News

Spot price averages at Haywards were $135 on Friday, $147 on Saturday and $147 on Sunday. 

Total storage increased 32.4 GWh over the last week. South Island controlled storage increased 1.6 % to 1,925 GWh; South Island uncontrolled storage decreased 9.2 % to 462 GWh; with Taupo storage increasing 31.2 % to 204 GWh.

Spot price averages exceeded $107/MWh yesterday. Wind generation averaged 356 MW. 

Daily average prices on Sunday were $119, $123 and $134 at Benmore, Haywards, and Otahuhu respectively. Wind generation averaged 211 MW.

Spot price averages at Benmore were $94 on Wednesday and $137 on Thursday.

        Total storage increased 283.6 GWh over the last week. South Island controlled storage increased 11.4 % to 1894 GWh; South Island uncontrolled storage increased 6.2 % to 509 GWh; with Taupo storage increasing 63.9 % to 156 GWh.

Prices yesterday averaged $112 at Benmore, $117 at Haywards, and $129 at Otahuhu. Wind generation averaged 186 MW.  

Average prices increased by 0.3% at Benmore, increased by 0.4% at Islington, increased by 1.2% at Haywards and increased by 4.2% at Otahuhu over the last week. Total Storage decreased to 2,275 GWh. NI storage decreased by 23 %  to 95 GWh while SI storage decreased by 5% to 2,180 GWh.

The Gas Industry Company (GIC) recently released a consultation paper on gas market settings and whether these are fit for the purpose of helping New Zealand through the transition to low-carbon energy. Somewhat belatedly, here are my thoughts.

Total storage decreased 131.2 GWh over the last week. South Island controlled storage decreased 0.7 % to 1,701 GWh; South Island uncontrolled storage decreased 16 % to 479 GWh; with Taupo storage decreasing 22.8 % to 95 GWh.

Average prices decreased by 31.6% at Benmore, decreased by 32% at Islington, decreased by 31.3% at Haywards and decreased by 29.8% at Otahuhu over the last week.  Total Storage increased to 2,406 GWh. NI storage decreased by 6 %  to 123 GWh while SI storage increased by 0% to 2,283 GWh.

       Spot prices averaged $175 at Benmore, $195 at Otahuhu, with a spike into the $400's in trading period 43.

Prices yesterday averaged $129 at Benmore, $134 at Haywards, and $147 at Otahuhu. Wind generation averaged 309 MW.  

Spot price averages exceeded $211/MWh yesterday. Wind generation averaged 355 MW. 

Average prices increased by 23.5% at Benmore, increased by 24% at Islington, increased by 24.3% at Haywards and increased by 23.2% at Otahuhu over the last week.  Total Storage increased to 2,405 GWh. NI storage increased by 35% to 131 GWh while SI storage increased by 13% to 2,274 GWh.

Prices yesterday averaged $289 at Benmore, $301 at Haywards, and $322 at Otahuhu. Wind generation averaged 166 MW.  

Prices yesterday averaged $305 at Benmore, $314 at Haywards, and $335 at Otahuhu. Wind generation averaged 387 MW.  

Average prices decreased by 4.1% at Benmore, decreased by 4.3% at Islington, decreased by 4% at Haywards and decreased by 2.7% at Otahuhu over the last week. Total Storage decreased to 2,105 GWh. NI storage increased by 38% to 97 GWh while SI storage decreased by 3% to 2,008 GWh.

Spot prices at Otahuhu spiked to $506 yesterday. Wind generation averaged 384 MW.