In 2024, record new generation capacity joined the electricity market. Wind weighted prices were at record lows for all regions except SA, while higher daytime prices improved solar farm performance across the NEM. Broader ranges in operational demand across regions intensified market volatility.
This report is the second installment of our Annual Report series and covers generation, emissions, demand, weather, and reserve levels. The first part of our Annual Report on Spot Prices has been published and the final part focusing on the financial aspects of the market is coming soon.
1.0 Overview
The Generation highlights for 2024 are:
