Both the CFD and FPVV indexes eased off this month bringing the main index down by 0.6 c/kWh to 15.0 c/kWh, a fall of 3.8%, which partially offset the spiking rise of 11.4% in last month's index.The change in the CFD index was the more significant driver as it fell by 2.5 c/kWh on 3 traded contracts. The fall was most likely due to the substantial inflows into hydro lakes and the resultant drop in spot and futures prices.
Electricity Contract Indexes June 2022, Issue 159
By Lydia Maclean, June 23, 2022
The FPVV index rose this month, bringing the main index up to 15.6 c/kWh. Resulting in an increase of 11.4% over last month's index value.The CFD index remained unchanged because there were no CFDs traded.
Energy Trendz Weekly 19 June 2022, Issue 1,310
By Ruth McKinlay, June 20, 2022
Average prices decreased by 14.1% at Benmore, decreased by 13.4% at Islington, decreased by 13.4% at Haywards and decreased by 13.4% at Otahuhu over the last week. Total Storage increased to 2,539 GWh. NI storage increased by 45% to 392 GWh while SI storage increased by 10% to 2,147 GWh.
Energy Trendz Weekly 12 June 2022, Issue 1,309
By Lydia Maclean, June 13, 2022
Average prices decreased by 15.2% at Benmore, decreased by 15% at Islington, decreased by 15.2% at Haywards and decreased by 13.2% at Otahuhu over the last week. Total Storage increased to 2223 GWh. NI storage increased by 35% to 270 GWh while SI storage increased by 5% to 1953 GWh.
Energy Trendz Weekly 5 June 2022, Issue 1,308
By Ruth McKinlay, June 7, 2022
Average prices decreased by 21% at Benmore, decreased by 22% at Islington, decreased by 21% at Haywards and decreased by 19% at Otahuhu over the last week. Total Storage decreased to 2,059 GWh. NI storage increased by 9% to 199 GWh while SI storage decreased by 4% to 1,859 GWh.
Energy Trendz Weekly 29 May 2022, Issue 1,307
By Ruth McKinlay, May 30, 2022
Average prices increased by 8.7% at Benmore, increased by 9.1% at Islington, increased by 9.5% at Haywards and increased by 6.1% at Otahuhu over the last week. Total Storage increased to 2,122 GWh. NI storage increased by 2% to 182 GWh while SI storage increased by 2% to 1,940 GWh.
Energy Trendz Weekly 22 May 2022, Issue 1,306
By Ruth McKinlay, May 24, 2022
Average prices decreased by 9.8% at Benmore, decreased by 9.9% at Islington, decreased by 11.2% at Haywards and decreased by 8.8% at Otahuhu over the last week. Total Storage decreased to 2,089 GWh. NI storage decreased by 5 % to 179 GWh while SI storage decreased by 5% to 1,910 GWh.
Electricity Contract Indexes May 2022, Issue 158
By Lydia Maclean, May 23, 2022
The CFD and FPVV indexes rose this month to bring the main index up to 14 c/kWh, an increase of 23% over last month's index value.
Energy Trendz Weekly 15 May 2022, Issue 1,305
By Ruth McKinlay, May 16, 2022
Average prices increased by 7.2% at Benmore, increased by 7.8% at Islington, increased by 7% at Haywards and increased by 7.4% at Otahuhu over the last week. Total Storage decreased to 2,195 GWh. NI storage decreased by 13 % to 188 GWh while SI storage decreased by 2% to 2,007 GWh.
Energy Trendz Weekly 8 May 2022, Issue 1,303
By Ruth McKinlay, May 9, 2022
Average prices increased by 0.1% at Benmore, decreased by 0.2% at Islington, increased by 1% at Haywards and increased by 4.5% at Otahuhu over the last week. Total Storage decreased to 2,269 GWh. NI storage decreased by 13 % to 215 GWh while SI storage decreased by 5% to 2,054 GWh.
Energy Trendz Weekly 1 May 2022, Issue 1,303
By Ruth McKinlay, May 2, 2022
Average prices increased by 6.8% at Benmore, increased by 6.9% at Islington, increased by 9.4% at Haywards and increased by 9.8% at Otahuhu over the last week. Total Storage increased to 2,413 GWh. NI storage decreased by 5 % to 248 GWh while SI storage increased by 9% to 2,165 GWh.
Energy Trendz Weekly 24 April 2022, Issue 1,302
By Ruth McKinlay, April 26, 2022
Average prices increased by 1.4% at Benmore, increased by 0.8% at Islington, increased by 2.6% at Haywards and increased by 5.1% at Otahuhu over the last week. Total Storage decreased to 2,624 GWh. NI storage decreased by 1 % to 340 GWh while SI storage decreased by 8% to 2,284 GWh.
Electricity Contract Indexes April 2022, Issue 157
By Lydia Maclean, April 26, 2022
The CFD index fell by around 20% this month, not because contract prices fell, but because nine of the 16 CFDs included in the index have terms of five years or greater. This tends to average out some of the high prices currently making up the ASX forward curve.Four CFDs have terms of 10 years. FPVV terms are also longer than the typical, but none went beyond five years.
Energy Trendz Weekly 17 April 2022, Issue 1,301
By Ruth McKinlay, April 19, 2022
Average prices decreased by 5.7% at Benmore, decreased by 5.6% at Islington, decreased by 6.6% at Haywards and decreased by 7.4% at Otahuhu over the last week. Total Storage decreased to 2,624 GWh. NI storage decreased by 1 % to 340 GWh while SI storage decreased by 8% to 2,284 GWh.
Manapouri Low Output
By Lydia Maclean, April 12, 2022
Everyone is wondering why spot and futures prices are so high at the moment. There is more than one extraordinary factor involved here, including fall-out from the war in the Ukraine to large a degree, but today we look at one that can be easy to miss.
Energy Trendz Weekly 10 April 2022, Issue 1,300
By Ruth McKinlay, April 11, 2022
Average prices increased by 27.4% at Benmore, increased by 28% at Islington, increased by 28.1% at Haywards and increased by 24.1% at Otahuhu over the last week. Total Storage decreased to 2,624 GWh. NI storage decreased by 1 % to 340 GWh while SI storage decreased by 8% to 2,284 GWh.
Energy Trendz Weekly 3 April 2022, Issue 1,299
By Ruth McKinlay, April 5, 2022
Average prices increased by 27.4% at Benmore, increased by 28% at Islington, increased by 28.1% at Haywards and increased by 24.1% at Otahuhu over the last week. Total Storage decreased to 2,624 GWh. NI storage decreased by 1 % to 340 GWh while SI storage decreased by 8% to 2,284 GWh.
Energy Trendz Weekly 27 March 2022, Issue 1,298
By Ruth McKinlay, March 28, 2022
Average prices increased by 5.2% at Benmore, increased by 5% at Islington, increased by 4.8% at Haywards and increased by 4.4% at Otahuhu over the last week. Total Storage decreased to 2,812 GWh. NI storage decreased by 0 % to 343 GWh while SI storage decreased by 7% to 2,470 GWh.
100% Renewables Submission
By Lydia Maclean, March 28, 2022
The Electricity Authority’s Market Development Group (MDAG) recently consulted on the initial phase of its investigation into price formation, with 100% renewable generation in our energy-only market. Energy Link contributed to this work and has also submitted.
Electricity Contract Indexes March 2022, Issue 156
By Lydia Maclean, March 22, 2022
The CFD index pushed up again this month, toward the ASX three-year average, but the FPVV index went down slightly on a greater volume (relative to CFDs). So overall, the main index rose by 1.8% to 11.3 c/kWh.
Energy Trendz Weekly 20 March 2022, Issue 1,297
By Ruth McKinlay, March 22, 2022
Average prices decreased by 10.1% at Benmore, decreased by 9.9% at Islington, decreased by 11.2% at Haywards and decreased by 13.6% at Otahuhu over the last week. Total Storage decreased to 2,999 GWh. NI storage decreased by 10 % to 343 GWh while SI storage decreased by 5% to 2,655 GWh.
Energy Trendz Weekly 13 March 2022, Issue 1,296
By Ruth McKinlay, March 14, 2022
Average prices increased by 14.7% at Benmore, increased by 15% at Islington, increased by 14.9% at Haywards and increased by 16.5% at Otahuhu over the last week. Total Storage decreased to 3,188 GWh. NI storage decreased by 7 % to 382 GWh while SI storage decreased by 5% to 2,807 GWh.
Nodal Spreads in ASX Futures Prices
By Ruth McKinlay, March 14, 2022
We have often pointed out that ASX futures prices don’t always appear to behave rationally. In this post we look at the spread (difference) between the ASX futures prices at Benmore and Otahuhu.
Energy Trendz Weekly 6 March 2022, Issue 1,295
By Ruth McKinlay, March 7, 2022
Average prices increased by 87.6% at Benmore, increased by 88.4% at Islington, increased by 16.6% at Haywards and increased by 15.3% at Otahuhu over the last week. Total Storage decreased to 3,355 GWh. NI storage decreased by 7 % to 411 GWh while SI storage decreased by 6% to 2,943 GWh.
Price Path Emissions
By Greg Sise, March 7, 2022
As we make the transition to net-zero carbon, it’s always interesting see forecasts of emissions in the future. Every time we run our quarterly long-term forecast, the ‘Price Path’, we get updated forecasts of how emissions might change in the electricity sector.
Energy Trendz Weekly 27 February 2022, Issue 1,294
By Ruth McKinlay, February 28, 2022
Average prices increased by 68% at Benmore, increased by 68.3% at Islington, increased by 18.1% at Haywards and increased by 19.5% at Otahuhu over the last week. Total Storage decreased to 3,558 GWh. NI storage decreased by 7 % to 441 GWh while SI storage decreased by 2% to 3,117 GWh.
Electricity Contract Indexes February 2022, Issue 155
By Ruth McKinlay, February 28, 2022
After a strong finish to 2021, the traded energy volume for index-qualifying contracts fell sharply this month, though the total number of contracts traded remained relatively high: 9 FPVV and 8 CFD.
Energy Trendz Weekly 20 February 2022, Issue 1,293
By Ruth McKinlay, February 21, 2022
Average prices decreased by 59.1% at Benmore, decreased by 59.1% at Islington, decreased by 8.7% at Haywards and decreased by 13.5% at Otahuhu over the last week. Total Storage increased to 3,664 GWh. NI storage increased by 22% to 473 GWh while SI storage decreased by 2% to 3,192 GWh.
Energy Trendz Weekly 13 February 2022, Issue 1,292
By Ruth McKinlay, February 14, 2022
Average prices decreased by 22.8% at Benmore, decreased by 23.7% at Islington, decreased by 21.2% at Haywards and decreased by 16.8% at Otahuhu over the last week. Total Storage increased to 3,632 GWh. NI storage increased by 4% to 386 GWh while SI storage increased by 22% to 3,246 GWh.
Energy Trendz Weekly 6 February 2022, Issue 1,291
By Ruth McKinlay, February 8, 2022
Average prices decreased by 26.2% at Benmore, decreased by 26.1% at Islington, decreased by 25.5% at Haywards and decreased by 24.4% at Otahuhu over the last week. Total Storage decreased to 3,037 GWh. NI storage decreased by 8 % to 373 GWh while SI storage decreased by 1% to 2,664 GWh.
Energy Trendz Weekly 30 January 2022, Issue 1,290
By Ruth McKinlay, January 31, 2022
Average prices increased by 5.5% at Benmore, increased by 5.2% at Islington, increased by 4.9% at Haywards and increased by 4.7% at Otahuhu over the last week. Total Storage decreased to 3,104 GWh. NI storage decreased by 7 % to 404 GWh while SI storage decreased by 6% to 2,700 GWh.
Energy Trendz Weekly 23 January 2022, Issue 1,289
By Ruth McKinlay, January 25, 2022
Average prices increased by 31% at Benmore, increased by 30.9% at Islington, increased by 32.2% at Haywards and increased by 30.7% at Otahuhu over the last week. Total Storage decreased to 3,297 GWh. NI storage decreased by 8 % to 432 GWh while SI storage decreased by 5% to 2,864 GWh.