Market analysis of 12 December 2022
New South Wales recorded a wholesale electricity price high of AUD 15,500.00/MWh at 08:40 on 12 December 2022 and a low of −AUD 120.00/MWh at 09:30. The arithmetic average across its 288 five-minute observations was AUD 167.32/MWh.
Across the day, 16 observations were below zero, a total of 1.3 hours and 9 observations were at or above AUD 300/MWh, a total of 0.8 hours. The spread between the highest and lowest prices was AUD 15,620.00/MWh.
The Five-Minute Price Curve
The first chart shows each five-minute price for New South Wales 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 100.86/MWh, Tasmania AUD 44.98/MWh, Victoria −AUD 18.71/MWh, South Australia −AUD 27.00/MWh. The second chart compares the five regional averages for 12 December 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 12 December 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.
