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Market analysis of 23 February 2024

Wind generators delivered 92.30 GWh on 23 February 2024 and solar generators delivered 41.24 GWh, a combined 133.54 GWh across Australia’s five eastern and southern market regions. In Network Map’s daily unit records for 1 February to 29 February 2024, that was the 2nd-highest daily wind total of 29 dates and the 3rd-highest combined wind and solar day.

Wind output averaged 64.54 GWh a day over the same dates, so 23 February ran 43.0% above the period mean. Hydro added 26.68 GWh, while black and brown coal units supplied 196.54 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 29 February. Wind was the larger of the two on 23 February, at 2.24 times the solar total.

Wind And Solar Through February — 23 February 2024; 1 February to 29 February 2024 | Daily Generator Energy | GWh
Daily wind and solar energy, 1 February to 29 February 2024. Source: Network Map; GWh.

Where The Energy Came From

Victoria supplied the largest regional share of wind and solar energy, 41.98 GWh or 31.6% of the day’s total. New South Wales followed with 40.53 GWh, and South Australia contributed 23.31 GWh.

Wind And Solar By Region On 23 February — 23 February 2024; 23 February 2024 | Energy By Region | GWh
Wind and solar energy by region on 23 February 2024. 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 23 February 2024, 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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