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Market analysis of 18 October 2024

Wind generators delivered 112.77 GWh on 18 October 2024 and solar generators delivered 29.31 GWh, a combined 142.08 GWh across Australia’s five eastern and southern market regions. In Network Map’s daily unit records for 1 October to 31 October 2024, that was the 2nd-highest daily wind total of 31 dates and the 2nd-highest combined wind and solar day.

Wind output averaged 71.21 GWh a day over the same dates, so 18 October ran 58.4% above the period mean. Hydro added 27.85 GWh, while black and brown coal units supplied 121.29 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 October to 31 October. Wind was the larger of the two on 18 October, at 3.85 times the solar total.

Wind And Solar Through October — 18 October 2024; 1 October to 31 October 2024 | Daily Generator Energy | GWh
Daily wind and solar energy, 1 October to 31 October 2024. Source: Network Map; GWh.

Where The Energy Came From

Victoria supplied the largest regional share of wind and solar energy, 52.33 GWh or 36.8% of the day’s total. New South Wales followed with 34.05 GWh, and Queensland contributed 27.11 GWh.

Wind And Solar By Region On 18 October — 18 October 2024; 18 October 2024 | Energy By Region | GWh
Wind and solar energy by region on 18 October 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 18 October 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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