NEM overnight prices touched sub-$1/MWh troughs in Queensland between roughly 08:00–09:00 AEST before the morning ramp took hold across all regions. By 06:30 AEST, QLD1 had climbed to $92.57/MWh, VIC1 to $92.66/MWh, and SA1 to $95.35/MWh — each tracking demand rises cleanly through the early session. The QNI interconnector is saturated at its Queensland import limit of –527 MW, meaning NSW is pushing maximum allowable flow north. Watch morning ramp continuation across eastern regions and any easing of QNI saturation as QLD self-supply builds through the day.
Tasmania is the standout for two reasons this morning. First, TAS1 recorded a binding constraint event — T_BLINK_TV_NGZ — with an extraordinary shadow price of $7,308,000, signalling severe internal network congestion or an equipment limitation within the Tasmanian transmission network. Notably, regional spot prices held relatively contained despite the constraint, averaging $89/MWh across the 24-hour window with a modest maximum of $109/MWh. Second, TAS1 achieved 100% renewable penetration during the morning period, with hydro running at approximately 750–770 MW supplemented by 60–80 MW of wind and no gas online. Carbon intensity registered at 0.00 tCO2/MWh — a routine outcome for Tasmania's hydro-dominant fleet but worth noting for sustainability reporting.
The WA Wholesale Electricity Market was the priciest jurisdiction on a 24-hour average basis, with WA1 recording an average of $102/MWh and a maximum of $109/MWh — a relatively narrow trading range compared to eastern markets. No notable events or constraints were flagged for the WEM in the data available for this period.
LOR: No Lack of Reserve conditions are forecast across the NEM in the next 48 hours per STPASA. Gas: STTM hub prices edged up day-on-day — Sydney at $10.98/GJ and Adelaide at