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Market analysis of 15 January 2025

New South Wales recorded a wholesale electricity price high of AUD 17,500.00/MWh at 14:00 on 15 January 2025 and a low of −AUD 29.96/MWh at 15:40. The arithmetic average across its 288 five-minute observations was AUD 277.13/MWh.

Across the day, 11 observations were below zero, a total of 0.9 hours and 10 observations were at or above AUD 300/MWh, a total of 0.8 hours. The spread between the highest and lowest prices was AUD 17,529.96/MWh.

The Five-Minute Price Curve

The first chart shows each five-minute price for New South Wales 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.

New South Wales Wholesale Prices — 15 January 2025; 2025-01-15 | Five-Minute Prices | UTC+10
Wholesale prices in New South Wales on 2025-01-15. Source: Network Map; AUD/MWh, fixed UTC+10.

How The Five Regions Compared

Daily average prices in the other regions were: Queensland AUD 124.67/MWh, Tasmania AUD 90.28/MWh, Victoria AUD 36.16/MWh, South Australia AUD 19.49/MWh. The second chart compares the five regional averages for 15 January 2025.

Average Prices By Region On 15 January — 15 January 2025; 2025-01-15 | Daily Arithmetic Average | AUD/MWh
Daily average wholesale price by region on 2025-01-15. Source: Network Map; AUD/MWh.

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 15 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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