News

Total storage decreased 2.9 GWh over the last week. South Island controlled storage increased 0.5% to 1575 GWh; South Island uncontrolled storage decreased 3% to 445 GWh; with Taupo storage increasing 0.7% to 497 GWh.

Prices at Haywards averaged $48.49 for the day

Prices at Haywards averaged $47.86 for the day

Prices at Haywards averaged $49.79 for the day

Prices at Haywards averaged $50.57 for the day

Prices at Haywards averaged $49.08 for the day

Prices at Haywards averaged $46.08 for the day

Total storage increased 56.7 GWh over the last week. South Island controlled storage increased 2.8% to 1553 GWh; South Island uncontrolled storage increased 3% to 510 GWh; with Taupo storage decreasing 0.1% to 501 GWh.

The Energy Link index increased this month to 7.6 c/kWh on a volume of 17 contracts traded (6 CFD, 11 FPVV). The Energy Link index excludes contracts from ASX, and contracts less than 6 months in duration.

Average prices decreased by 7% at Benmore, decreased by 8% at Islington, decreased by 6% at Haywards and decreased by 6% at Otahuhu over the last week. New Zealand storage increased to 2507 GWh. 

Prices reached $100 at Otahuhu during morning and evening peaks

Prices at Haywards averaged $52.25 for the day. Huntly, which returned for a single day on Tuesday has now exited the market again.

Prices at Haywards averaged $44.71 for the day

The price remained low over the weekend reaching only $35.85 at Haywards on Sunday

This is the third and final post in a series which draws on research undertaken in collaboration with the Department of Accountancy and Finance at the University of Otago.  In the first post, we looked at evidence for premia in electricity futures prices.  In the second post we found some surprising drivers of premia observed in futures prices.  In this post we look at liquidity in the futures market, how it has evolved, and what developments or events caused it to change.

Prices at Haywards averaged $48.85 for the day

Prices spiked at over $100 at Otahuhu during the morning peak demand periods

Average spot prices moved up 11% - 13% over the week, ranging between $0 and $179/MWh

 Total storage decreased 98.9 GWh over the last week. South Island controlled storage decreased 4% to 1566 GWh; South Island uncontrolled storage decreased 9.8% to 272 GWh; with Taupo storage decreasing 0.8% to 498 GWh.