Market analysis of 31 December 2023
Regional demand in South Australia peaked at 1,348.41 MW at 20:50 on 31 December 2023. The day’s lowest observation was -44.56 MW at 12:30, so demand moved by 1,392.97 MW from trough to peak.
At the demand peak the wholesale price was AUD 44.40/MWh. The day’s highest price, AUD 55.11/MWh, came at 23:40, and the daily price average was −AUD 66.54/MWh.
The Demand Profile Through The Day
The first chart traces five-minute demand and dispatchable generation in South Australia, in fixed UTC+10. The gap between the two lines reflects the region’s net interchange with its neighbours across the day.
How The Five Regions Compared
The second chart compares each region’s peak demand for 31 December 2023. South Australia’s peak of 1,348 MW compares with Queensland 7,936 MW, New South Wales 7,195 MW, Victoria 4,184 MW, Tasmania 1,099 MW.
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 31 December 2023. 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.
