National Electricity Market

The National Electricity Market (NEM) is an interconnected system that links Australia's electricity generators and consumers across states like Queensland, New South Wales, Victoria, South Australia, Tasmania, and the Australian Capital Territory. It operates as a competitive market where electricity prices fluctuate based on supply and demand, ensuring efficient energy distribution. The NEM helps balance electricity supply with what consumers need, promotes fair pricing, and encourages investment in new energy sources. Overall, it functions as a unified platform for buying and selling electricity, supporting reliable and affordable power across the regions it covers.