Market analysis of 4 June 2024
South Australia recorded a wholesale electricity price high of AUD 3,936.60/MWh at 18:20 on 4 June 2024 and a low of AUD 101.40/MWh at 00:35. The arithmetic average across its 288 five-minute observations was AUD 293.25/MWh.
Across the day, 78 observations were at or above AUD 300/MWh, a total of 6.5 hours. The spread between the highest and lowest prices was AUD 3,835.20/MWh.
The Five-Minute Price Curve
The first chart shows each five-minute price for South Australia through the day, with times in fixed UTC+10. Timing matters for any operator: a battery or flexible load gains from the gap between the cheapest and dearest intervals, while a generator’s result depends on when its energy was delivered.
How The Five Regions Compared
Daily average prices in the other regions were: Victoria AUD 226.21/MWh, New South Wales AUD 158.01/MWh, Queensland AUD 132.43/MWh, Tasmania AUD 127.33/MWh. The second chart compares the five regional averages for 4 June 2024.
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 4 June 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.
