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Market analysis of 26 May 2024

Wind generators delivered 17.06 GWh on 26 May 2024 and solar generators delivered 34.89 GWh, a combined 51.95 GWh across Australia’s five eastern and southern market regions. In Network Map’s daily unit records for 1 May to 31 May 2024, that was the 31st-highest daily wind total of 31 dates and the 31st-highest combined wind and solar day.

Wind output averaged 61.10 GWh a day over the same dates, so 26 May ran 72.1% below the period mean. Hydro added 36.09 GWh, while black and brown coal units supplied 211.65 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 May to 31 May. Solar was the larger of the two on 26 May, at 2.05 times the wind total.

Wind And Solar Through May — 26 May 2024; 1 May to 31 May 2024 | Daily Generator Energy | GWh
Daily wind and solar energy, 1 May to 31 May 2024. Source: Network Map; GWh.

Where The Energy Came From

Queensland supplied the largest regional share of wind and solar energy, 20.61 GWh or 39.9% of the day’s total. New South Wales followed with 16.39 GWh, and Victoria contributed 6.70 GWh.

Wind And Solar By Region On 26 May — 26 May 2024; 26 May 2024 | Energy By Region | GWh
Wind and solar energy by region on 26 May 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 26 May 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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