News

The Energy Link index decreased this month to 7.5 c/kWh on a volume of 8 contracts traded (2 CFD, 6 FPVV). The Energy Link index excludes contracts from ASX, and contracts less than 6 months in duration.

Total storage increased 103.8 GWh over the last week. South Island controlled storage increased 1.1% to 2608 GWh; South Island uncontrolled storage increased 17.6% to 618 GWh; with Taupo storage decreasing 4.5% to 338 GWh.

It’s ironic that this month’s announcement that there will be no new offshore oil and gas exploration permits issued in New Zealand was titled “Planning for the future…”. This announcement was totally out of the blue and if there is a “plan” somewhere, it appears that no one outside of government knows what it is.

Prices averaged $58.59 and spiked at $103.73 at Otahuhu yesterday

Prices averaged $45.49 at Haywards yesterday

Total storage decreased 61.5 GWh over the last week. South Island controlled storage decreased 0.3% to 2581 GWh; South Island uncontrolled storage decreased 4.1% to 525 GWh; with Taupo storage decreasing 8.1% to 354 GWh.

Prices dipped below $10 at Benmore, Haywards and Otahuhu yesterday

Average prices increased by 30% at Benmore, increased by 32% at Islington, increased by 14% at Haywards and increased by 11% at Otahuhu over the last week. New Zealand storage increased to 3454 GWh. 

Spot prices continued their slow climb as wind farm output fell 

Spot prices ranged between the low $20s overnight and $120 at Otahuhu during the evening peak.

Spot prices have recovered after a warm Easter break and daily averages yesterday sat in the high $40s to low $60s.

Total storage increased 83.1 GWh over the last week. South Island controlled storage increased 2.3% to 2515 GWh; South Island uncontrolled storage increased 6.9% to 535 GWh; with Taupo storage decreasing 1.8% to 404 GWh.

Average prices increased by 5% at Benmore, increased by 5% at Islington, increased by 7% at Haywards and increased by 8% at Otahuhu over the last week. New Zealand storage increased to 3371 GWh. 

Prices averaged $70.56 and spiked at $98.84 at Otahuhu yesterday

Prices averaged $71.18 at Haywards yesterday

The Energy Link index increased this month to 7.7 c/kWh on a volume of 6 contracts traded (2 CFD, 4 FPVV). The Energy Link index excludes contracts from ASX, and contracts less than 6 months in duration.

Average prices increased by 7% at Benmore, increased by 7% at Islington, increased by 6% at Haywards and increased by 4% at Otahuhu over the last week. New Zealand storage decreased to 3272 GWh.

Prices spiked at just $74.41 at Benmore, $74.67 at Haywards and $82.27 at Otahuhu yesterday

Total storage decreased 125.7 GWh over the last week. South Island controlled storage increased 0% to 2448 GWh; South Island uncontrolled storage decreased 22.2% to 378 GWh; with Taupo storage decreasing 4% to 447 GWh.