VIC1 · NEM — 5-min dispatch intervals
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Victoria has historically been Australia's brown coal heartland, with the Latrobe Valley generators — Yallourn and Loy Yang A and B — providing low-cost baseload power for decades. However, the progressive retirement of these assets is fundamentally reshaping Victoria's wholesale electricity market and driving increased price volatility.
The state has emerged as a major hub for wind generation, particularly across western Victoria where large-scale wind farms contribute a growing share of the generation mix. Victoria is one of the most interconnected NEM regions, with links to New South Wales, South Australia, and Tasmania via the Basslink HVDC undersea cable.
Victorian wholesale electricity prices are heavily influenced by the interplay between ageing thermal generation, variable wind output, and interconnector flows. As coal closures accelerate, the state's reliance on renewables and imports from neighbouring regions is expected to increase significantly.