Daily Electricity Price and Demand in Victoria, Australia from 2015 to 2020

Daily-Electricity-Price-and-Demand-Data contains 2016 days of electricity market and weather records for Victoria, Australia, from 1 January 2015 to 6 October 2020. The dataset includes daily electricity demand, recommended retail prices (RRP), and weather variables like temperature and rainfall. It was published on OpenML under an Open Database license.

Use Cases

• Modeling electricity demand based on temperature, rainfall, and solar exposure data.
• Analyzing the frequency and impact of negative electricity prices (RRP) on daily demand.
• Forecasting retail electricity prices using historical price, demand, and calendar data.
• Studying the effect of non-business days (holidays, school days) on energy consumption patterns.

Strengths

• Covers a 5.7-year period (2016 days) from 2015 to 2020.
• Includes specific metrics for periods with negative electricity prices, such as 'demand_neg_RRP' and 'RRP_negative'.
• Integrates multiple data domains: electricity market data, weather data (temperature, rainfall, solar exposure), and calendar data.

Limitations

• Row count and file size are unknown, which may limit suitability assessment.
• Last update date is unknown; freshness unverified.
• Column-level documentation beyond the provided list is absent; field semantics must be inferred after download.

Provenance

Source

OpenML platform.

Time Range

1 January 2015 to 6 October 2020

Geography

Victoria, Australia