NEM Regional Volatility and Price

The tables below specify the forecast Volatility Factors and Average Prices calculated for input to the prudential settings calculations over the previous three seasonal reviews (when available).

Outstandings Limit Volatility Factor (VFOSLR)

Region  2025 Shoulder 2026 Summer  2026 Winter 
NSW  1.57 1.46 1.62
QLD  1.61 1.47  1.54
SA  1.44 1.72  1.79
TAS  1.67 1.38  1.79
VIC  1.59 1.63  1.74

Prudential Margin Volatility Factor (VFPMR)

Region  2025 Shoulder 2026 Summer  2026 Winter 
NSW  2.19 2.95  2.95 
QLD  2.28 2.87  2.79
SA  2.52 3.94  3.46
TAS  1.99 1.8  2.62
VIC  2.18 3.79  2.95 

Average Price (PR)

Region  2025 Shoulder 2026 Summer  2026 Winter
NSW  $80.82 $78.32  $110.06 
QLD  $71.18 $90.27  $90.37
SA  $53.99 $64.97  $109.70
TAS  $55.34 $72.07  $86.52
VIC  $47.04 $52.80  $92.98

Review Seasons

Review Season MCL Effective Date Calculation includes data up to this date
2026 Summer  02-Dec-25  18-Oct-25 
2026 Winter 01-Apr-26 14-Feb-26
2026 Shoulder 01-Sep-26
18-Jul-26
2027 Summer  01-Dec-26  17-Oct-26 
2027 Winter
01-Apr-27
13-Feb-27

For details information about regional volatility factors and prices, please refer to Credit Limit Procedures Supporting Information page.

For further information, please contact AEMO's Information and Support Hub.

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