National Electricity Market (Australia)

The National Electricity Market (NEM) is Australia's interconnected system for buying and selling electricity across several states. It links power generators and retailers through a common market, enabling real-time trading to ensure supply meets demand efficiently. This system promotes competition, helps control prices, and integrates various energy sources, including renewable and traditional power. Operated by a central body, the NEM ensures reliable electricity delivery across the eastern and southern parts of Australia while adapting to changing energy needs and technologies.