Tasmania had the highest average spot price, $85.24/MWh, and Victoria the lowest, $35.68/MWh.
Across the five regions the average was $58.03/MWh, down 10% on March 2026.
Prices went below zero for 232.1 hours in Victoria, 32% of the month, the most of any region.
The highest 5-minute price was $392.88/MWh in Queensland on 13 April at 15:30.
The lowest was -$188.99/MWh in South Australia on 3 April at 13:20.
Spot prices by region, April 2026
| Region | Average | Lowest | Highest | Negative hours | Share of month | Intervals over $300 | Over $5,000 |
|---|---|---|---|---|---|---|---|
| Queensland | $53.31 | -$102.345 April at 11:20 | $392.8813 April at 15:30 | 97.6 | 14% | 2 | 0 |
| New South Wales | $59.73 | -$25.5012 April at 11:50 | $237.868 April at 06:10 | 47.2 | 7% | 0 | 0 |
| Victoria | $35.68 | -$120.014 April at 13:00 | $277.0220 April at 08:00 | 232.1 | 32% | 0 | 0 |
| South Australia | $56.18 | -$188.993 April at 13:20 | $370.008 April at 02:35 | 216.8 | 30% | 40 | 0 |
| Tasmania | $85.24 | -$13.9611 April at 15:35 | $241.6220 April at 08:10 | 0.9 | 0% | 0 | 0 |
FCAS, monthly average prices
| Market | QLD | NSW | VIC | SA | TAS |
|---|---|---|---|---|---|
| Raise regulation | $3.99 | $4.00 | $4.00 | $4.03 | $4.74 |
| Lower regulation | $2.33 | $2.09 | $2.09 | $2.09 | $2.38 |
| Raise 1 second | $0.02 | $0.02 | $0.02 | $0.04 | $0.01 |
| Raise 6 second | $0.04 | $0.08 | $0.08 | $0.12 | $5.40 |
| Raise 60 second | $0.02 | $0.08 | $0.08 | $0.13 | $0.47 |
| Raise 5 minute | $0.01 | $0.02 | $0.02 | $0.05 | $0.20 |
| Lower 1 second | $2.97 | $0.00 | $0.00 | $0.43 | $0.00 |
| Lower 6 second | $1.07 | $0.01 | $0.01 | $0.02 | $2.31 |
| Lower 60 second | $0.99 | $0.05 | $0.05 | $0.05 | $0.41 |
| Lower 5 minute | $0.27 | $0.02 | $0.02 | $0.03 | $0.20 |
Download the figures behind this report: spot prices and negative hours (CSV), FCAS averages (CSV). What this month would have meant for a battery: the BESS revenue calculator.
Data: Australian Energy Market Operator (AEMO), NEMWeb dispatch reports, used under AEMO's Copyright Permissions. Processed by ElectraGlobe. Prices are 5-minute dispatch prices in NEM time and may be revised. Informational only. Not for trading or financial decisions.