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Market analysis of 3 February 2023

Wind generators delivered 103.40 GWh on 3 February 2023 and solar generators delivered 39.08 GWh, a combined 142.48 GWh across Australia’s five eastern and southern market regions. In Network Map’s daily unit records for 1 February to 28 February 2023, that was the 2nd-highest daily wind total of 28 dates and the 2nd-highest combined wind and solar day.

Wind output averaged 66.94 GWh a day over the same dates, so 3 February ran 54.5% above the period mean. Hydro added 20.90 GWh, while black and brown coal units supplied 176.89 GWh.

The Daily Pattern Through The Month

The first chart places the event day in its monthly context. It shows daily wind and solar energy for each date from 1 February to 28 February. Wind was the larger of the two on 3 February, at 2.65 times the solar total.

Wind And Solar Through February — 3 February 2023; 1 February to 28 February 2023 | Daily Generator Energy | GWh
Daily wind and solar energy, 1 February to 28 February 2023. Source: Network Map; GWh.

Where The Energy Came From

New South Wales supplied the largest regional share of wind and solar energy, 46.01 GWh or 32.3% of the day’s total. Victoria followed with 45.98 GWh, and South Australia contributed 29.29 GWh.

Queensland delivered 18.80 GWh of wind and solar energy, 13.2% of the five-region total.

Wind And Solar By Region On 3 February — 3 February 2023; 3 February 2023 | Energy By Region | GWh
Wind and solar energy by region on 3 February 2023. Source: Network Map; GWh.

Reading The Day For Asset Performance

A high-output day is a useful benchmark for comparing a single wind or solar unit with its fuel group and its region. The next step is to match each unit’s interval output with the prices that applied when the energy was delivered, which turns the volume result into a revenue view.

Figures use positive energy from Network Map’s daily unit records for 3 February 2023, grouped by source fuel classification and region. Daily totals are summed across all classified units.

Explore The Data

Markets, Revenue Reconciliation, Curtailment By Cause.

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