News

The day finished with strong wind generation, during which spot prices were volatile with prices bottoming out at $0.49, $0.49, $0.52 at Benmore, Haywards, and Otahuhu respectively.

The fixed price electricity contract index increased by 16% this month to 10.0 c/kWh ($100/MWh) on a total of 15 contracts traded, representing 758 GWh from Jul-19 to Dec-23.       

Average prices decreased by 9% at Benmore, decreased by 9% at Islington, decreased by 10% at Haywards and decreased by 13% at Otahuhu over the last week. Total Storage decreased to 2,499 GWh. NI storage increased by 23% to 337 GWh while SI storage decreased by 5% to 2,162 GWh.

Daily prices averaged $124.32, $130.05, $142.17 at Benmore, Haywards, and Otahuhu respectively.

Total storage decreased 39.9 GWh over the last week. South Island controlled storage decreased 6.1 % to 1817 GWh; South Island uncontrolled storage increased 4.6 % to 346 GWh; with Taupo storage increasing 23.1 % to 337 GWh.

Daily prices averaged $97.22, $100.50, $108.33 at Benmore, Haywards, and Otahuhu respectively.

Daily prices averaged $98.42, $100.36, $105.98 on Sunday at Benmore, Haywards, and Otahuhu respectively.

Total storage decreased 180 GWh over the last week. South Island controlled storage decreased 6.2 % to 1935 GWh;South Island uncontrolled storage decreased 7.3 % to 330 GWh; with Taupo storage decreasing 8.7 % to 274 GWh.

Daily prices averaged $133.26, $139.62, $154.92 at Benmore, Haywards, and Otahuhu respectively.

Average prices increased by 32% at Benmore, increased by 33% at Islington, increased by 24% at Haywards and increased by 23% at Otahuhu over the last week. Total Storage decreased to 2,719 GWh. NI storage decreased by 4% to 300 GWh while SI storage decreased by 6% to 2,419 GWh.

Spot prices on Sunday averaged $112.68, $116.83, $128.93 at Benmore, Haywards, and Otahuhu respectively.

Total storage decreased 168.5 GWh over the last week. South Island controlled storage decreased 5.2 % to 2063 GWh; South Island uncontrolled storage decreased 10.5 % to 357 GWh; with Taupo storage decreasing 4 % to 300 GWh.

Spot prices spiked in trading period 15 at a price of $237.49, $253.97, $292.15 at Benmore, Haywards, and Otahuhu respectively. Daily prices averaged $104.22, $109.51, $121.47 at Benmore, Haywards, and Otahuhu respectively.

Prices at Benmore separated from Haywards and Otahuhu on Saturday due to HVDC pole 2 outage.

Spot price averages exceeded $110/MWh yesterday.

Spot price averages exceeded $116/MWh yesterday.

The index includes two very large CFDs which are priced well below market, but are neverthless included in the index.

Prices at Haywards averaged $139 on Friday, $92 on Saturday and $88 on Sunday.

Total storage increased 188.8 GWh over the last week. South Island controlled storage increased 1.1 % to 2216 GWh.South Island uncontrolled storage increased 29.5 % to 458 GWh; with Taupo storage increasing 26.9 % to 281 GWh.