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.
Energy Trendz Daily 21 - 23 May 2021
By Ruth McKinlay, May 24, 2021
Spot price averages at Benmore were $198 on Friday, $256 on Saturday, and $265 on Sunday.
Energy Trendz Daily 20 May 2021 (Interim)
By Ruth McKinlay, May 21, 2021
Spot prices at Otahuhu spiked to $490 yesterday. Wind generation averaged 199 MW.
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 Daily 19 May 2021 (Interim)
By Ruth McKinlay, May 20, 2021
Spot price averages exceeded $234/MWh yesterday. Wind generation averaged 406 MW.
Hydro Watch 20 May 2021, Issue 1,257
By Ruth McKinlay, May 20, 2021
Total storage increased 104.4 GWh over the last week. South Island controlled storage increased 6.2% to 1,505 GWh; South Island uncontrolled storage increased 2% to 438 GWh; with Taupo storage increasing 12.6% to 77 GWh.
Energy Trendz Daily 18 May 2021 (Interim)
By Ruth McKinlay, May 19, 2021
Prices yesterday averaged $248 at Benmore, $249 at Haywards, and $261 at Otahuhu. Wind generation averaged 482 MW.
Energy Trendz Daily 17 May 2021 (Interim)
By Ruth McKinlay, May 18, 2021
Prices yesterday averaged $265 at Benmore, $269 at Haywards, and $279 at Otahuhu. Wind generation averaged 314 MW.
Energy Trendz Daily 14 - 16 May 2021
By Ruth McKinlay, May 17, 2021
Spot price averages at Haywards were $351 on Friday, $210 on Saturday, and $219 on Sunday.
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 Daily 13 May 2021 (Provisional)
By Ruth McKinlay, May 14, 2021
Spot price averages exceeded $312/MWh yesterday. Wind generation averaged 258 MW.
Energy Trendz Daily 12 May 2021 (Provisional)
By Ruth McKinlay, May 13, 2021
Spot prices at Otahuhu spiked at $319 yesterday. Wind generation averaged 412 MW.
Hydro Watch 13 May 2021, Issue 1,256
By Ruth McKinlay, May 13, 2021
Total storage increased 180.8 GWh over the last week. South Island controlled storage increased 8.3% to 1,418 GWh; South Island uncontrolled storage increased 20.3% to 430 GWh; with Taupo storage decreasing 0.6% to 68 GWh.
Energy Trendz Daily 11 May 2021 (provisional)
By Ruth McKinlay, May 12, 2021
Prices yesterday averaged $177 at Benmore, $178 at Haywards, and $187 at Otahuhu. Wind generation averaged 447 MW.
Energy Trendz Daily 10 May 2021 (provisional)
By Ruth McKinlay, May 11, 2021
Prices yesterday averaged $175 at Benmore, $174 at Haywards, and $180 at Otahuhu. Wind generation averaged 350 MW.
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.
Energy Trendz Daily 7 - 9 May 2021 (Interim)
By Ruth McKinlay, May 10, 2021
Spot price averages at Benmore were $288 on Friday, $265 on Saturday, and $204 on Sunday.
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?”
Energy Trendz Daily 6 May 2021 (Interim)
By Ruth McKinlay, May 7, 2021
Spot price averages exceeded $258/MWh yesterday. Wind generation averaged 235 MW.
Hydro Watch 6 May 2021, Issue 1,255
By Ruth McKinlay, May 6, 2021
Total storage decreased 88.7 GWh over the last week. South Island controlled storage decreased 4.6% to 1,309 GWh; South Island uncontrolled storage increased 1.7% to 357 GWh; with Taupo storage decreasing 32% to 69 GWh.
Energy Trendz Daily 5 May 2021 (Interim)
By Ruth McKinlay, May 6, 2021
Prices yesterday averaged $232 at Benmore, $233 at Haywards, and $237 at Otahuhu. Wind generation averaged 333 MW.
Energy Trendz Daily 4 May 2021 (Interim)
By Ruth McKinlay, May 5, 2021
Prices yesterday averaged $277 at Benmore and Otahuhu, and $274 at Haywards. Wind generation averaged 243 MW.
Energy Trendz Daily 3 May 2021 (Interim)
By Ruth McKinlay, May 4, 2021
Spot prices at Otahuhu spiked at $541 yesterday. Wind generation averaged 71 MW.
Energy Trendz Weekly 2 May 2021, Issue 1,251
By Ruth McKinlay, May 3, 2021
Average prices increased by 11.9% at Benmore, increased by 12.1% at Islington, increased by 12.3% at Haywards and increased by 11.7% at Otahuhu over the last week. Total Storage decreased to 1,824 GWh. NI storage decreased by 19 % to 101 GWh while SI storage increased by 0% to 1,723 GWh.
Energy Trendz Daily 28 April - 2 May 2021
By Ruth McKinlay, May 3, 2021
Spot price averages at Benmore during this period ranged from $250 to $298.
Energy Link Electricity Contract Indexes April 2021, Issue 145
By Claudia McHerron, April 30, 2021
There were 8 contracts traded that were eligible to include in the index calculations this month, but the last of these was on the 6th April, and since then nothing has traded in the OTC market (or at least not that meets the index criteria for size and duration).
Hydro Watch 29 April 2021, Issue 1,254
By Michael Cawte, April 30, 2021
Total storage decreased 16.4 GWh over the last week. South Island controlled storage decreased 3.6 % to 1372 GWh; South Island uncontrolled storage increased 20.3 % to 351 GWh; with Taupo storage decreasing 19 % to 101 GWh.
Energy Trendz Weekly 25 April 2021, Issue 1,250
By Michael Cawte, April 28, 2021
Average prices decreased by 7.5% at Benmore, decreased by 7.9% at Islington, decreased by 8.2% at Haywards and decreased by 9.6% at Otahuhu over the last week. Total Storage decreased to 1839 GWh. NI storage decreased by 6 % to 142 GWh while SI storage decreased by 8% to 1697 GWh.
Energy Trendz Daily 23-27 April 2021 (Interim)
By Michael Cawte, April 28, 2021
The spot price at Haywards averaged $250 over the last 7 days. Wind generation increased its share of output averaging 252 MW of generation over the last 7 days.
Energy Trendz Daily 22 April 2021 (Interim)
By Ruth McKinlay, April 23, 2021
Averages yesterday were in line with the month-to-date, with $266 at Benmore, $271 at Haywards, and $274 at Otahuhu. Wind generation averaged 132 MW.
Levelised Cost of Energy - What is it?
By Greg Sise, April 23, 2021
“We’re about to launch a new, free tool on our web site. It calculates the LCOE of your generation project. But what the f*&% is it?"
Energy Trendz Daily 21 April 2021 (Interim)
By Ruth McKinlay, April 22, 2021
Spot price averages exceeded $247/MWh yesterday. Wind generation averaged 108 MW.
Hydro Watch 22 April 2021, Issue 1,253
By Ruth McKinlay, April 22, 2021
Total storage increased 12.6 GWh over the last week. South Island controlled storage decreased 1.7% to 1,424 GWh; South Island uncontrolled storage increased 21.1% to 292 GWh; with Taupo storage decreasing 10.3% to 124 GWh.
Energy Trendz Daily 20 April 2021 (Interim)
By Ruth McKinlay, April 21, 2021
Prices yesterday averaged $291 at Benmore, $297 at Haywards, and $309 at Otahuhu. Wind generation averaged 245 MW.
Energy Trendz Daily 19 April 2021 (Interim)
By Ruth McKinlay, April 20, 2021
Prices yesterday averaged $208 at Benmore, $210 at Haywards, and $221 at Otahuhu. Wind generation averaged 389 MW.
Energy Trendz Daily 16 - 18 April 2021
By Ruth McKinlay, April 19, 2021
Spot price averages at Benmore were $206 on Friday, $245 on Saturday, and $202 on Sunday.
Energy Trendz Weekly 18 April 2021, Issue 1,249
By Ruth McKinlay, April 19, 2021
Average prices decreased by 10.1% at Benmore, decreased by 10.2% at Islington, decreased by 9.1% at Haywards and decreased by 7.2% at Otahuhu over the last week. Total Storage decreased to 1,839 GWh. NI storage decreased by 6 % to 142 GWh while SI storage decreased by 8% to 1,697 GWh.
Hedging Fundamentals Part 2
By Paul Chapman, April 18, 2021
This blog post follows on from Hedging Fundamentals Part 1 and answers "Why are spot prices in the NZ wholesale electricity market so volatile?"
Energy Trendz Daily 15 April 2021 (Interim)
By Ruth McKinlay, April 16, 2021
Prices yesterday averaged $250 at Benmore, $256 at Haywards, and $268 at Otahuhu. Wind generation averaged 354 MW.