National Electricity Market (NEM)

The National Electricity Market (NEM) is a large, interconnected system that links electricity generators and consumers across Australia's eastern and southern states. It ensures the reliable flow of electricity by balancing supply and demand through real-time pricing. The market encourages competition among producers, leading to efficient electricity costs for consumers. Managed by the Australian Energy Market Operator (AEMO), the NEM operates 24/7, facilitating the trading of electricity and promoting a stable, sustainable supply while integrating renewable energy sources.