Market analysis of 29 October 2024
Regional demand in Queensland peaked at 7,916.26 MW at 18:40 on 29 October 2024. The day’s lowest observation was 3,673.75 MW at 10:05, so demand moved by 4,242.51 MW from trough to peak.
At the demand peak the wholesale price was AUD 300.00/MWh. The day’s highest price, AUD 378.39/MWh, came at 18:30, and the daily price average was AUD 80.71/MWh.
The Demand Profile Through The Day
The first chart traces five-minute demand and dispatchable generation in Queensland, 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 29 October 2024. Queensland’s peak of 7,916 MW compares with New South Wales 8,265 MW, Victoria 5,511 MW, South Australia 1,462 MW, Tasmania 1,257 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 29 October 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.
