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Market analysis of 1 January 2025

Regional demand in Victoria peaked at 4,488.60 MW at 20:05 on 1 January 2025. The day’s lowest observation was 1,400.13 MW at 12:10, so demand moved by 3,088.47 MW from trough to peak.

At the demand peak the wholesale price was AUD 21.98/MWh. The day’s highest price, AUD 130.00/MWh, came at 00:05, and the daily price average was −AUD 20.97/MWh.

The Demand Profile Through The Day

The first chart traces five-minute demand and dispatchable generation in Victoria, in fixed UTC+10. The gap between the two lines reflects the region’s net interchange with its neighbours across the day.

Victoria Demand And Generation — 1 January 2025; 2025-01-01 | Five-Minute Observations | UTC+10
Regional demand and dispatchable generation in Victoria on 2025-01-01. Source: Network Map; MW, fixed UTC+10.

How The Five Regions Compared

The second chart compares each region’s peak demand for 1 January 2025. Victoria’s peak of 4,489 MW compares with New South Wales 9,435 MW, Queensland 7,809 MW, South Australia 1,518 MW, Tasmania 1,104 MW.

Peak Demand By Region On 1 January — 1 January 2025; 2025-01-01 | Highest Five-Minute Demand | MW
Peak regional demand by region on 2025-01-01. Source: Network Map; 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 1 January 2025. Prices are in Australian dollars per megawatt-hour, times use fixed UTC+10, and daily averages give equal weight to each five-minute observation.

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