News

Total storage decreased 157.3 GWh over the last week. South Island controlled storage decreased 5.3% to 2395 GWh; South Island uncontrolled storage decreased 14.1% to 345 GWh; with Taupo storage increasing 8.6% to 418 GWh.

The Energy Link index remained the same at 7.4 c/kWh on a volume of 5 contracts traded (3 CFD, 2 FPVV). The Energy Link index excludes contracts from ASX, and contracts less than 6 months in duration.

Average prices decreased by 16% at Benmore, decreased by 15% at Islington, decreased by 10% at Haywards and decreased by 9% at Otahuhu over the last week. New Zealand storage decreased to 3316 GWh

Prices averaged $42.32 at Haywards yesterday

Prices averaged $62.36 and spiked at $$75.37 at Otahuhu yesterday

Prices spiked at $126.71 at Benmore and $162.32 at Otahuhu yesterday 

Prices dipped below $25 at Benmore, Haywards and Otahuhu yesterday

Total storage decreased 200.5 GWh over the last week. South Island controlled storage decreased 3.9% to 2627 GWh; South Island uncontrolled storage decreased 19.1% to 452 GWh; with Taupo storage increasing 3.7% to 399 GWh

Prices spiked at $208.41 at Benmore, $229.72 at Haywards and $254.01 at Otahuhu yesterday

Prices averaged $52.16 and peaked at $76.87 at Haywards yesterday 

Since 23rd May we’ve seen big price spikes, to over $1,000/MWh at Otahuhu for example, consistently during the peak demand at the end of the day.  In this post we take a brief look at what’s causing these spikes.

Prices spiked at $279.01 at Otahuhu yesterday

Prices spiked at $819.67 at Benmore, $914.02 at Haywards and $1033.30 at Otahuhu yesterday

Prices dipped below $5 at Benmore, Haywards and Otahuhu yesterday

Total storage increased 148.3 GWh over the last week. South Island controlled storage increased 1.2% to 2755 GWh; South Island uncontrolled storage increased 18.4% to 627 GWh; with Taupo storage increasing 5.3% to 386 GWh.

Prices averaged $41.07 and spiked at just $68.68 at Otahuhu yesterday

Prices averaged $37.22 at Haywards yesterday

Prices dipped below $1.50 at Benmore, Haywards and Otahuhu yesterday

Total storage increased 12.3 GWh over the last week. South Island controlled storage increased 1% to 2724 GWh; South Island uncontrolled storage decreased 9.4% to 530 GWh; with Taupo storage increasing 12.3% to 366 GWh.