Market analysis of 26 November 2022
Victoria recorded a wholesale electricity price high of AUD 170.50/MWh at 19:00 on 26 November 2022 and a low of −AUD 466.30/MWh at 08:00. The arithmetic average across its 288 five-minute observations was AUD 3.10/MWh.
Across the day, 146 observations were below zero, a total of 12.2 hours. The spread between the highest and lowest prices was AUD 636.80/MWh.
The Five-Minute Price Curve
The first chart shows each five-minute price for Victoria through the day, with times in fixed UTC+10. Timing matters for any operator: a battery or flexible load gains from the gap between the cheapest and dearest intervals, while a generator’s result depends on when its energy was delivered.
How The Five Regions Compared
Daily average prices in the other regions were: Queensland AUD 89.42/MWh, New South Wales AUD 82.22/MWh, Tasmania AUD 26.50/MWh, South Australia AUD 0.58/MWh. The second chart compares the five regional averages for 26 November 2022.
What The Day Means For Operations
For a battery operator, the question is where charging and discharging belonged within this curve. For a generator or retailer, the same timestamps show which intervals carried the most value or cost. Reviewing the day interval by interval keeps these signals visible where a daily average would hide them.
This analysis uses Network Map’s regional observations dated 26 November 2022. Prices are in Australian dollars per megawatt-hour, times use fixed UTC+10, and daily averages give equal weight to each five-minute observation.
Explore The Data
Markets, Revenue Reconciliation, Battery Revenue Benchmarks.
