Market analysis of 7 November 2024
Queensland recorded a wholesale electricity price high of AUD 16,893.60/MWh at 18:35 on 7 November 2024 and a low of −AUD 70.55/MWh at 15:05. The arithmetic average across its 288 five-minute observations was AUD 1,597.53/MWh.
Across the day, 22 observations were below zero, a total of 1.8 hours and 61 observations were at or above AUD 300/MWh, a total of 5.1 hours. The spread between the highest and lowest prices was AUD 16,964.15/MWh.
The Five-Minute Price Curve
The first chart shows each five-minute price for Queensland 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: New South Wales AUD 1,649.86/MWh, Tasmania AUD 84.43/MWh, South Australia AUD 49.25/MWh, Victoria AUD 45.93/MWh. The second chart compares the five regional averages for 7 November 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 7 November 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.
