News: Energy Trendz Daily

Prices at Otahuhu averaged $116.89 on Friday, $92.00 on Saturday and $76.02 on Sunday.

There was a relatively compact range of prices yesterday, peaking to $125.28 at Benmore, $132.82 at Haywards and $155.24 at Otahuhu.

Spot price averages were $95.78 at Benmore, $101.71 at Haywards and $113.10 at Otahuhu.

Due to the HVDC pole outage, we have been experiencing very high reserve prices in the North Island.

Prices spiked to $655.60 at Benmore, $700.55 at Haywards and $756.70 at Otahuhu.

Spot prices continued their more settled trend over the weekend, averaging $88.15 at Otahuhu yesterday.

There was a large spike in North Island prices yesterday, coinciding with loss of connection to Maraetai and Waipapa.

Prices spiked to $147.87 at Benmore, $184.22 at Haywards and $223.81 at Otahuhu.

Spot price averages dropped yesterday.

Spot prices averaged $199.80 at Benmore, $203.77 at Haywards and $218.99 at Otahuhu.

Spot prices had a downward trend over the weekend, with Otahuhu averaging $431.78 on Friday, $323.26 on Saturday and $239.03 on Sunday.

October's last day ended with lower averages than the month-to-date, with $243.50 at Benmore, $248.35 at Haywards and $260.49 at Otahuhu.

Prices spiked to $530.04 at Benmore, $552.44 at Haywards and $584.75 at Otahuhu

The HVDC average moved southwards yesterday.

Spot price averages exceeded $520/MWh yesterday.

Spot prices averaged $318.23 at Benmore, $321.62 at Haywards and $327.54 at Otahuhu.

Prices spiked to $805.00 at Benmore, $831.44 at Haywards and  $865.61 at Otahuhu. 

Spot prices continued their upward trend, spiking to $999.84 at Otahuhu yesterday.

Spot prices remain high, driven it seems by a combination of factors including e3p output constrained below typical levels, a long outage on one unit at the Stratford peaker, and low output from southern hydro lakes especially Tekapo and Pukaki.