NEM
NEM Daily analysis

Saturday 7 November 2026

Trading day 2026-11-07

Market Snapshot

Victoria records 22.7 hours of negative prices to average $36.7/MWh

New South Wales recorded the highest average price at $61.9/MWh, while Victoria averaged $36.7/MWh. Victoria experienced 22.7 hours of negative prices, followed by Tasmania with 21.0 hours. South Australia reached the day's maximum price of $169.4/MWh at 22:10.

Queensland recorded the highest demand peak of 7847 MW at 18:50, followed by New South Wales at 7703 MW at 18:00. Victoria's demand peaked at 5926 MW at 19:50.

Coal accounted for 42.6 per cent of generation, with rooftop solar at 19.8 per cent and wind at 17.5 per cent. The renewable share averaged 53.6 per cent. Batteries discharged 16,480 MWh with a net position of -5649 MWh.

FCAS costs were highest for the raise regulation service at $29,450, with a peak price of $104/MW in Tasmania. Total emissions were 253,305 tonnes of carbon dioxide, 6.9 per cent below the same weekday last week.

AEMO issued notices for prices subject to review for every five-minute interval between 12:50 and 13:20.

Today · Pre-dispatch forecasts show South Australia reaching $138.0/MWh at 06:00, while Tasmania is forecast to reach $103.2/MWh at 19:00.

In context · Victoria's average of $36.7/MWh ranked sixth out of the last seven days, which ranged from $28.2/MWh to $122.5/MWh. The NEM average was 30.1 per cent below the seven-day average of $71.5/MWh.

NSW $62VIC $37QLD $51SA $58TAS $42
Numbers-only recap · gemini-3.1-pro-preview

Prices

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

NSW VIC QLD SA TAS
-$20 $18 $55 $93 $130 -$30 $8 $45 $83 $120 -$10 $20 $50 $80 $110 -$20 $23 $65 $108 $150 -$30 $8 $45 $83 $120 05:00 11:00 17:00 23:00 05:00
Region Avg VWAP Min Max Neg Cap
NSW $62 $69 -$24 $120 108 0
QLD $51 $58 -$10 $101 184 0
SA $58 $93 -$20 $169 194 0
VIC $37 $45 -$44 $111 272 0
TAS $42 $46 -$47 $120 252 0

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

Demand

NSW
Peak
7,703MW
19:00
Trough
3,774MW
11:20
Energy
292.4GWh
QLD
Peak
7,847MW
19:50
Trough
3,811MW
12:00
Energy
283.4GWh
SA
Peak
1,452MW
21:55
Trough
-235MW
15:25
Energy
39.6GWh
VIC
Peak
5,926MW
20:50
Trough
2,742MW
15:05
Energy
213.2GWh
TAS
Peak
1,244MW
20:50
Trough
821MW
12:00
Energy
48.5GWh

FCAS

ServiceCostSpikesPeakWhen
RAISEREG$5,5410$127 Nov, 23:30
LOWERREG$1,2350$87 Nov, 16:50
RAISE60SEC$1330$07 Nov, 08:10
RAISE6SEC$1290$07 Nov, 05:05
LOWER60SEC$1080$07 Nov, 16:55
LOWER5MIN$570$17 Nov, 16:50
LOWER6SEC$530$07 Nov, 16:30
RAISE5MIN$400$07 Nov, 06:05
Total$7,296

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

ServiceCostSpikesPeakWhen
RAISEREG$6,9220$127 Nov, 23:30
LOWERREG$6,7700$87 Nov, 16:50
LOWER6SEC$4,5540$77 Nov, 16:05
LOWER60SEC$4,4940$67 Nov, 14:25
LOWER5MIN$8580$17 Nov, 14:25
RAISE6SEC$1490$07 Nov, 05:05
RAISE60SEC$1140$07 Nov, 05:20
RAISE5MIN$360$07 Nov, 05:05
Total$23,896

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

ServiceCostSpikesPeakWhen
RAISEREG$6,5430$127 Nov, 23:30
LOWERREG$2,9190$87 Nov, 16:50
RAISE60SEC$1550$07 Nov, 08:10
RAISE6SEC$1250$07 Nov, 05:05
LOWER60SEC$850$07 Nov, 16:55
RAISE5MIN$730$07 Nov, 06:05
LOWER5MIN$370$17 Nov, 16:50
LOWER6SEC$360$07 Nov, 16:30
Total$9,972

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

ServiceCostSpikesPeakWhen
LOWERREG$2,3480$87 Nov, 16:50
RAISEREG$1,9230$127 Nov, 23:30
RAISE6SEC$2080$07 Nov, 05:05
RAISE60SEC$2030$07 Nov, 08:10
LOWER60SEC$840$07 Nov, 16:55
LOWER6SEC$600$07 Nov, 16:30
LOWER5MIN$590$17 Nov, 16:50
RAISE5MIN$550$07 Nov, 06:05
Total$4,940

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

ServiceCostSpikesPeakWhen
RAISEREG$8,5220$1047 Nov, 22:05
LOWERREG$3,2620$98 Nov, 03:35
RAISE6SEC$1,1100$07 Nov, 05:05
RAISE60SEC$1,1070$07 Nov, 05:05
RAISE5MIN$80$07 Nov, 16:20
LOWER6SEC$00$07 Nov, 16:30
LOWER60SEC$00$07 Nov, 16:55
LOWER5MIN$00$07 Nov, 17:25
Total$14,009

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

Battery dispatch

Peak moment

Fleet discharged 1,210 MW at 21:00 as NSW spot hit $97/MWh.

Peak moment

Fleet discharged 1,263 MW at 20:30 as QLD spot hit $91/MWh.

Peak moment

Fleet discharged 650 MW at 21:30 as VIC spot hit $91/MWh.

Peak moment

Fleet discharged 279 MW at 23:00 as SA spot hit $137/MWh.

Peak moment

Fleet discharged 2,982 MW at 20:30 as TAS spot hit $106/MWh.

Discharged
6,832MWh
peak 1,210 MW · 21:00
Charged
8,950MWh
peak 1,818 MW
Net
-2,118MWh
discharge − charge
Round-trip
76%
discharge / charge ratio
Discharged
5,383MWh
peak 1,263 MW · 20:30
Charged
6,289MWh
peak 1,464 MW
Net
-906MWh
discharge − charge
Round-trip
86%
discharge / charge ratio
Discharged
3,089MWh
peak 650 MW · 21:30
Charged
5,325MWh
peak 1,179 MW
Net
-2,237MWh
discharge − charge
Round-trip
58%
discharge / charge ratio
Discharged
1,176MWh
peak 279 MW · 23:00
Charged
1,565MWh
peak 453 MW
Net
-389MWh
discharge − charge
Round-trip
75%
discharge / charge ratio
NEM-wide
Discharged
16,480MWh
peak 2,982 MW · 20:30
Charged
22,129MWh
peak 3,365 MW
Net
-5,649MWh
discharge − charge
Round-trip
74%
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-$50$0$50$100$15000:3007:3714:4521:5205:00

Regional dispatch ranking

RegionDischargedNet
#1NSW
6,832MWh
-2,118
#2QLD
5,383MWh
-906
#3VIC
3,089MWh
-2,237
#4SA
1,176MWh
-389

Generation Mix

TOP FUEL 40.8%
  • Coal40.8% · 77.1 GWh
  • Gas0.5% · 1.0 GWh
  • Hydro5.6% · 10.5 GWh
  • Wind12.4% · 23.4 GWh
  • Solar (utility)14.8% · 28.1 GWh
  • Solar (rooftop)22.3% · 42.1 GWh
  • Battery3.6% · 6.8 GWh
TOP FUEL 57.0%
  • Coal57.0% · 120.7 GWh
  • Gas0.5% · 1.0 GWh
  • Hydro4.4% · 9.2 GWh
  • Wind6.5% · 13.7 GWh
  • Solar (utility)11.9% · 25.2 GWh
  • Solar (rooftop)17.2% · 36.5 GWh
  • Battery2.5% · 5.4 GWh
TOP FUEL 42.7%
  • Coal42.7% · 67.4 GWh
  • Hydro1.6% · 2.5 GWh
  • Wind27.7% · 43.7 GWh
  • Solar (utility)8.8% · 13.9 GWh
  • Solar (rooftop)17.3% · 27.4 GWh
  • Battery2.0% · 3.1 GWh
TOP FUEL 52.8%
  • Gas7.6% · 3.5 GWh
  • Wind52.8% · 23.9 GWh
  • Solar (utility)2.8% · 1.3 GWh
  • Solar (rooftop)34.1% · 15.5 GWh
  • Battery2.6% · 1.2 GWh
TOP FUEL 66.0%
  • Hydro66.0% · 12.6 GWh
  • Wind23.6% · 4.5 GWh
  • Solar (rooftop)10.3% · 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)
00:3006:3712:4518:5201:007.2 GW 0
gasbattery dischargewindsolar utilitysolar rooftopBattery (charge)
00:3006:3712:4518:5201:002.5 GW 0
hydrowindsolar rooftop
00:3006:3712:4518:5201:000.9 GW 0

Renewables

NSW · Daily renewable share
51.0%
VIC · Daily renewable share
62.5%
QLD · Daily renewable share
47.5%
SA · Daily renewable share
111.3%
TAS · Daily renewable share
66.8%
Peak instantaneous
81.2%
at 11:20
Daily NEM-wide share
53.6%
By region (daily share)
  • NSW
    51.0%
  • VIC
    62.5%
  • QLD
    47.5%
  • SA
    111.3%
  • TAS
    66.8%

Interconnectors

Region (proxy) Net flow Direction changes Hours at limit
N-Q-MNSP1 +22.5 GWh 8 —
NSW1-QLD1 −37.7 GWh 6 —
VIC1-NSW1 +20.0 GWh 31 —
V-SA +18.6 GWh 1 —
T-V-MNSP1 −19.0 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
253.3k tCO₂
▼ 6.9% vs same day last week
Intensity by region
NSW 67.6k tCO₂ 0.350 tCO₂/MWh
QLD 105.0k tCO₂ 0.491 tCO₂/MWh
SA 1.7k tCO₂ 0.038 tCO₂/MWh
VIC 79.0k tCO₂ 0.499 tCO₂/MWh
TAS 0 tCO₂ 0.000 tCO₂/MWh