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Market analysis of 10 January 2026

New South Wales recorded a wholesale electricity price high of AUD 11,938.05/MWh at 18:50 on 10 January 2026 and a low of −AUD 999.98/MWh at 14:50. The arithmetic average across its 288 five-minute observations was AUD 499.66/MWh.

Across the day, 28 observations were below zero, a total of 2.3 hours and 43 observations were at or above AUD 300/MWh, a total of 3.6 hours. The spread between the highest and lowest prices was AUD 12,938.02/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 — 10 January 2026; 2026-01-10 | Five-Minute Prices | UTC+10
Wholesale prices in New South Wales on 2026-01-10. Source: Network Map; AUD/MWh, fixed UTC+10.

How The Five Regions Compared

Daily average prices in the other regions were: Queensland AUD 56.80/MWh, Tasmania AUD 56.75/MWh, South Australia −AUD 15.15/MWh, Victoria −AUD 18.08/MWh. The second chart compares the five regional averages for 10 January 2026.

Average Prices By Region On 10 January — 10 January 2026; 2026-01-10 | Daily Arithmetic Average | AUD/MWh
Daily average wholesale price by region on 2026-01-10. 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 10 January 2026. 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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