The NEM closed out June with a split personality: overnight peaks drove sharp price events across SA, VIC, and QLD before renewable-heavy morning sessions dragged prices back sharply — VIC1 sitting at just $10.50/MWh by 06:25 AEST against an overnight peak above $200/MWh. SA1 averaged $87/MWh across the day but saw intervals from $130–$320/MWh during the 08:00–09:00 AEST demand peak near 1,870 MW. Watch the afternoon ramp across NSW1 and QLD1 as demand rebuilds post-morning-trough; NSW1 averaged $116/MWh on a $175/MWh max, and QLD1 tracked similarly.
Tasmania is today's standout. Two significant events landed in TAS1: a major binding constraint T_BLINK_TV_NGZ posted an extraordinary shadow price of $7.308 million during the 05:40–06:05 window, pushing regional prices to $73–74/MWh before moderating. Separately, hydro and wind combined to deliver 100% renewable generation during the evening — a full-dispatch milestone — with prices holding in the $10–$25/MWh range for most of that period before edging to $50.20/MWh in the final intervals. TAS1 averaged just $58/MWh on the day, the lowest in the NEM.
Not quiet in WA. The WEM recorded a moderate price spike during the 16:10–16:25 AEST trading window, with the regional reference price hitting $250.39/MWh — up sharply from $106.35/MWh just 25 minutes prior — and sustaining above $242/MWh across five consecutive intervals, indicating a supply-demand imbalance during the late-afternoon period. WA1 averaged $120/MWh on the day with a session max of $261/MWh, the second-highest daily average across all six regions.
LOR: No LOR conditions are forecast across the NEM in the next 48 hours per ST PASA. Gas: