. QLD reached 7905 MW at 18:35, VIC 5766 MW at 06:20, SA 1470 MW at 19:45 and TAS 1184 MW at 19:20.

Coal contributed 42.5 per cent of generation, rooftop solar 20.5 per cent, utility solar 12.9 per cent and wind 12.7 per cent. Hydro supplied 5.8 per cent and gas 2.0 per cent. Batteries discharged 22,101 MWh with a net load of 876 MWh.

FCAS costs were highest for the LOWERREG service at $30,632, peaking at $65/MW in TAS. Total emissions were 268,640 tonnes of carbon dioxide, 4.9 per cent below the same weekday last week.

Today · Pre-dispatch forecasts show VIC reaching $362.96/MWh at 00:30, alongside TAS at $350.16/MWh and SA at $233.34/MWh.

In context · The NEM average of $52.1/MWh was below the seven-day average of $71.0/MWh, ranking sixth for the week. SA's average of $9.1/MWh was below its seven-day average of $42.7/MWh and below the $17.92/MWh recorded on the same weekday last week.

NSW $77VIC $52QLD $48SA $9TAS $56
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 $33 $65 $98 $130 -$20 $18 $55 $93 $130 -$10 $20 $50 $80 $110 -$320 -$202 -$85 $33 $150 -$10 $28 $65 $103 $140 05:00 11:00 17:00 23:00 05:00
Region Avg VWAP Min Max Neg Cap
NSW $77 $82 -$7 $125 2 0
QLD $48 $54 -$8 $106 214 0
SA $9 $61 -$320 $153 244 0
VIC $52 $57 -$20 $145 158 0
TAS $56 $58 -$8 $148 128 0

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

Demand

NSW
Peak
8,110MW
19:55
Trough
3,482MW
13:40
Energy
299.0GWh
QLD
Peak
7,905MW
19:35
Trough
4,466MW
11:50
Energy
291.0GWh
SA
Peak
1,470MW
20:45
Trough
-34MW
15:05
Energy
45.6GWh
VIC
Peak
5,766MW
07:20
Trough
3,132MW
13:15
Energy
220.4GWh
TAS
Peak
1,184MW
20:20
Trough
895MW
15:20
Energy
48.6GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$4,6750$206 Nov, 15:30
LOWERREG$4,2800$446 Nov, 16:00
RAISE60SEC$2800$06 Nov, 07:40
RAISE6SEC$1870$06 Nov, 07:40
RAISE5MIN$550$06 Nov, 08:05
LOWER60SEC$410$06 Nov, 17:25
LOWER6SEC$320$06 Nov, 05:05
LOWER5MIN$280$06 Nov, 16:20
Total$9,577

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

ServiceCostSpikesPeakWhen
LOWER6SEC$20,5810$256 Nov, 16:05
LOWER60SEC$19,5450$186 Nov, 15:20
LOWERREG$8,9500$456 Nov, 16:00
RAISEREG$7,1500$206 Nov, 15:30
LOWER5MIN$4,5510$106 Nov, 16:10
RAISE6SEC$1910$06 Nov, 07:05
RAISE60SEC$1640$06 Nov, 06:10
RAISE5MIN$440$06 Nov, 06:10
Total$61,177

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

ServiceCostSpikesPeakWhen
RAISEREG$7,1740$206 Nov, 15:30
LOWERREG$5,7090$446 Nov, 16:00
RAISE60SEC$3130$06 Nov, 07:40
RAISE6SEC$2340$06 Nov, 07:40
RAISE5MIN$1010$06 Nov, 08:05
LOWER60SEC$330$06 Nov, 17:25
LOWER6SEC$190$06 Nov, 05:05
LOWER5MIN$180$06 Nov, 16:20
Total$13,600

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

ServiceCostSpikesPeakWhen
LOWERREG$3,0050$446 Nov, 16:00
RAISEREG$2,3730$206 Nov, 15:30
RAISE60SEC$4220$06 Nov, 07:40
RAISE6SEC$3610$06 Nov, 07:40
RAISE5MIN$830$06 Nov, 08:05
LOWER60SEC$490$06 Nov, 17:25
LOWER6SEC$440$06 Nov, 05:05
LOWER5MIN$380$06 Nov, 16:20
Total$6,376

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

ServiceCostSpikesPeakWhen
LOWERREG$8,6870$657 Nov, 04:10
RAISEREG$8,0930$137 Nov, 04:45
RAISE6SEC$1,2210$06 Nov, 05:05
RAISE60SEC$1,2170$06 Nov, 05:10
LOWER6SEC$390$16 Nov, 06:30
RAISE5MIN$390$06 Nov, 06:25
LOWER60SEC$330$06 Nov, 06:30
LOWER5MIN$70$06 Nov, 06:30
Total$19,337

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

Battery dispatch

Peak moment

Fleet discharged 1,510 MW at 21:00 as NSW spot hit $97/MWh.

Peak moment

Fleet discharged 1,216 MW at 19:30 as QLD spot hit $94/MWh.

Peak moment

Fleet discharged 1,059 MW at 20:00 as VIC spot hit $82/MWh.

Peak moment

Fleet discharged 258 MW at 21:00 as SA spot hit $92/MWh.

Peak moment

Fleet discharged 3,604 MW at 21:00 as TAS spot hit $95/MWh.

Discharged
9,143MWh
peak 1,510 MW · 21:00
Charged
9,356MWh
peak 1,947 MW
Net
-213MWh
discharge − charge
Round-trip
98%
discharge / charge ratio
Discharged
5,503MWh
peak 1,216 MW · 19:30
Charged
6,524MWh
peak 1,254 MW
Net
-1,020MWh
discharge − charge
Round-trip
84%
discharge / charge ratio
Discharged
5,296MWh
peak 1,059 MW · 20:00
Charged
4,745MWh
peak 782 MW
Net
+551MWh
discharge − charge
Round-trip
112%
discharge / charge ratio
Discharged
2,159MWh
peak 258 MW · 21:00
Charged
2,353MWh
peak 485 MW
Net
-194MWh
discharge − charge
Round-trip
92%
discharge / charge ratio
NEM-wide
Discharged
22,101MWh
peak 3,604 MW · 21:00
Charged
22,977MWh
peak 3,829 MW
Net
-876MWh
discharge − charge
Round-trip
96%
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-$400-$200$0$20000:3007:3714:4521:5205:00

Regional dispatch ranking

RegionDischargedNet
#1NSW
9,143MWh
-213
#2QLD
5,503MWh
-1,020
#3VIC
5,296MWh
+551
#4SA
2,159MWh
-194

Generation Mix

TOP FUEL 41.7%
  • Coal41.7% · 83.8 GWh
  • Gas0.4% · 0.9 GWh
  • Hydro6.3% · 12.7 GWh
  • Wind5.0% · 10.0 GWh
  • Solar (utility)17.4% · 34.9 GWh
  • Solar (rooftop)24.3% · 48.8 GWh
  • Battery4.6% · 9.1 GWh
  • Other0.3% · 0.6 GWh
TOP FUEL 53.8%
  • Coal53.8% · 120.4 GWh
  • Gas0.7% · 1.5 GWh
  • Hydro4.6% · 10.2 GWh
  • Wind5.7% · 12.6 GWh
  • Solar (utility)14.7% · 32.8 GWh
  • Solar (rooftop)18.1% · 40.5 GWh
  • Battery2.5% · 5.5 GWh
TOP FUEL 43.6%
  • Coal43.6% · 72.5 GWh
  • Gas1.5% · 2.5 GWh
  • Hydro1.6% · 2.7 GWh
  • Wind23.8% · 39.5 GWh
  • Solar (utility)9.4% · 15.6 GWh
  • Solar (rooftop)16.5% · 27.4 GWh
  • Battery3.2% · 5.3 GWh
  • Other0.3% · 0.5 GWh
TOP FUEL 40.7%
  • Gas22.1% · 8.2 GWh
  • Wind30.3% · 11.3 GWh
  • Solar (utility)1.1% · 0.4 GWh
  • Solar (rooftop)40.7% · 15.2 GWh
  • Battery5.8% · 2.2 GWh
TOP FUEL 53.6%
  • Gas1.1% · 0.2 GWh
  • Hydro53.6% · 12.2 GWh
  • Wind39.0% · 8.9 GWh
  • Solar (rooftop)6.3% · 1.4 GWh
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:0011.1 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:0011.6 GW 0
coalgashydrobattery dischargewindsolar utilitysolar rooftopotherBattery (charge)
00:3006:3712:4518:5201:008.3 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:002.0 GW 0
gashydrowindsolar rooftop
00:3006:3712:4518:5201:001.4 GW 0

Renewables

NSW · Daily renewable share
50.1%
VIC · Daily renewable share
61.1%
QLD · Daily renewable share
51.2%
SA · Daily renewable share
71.1%
TAS · Daily renewable share
78.4%
Peak instantaneous
82.2%
at 15:00
Daily NEM-wide share
51.4%
By region (daily share)
  • NSW
    50.1%
  • VIC
    61.1%
  • QLD
    51.2%
  • SA
    71.1%
  • TAS
    78.4%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +36.1 GWh 0 —
NSW1-QLD1 −43.8 GWh 12 —
VIC1-NSW1 +33.4 GWh 12 —
V-SA −4.7 GWh 4 —
T-V-MNSP1 −16.4 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
268.6k tCO₂
▼ 4.9% vs same day last week
Intensity by region
NSW 73.3k tCO₂ 0.354 tCO₂/MWh
QLD 105.0k tCO₂ 0.464 tCO₂/MWh
SA 4.0k tCO₂ 0.103 tCO₂/MWh
VIC 86.3k tCO₂ 0.514 tCO₂/MWh
TAS 144 tCO₂ 0.007 tCO₂/MWh