Market analysis of 9 March 2024
Regional demand in Victoria peaked at 8,481.97 MW at 18:10 on 9 March 2024. The day’s lowest observation was 3,903.71 MW at 09:00, so demand moved by 4,578.26 MW from trough to peak.
At the demand peak the wholesale price was AUD 222.91/MWh. The day’s highest price, AUD 315.52/MWh, came at 17:45, and the daily price average was AUD 71.80/MWh.
The Demand Profile Through The Day
The first chart traces five-minute demand and dispatchable generation in Victoria, 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 9 March 2024. Victoria’s peak of 8,482 MW compares with New South Wales 9,579 MW, Queensland 7,902 MW, South Australia 2,791 MW, Tasmania 1,278 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 9 March 2024. 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.
