We talk about the Tiwai Pt aluminium smelter almost every day at work – will it stay, or will it go? But it occurred to me today that I have absolutely no idea what Tiwai means in Te Reo Māori. I went searching, and was surprised at what I found.
Energy Trendz Weekly 10 October 2021, Issue 1,274
By Tom Murphy, October 11, 2021
Average prices decreased by 35% at Benmore, decreased by 35% at Islington, decreased by 16% at Haywards and decreased by 16% at Otahuhu over the last week. Total Storage decreased to 3,004 GWh. NI storage increased by 3% to 412 GWh while SI storage decreased by 7% to 2,592 GWh.
New Option Contract: Cap 300
By Greg Sise, October 5, 2021
A new hedge contract started trading in September 2020. It’s a cap product with strike price of $300/MWh. Over 320 of these contracts traded so far, but we still don’t know who is selling them.
Energy Trendz Weekly 3 October 2021, Issue 1,273
By Ruth McKinlay, October 4, 2021
Average prices increased by 85.1% at Benmore, increased by 85.9% at Islington, increased by 68.4% at Haywards and increased by 70.1% at Otahuhu over the last week. Total Storage increased to 3,176 GWh. NI storage increased by 18% to 399 GWh while SI storage increased by 1% to 2,778 GWh.
Electricity Contract Indexes September, Issue 150
By Claudia McHerron, September 28, 2021
The main index continued its fall this month, as did both the FPVV and CFD indexes. The traded volumes in the indexes were relatively low again this month, perhaps as a result of lockdowns, but this may be pure coincidence.
Energy Trendz Weekly 26 September 2021, Issue 1,272
By Ruth McKinlay, September 27, 2021
Average prices decreased by 56% at Benmore, decreased by 56.3% at Islington, decreased by 51.4% at Haywards and decreased by 51.3% at Otahuhu over the last week. Total Storage decreased to 3,098 GWh. NI storage increased by 12% to 339 GWh while SI storage decreased by 1% to 2,759 GWh.
Energy Trendz Weekly 19 September 2021, Issue 1,271
By Ruth McKinlay, September 20, 2021
Average prices increased by 10.8% at Benmore, increased by 11.2% at Islington, increased by 5% at Haywards and increased by 3.8% at Otahuhu over the last week. Total Storage increased to 3,101 GWh. NI storage increased by 8% to 303 GWh while SI storage increased by 15% to 2,797 GWh.
Price Formation with 100% Renewable Electricity
By Greg Sise, September 17, 2021
This week Greg Sise provides a summary of his presentation on the problem of price formation with 100% renewable electricity, which he presented at the the Electricity Authority’s Market Development Advisory Group (MDAG) recently.
Energy Trendz Weekly 12 September 2021, Issue 1,270
By Ruth McKinlay, September 13, 2021
Average prices increased by 0.8% at Benmore, increased by 0.7% at Islington, increased by 6.1% at Haywards and increased by 8.7% at Otahuhu over the last week. Total Storage decreased to 2,715 GWh. NI storage increased by 2% to 281 GWh while SI storage decreased by 3% to 2,434 GWh.
Energy Link’s 25th Anniversary
By Greg Sise, September 7, 2021
Thursday of last week, 2nd September, marked the 25th anniversary of Energy Link Ltd. This post is a reflection on company and personal history, against a backdrop of an industry in transition. Over the last 25 years, it’s fair to say that some things have changed, but then some things have not.
Energy Trendz Weekly 5 September 2021, Issue 1,269
By Ruth McKinlay, September 6, 2021
Average prices increased by 134.1% at Benmore, increased by 136.5% at Islington, increased by 57.3% at Haywards and increased by 58.4% at Otahuhu over the last week. Total Storage increased to 2,775 GWh. NI storage increased by 12% to 275 GWh while SI storage decreased by 1% to 2,500 GWh.
Hedging Fundamentals Part 5 - The role of forecasting in hedging
By Paul Chapman, August 31, 2021
Forecasts of spot prices are an important tool in the hedging toolkit, and this post provides an overview of the role of forecasts in hedging.
Energy Trendz Weekly 29 August 2021, Issue 1,268
By Ruth McKinlay, August 30, 2021
Average prices decreased by 34.2% at Benmore, decreased by 34.9% at Islington, decreased by 43.7% at Haywards and decreased by 40.9% at Otahuhu over the last week. Total Storage increased to 2,772 GWh. NI storage increased by 9% to 246 GWh while SI storage increased by 5% to 2,526 GWh.
Electricity Contract Indexes August, Issue 149
By Claudia McHerron, August 24, 2021
The main index fell this month, as we expected it would. But there were only three contracts to include in the indexes, one each for CFD and FPVV, which is unusual, but not unprecedented.
Energy Trendz Weekly 22 August 2021, Issue 1,267
By Ruth McKinlay, August 23, 2021
Average prices decreased by 80.1% at Benmore, decreased by 80.5% at Islington, decreased by 65% at Haywards and decreased by 65.9% at Otahuhu over the last week. Total Storage increased to 2,641 GWh. NI storage increased by 8% to 226 GWh while SI storage increased by 10% to 2,416 GWh.
Perspectives on the 9th August Outages
By Greg Sise, August 17, 2021
The blackout event of Monday 9th August caused a huge amount of negative publicity for the electricity market, but let’s take a closer look at some interesting aspects of this event.
Energy Trendz Weekly 15 August 2021, Issue 1,266
By Ruth McKinlay, August 16, 2021
Average prices increased by 86.5% at Benmore, increased by 88.4% at Islington, increased by 83.3% at Haywards and increased by 86.7% at Otahuhu over the last week. Total Storage decreased to 2,412 GWh. NI storage increased by 3% to 210 GWh while SI storage decreased by 6% to 2,203 GWh.
Energy Trendz Weekly 8 August 2021, Issue 1,265
By Ruth McKinlay, August 9, 2021
Average prices increased by 17.4% at Benmore, increased by 18.4% at Islington, increased by 19.2% at Haywards and increased by 18.2% at Otahuhu over the last week. Total Storage decreased to 2,558 GWh. NI storage decreased by 1 % to 203 GWh while SI storage decreased by 1% to 2,356 GWh.
Energy Trendz Weekly 1 August 2021, Issue 1,264
By Ruth McKinlay, August 2, 2021
Average prices increased by 2.1% at Benmore, increased by 1.8% at Islington, increased by 3.4% at Haywards and increased by 2% at Otahuhu over the last week. Total Storage increased to 2,591 GWh. NI storage increased by 31% to 204 GWh while SI storage decreased by 1% to 2,387 GWh.
Energy Trendz Weekly 25 July 2021, Issue 1,263
By Ruth McKinlay, July 26, 2021
Average prices decreased by 32.8% at Benmore, decreased by 33% at Islington, decreased by 33% at Haywards and decreased by 33.6% at Otahuhu over the last week. Total Storage increased to 2,559 GWh. NI storage increased by 64% to 156 GWh while SI storage increased by 10% to 2,403 GWh.
Electricity Contract Indexes July, Issue 148
By Claudia McHerron, July 23, 2021
The main index rose this month, but it does look like the market is at a peak, and the CFD index actually dropped like a stone this month, though this was on only one CFD contract that could be included in the indexes.
Energy Trendz Weekly 18 July 2021, Issue 1,262
By Ruth McKinlay, July 19, 2021
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.
Is the Gas Market Working for Consumers?
By Greg Sise, July 16, 2021
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.
Energy Trendz Weekly 12 July 2021, Issue 1,261
By Ruth McKinlay, July 13, 2021
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.
Energy Trendz Weekly 4 July 2021, Issue 1,260
By Ruth McKinlay, July 5, 2021
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.
Energy Trendz Weekly 27 June 2021, Issue 1,259
By Ruth McKinlay, June 28, 2021
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.
Electricity Contract Indexes June 2021, Issue 147
By Claudia McHerron, June 23, 2021
There were 7 contracts traded that were eligible to include in the index calculations this month, which was a step up from last month which had only 3 contracts.
Energy Trendz Weekly 20 June 2021, Issue 1,258
By Ruth McKinlay, June 21, 2021
Average prices decreased by 10.7% at Benmore, decreased by 10.1% at Islington, decreased by 10.5% at Haywards and decreased by 9.2% at Otahuhu over the last week. Total Storage increased to 2,130 GWh. NI storage increased by 36% to 71 GWh while SI storage increased by 9% to 2,060 GWh.
Electricity Contract Indexes May 2021, Issue 146
By Claudia McHerron, June 15, 2021
There were only 3 contracts traded that were eligible to include in the index calculations this month, following the trend in April of low volumes of trading.
Energy Trendz Weekly 13 June 2021, Issue 1,257
By Ruth McKinlay, June 14, 2021
Average prices decreased by 19.9% at Benmore, decreased by 20% at Islington, decreased by 20.3% at Haywards and decreased by 21.8% at Otahuhu over the last week. Total Storage increased to 1,943 GWh. NI storage decreased by 12 % to 52 GWh while SI storage increased by 1% to 1,891 GWh.
Our LCOE Calculator Works Out the Cost of New Generation
By Greg Sise, June 14, 2021
Our prototype LCOE calculator is now live!
Energy Trendz Weekly 7 June 2021, Issue 1,256
By Ruth McKinlay, June 8, 2021
Average prices decreased by 21.1% at Benmore, decreased by 21.3% at Islington, decreased by 21.3% at Haywards and decreased by 21.7% at Otahuhu over the last week. Total Storage decreased to 1,930 GWh. NI storage decreased by 5 % to 59 GWh while SI storage decreased by 1% to 1,871 GWh.
Energy Trendz Weekly 30 May 2021, Issue 1,255
By Ruth McKinlay, May 31, 2021
Average prices increased by 48% at Benmore, increased by 48.2% at Islington, increased by 49.2% at Haywards and increased by 49.7% at Otahuhu over the last week. Total Storage decreased to 1,953 GWh. NI storage decreased by 19 % to 62 GWh while SI storage decreased by 3% to 1,891 GWh.
Hedging Fundamentals Part 4
By Paul Chapman, May 28, 2021
“Are there any risks in using CFDs to hedge wholesale electricity prices?”
Energy Trendz Weekly 23 May 2021, Issue 1,254
By Ruth McKinlay, May 24, 2021
Average prices increased by 0.2% at Benmore, increased by 0.1% at Islington, increased by 1% at Haywards and increased by 3.8% at Otahuhu over the last week. Total Storage increased to 2,020 GWh. NI storage increased by 13% to 77 GWh while SI storage increased by 5% to 1,944 GWh.
Electricity Contract Price Increases?
By Greg Sise, May 21, 2021
Electricity contract prices have risen, and could rise further. Every month we publish the electricity contract index, but I thought it's instructive to delve deeper into the underlying contract data.
Energy Trendz Weekly 16 May 2021, Issue 1,253
By Ruth McKinlay, May 17, 2021
Average prices decreased by 10.5% at Benmore, decreased by 10.7% at Islington, decreased by 10.2% at Haywards and decreased by 8.3% at Otahuhu over the last week. Total Storage increased to 1,916 GWh. NI storage decreased by 1 % to 68 GWh while SI storage increased by 11% to 1,848 GWh.
Hedging Fundamentals Part 3
By Greg Sise, May 16, 2021
In New Zealand the contract-for-differences (aka CFD) is the most common off-exchange method for hedging the price of electricity traded on the wholesale market for a specified quantity and time period. In other words, the CFD is a fundamental tool in the hedging toolbox.
Energy Trendz Weekly 9 May 2021, Issue 1,252
By Ruth McKinlay, May 10, 2021
Average prices decreased by 3.2% at Benmore, decreased by 2.8% at Islington, decreased by 3.8% at Haywards and decreased by 4.1% at Otahuhu over the last week. Total Storage decreased to 1,735 GWh. NI storage decreased by 32 % to 69 GWh while SI storage decreased by 3% to 1,666 GWh.
Who's setting the Gas Price?
By Greg Sise, May 7, 2021
"Electricity prices are high at present. Gas prices are also high. Who’s setting these prices?”