News

Prices at Haywards averaged $87 on Friday, $96 on Saturday and $83 on Sunday. 

Spot price averages exceeded $75/MWh yesterday.

Spot price averages exceeded $100/MWh yesterday.

Average prices decreased by 2.4% at Benmore,increased by 5.6% at Haywards and decreased by 37.7% at Otahuhu over the last week. Total Storage decreased to 3044 GWh. NI storage decreased by 6 %  to 203 GWh while SI storage decreased by 7% to 2841 GWh.

Total storage decreased 216.7 GWh over the last week. South Island controlled storage decreased 4.6% to 2,406 GWh; South Island uncontrolled storage decreased 16.9% to 435 GWh; with Taupo storage decreasing 5.7% to 203 GWh.

Spot price averages exceeded $126/MWh yesterday.

Prices at Otahuhu ranged from $73 to $161 yesterday.

Prices at Haywards averaged $79 on Friday, and $90 on Saturday and Sunday.

Total storage decreased 206 GWh over the last week. South Island controlled storage decreased 3% to 2523 GWh; South Island uncontrolled storage decreased 19.6% to 523 GWh; with Taupo storage decreasing 0.6% to 215 GWh.

The index increased this month on a volume of 4 contracts traded 2 CFD, 2 FPVV. The Energy Link indices exclude contracts from ASX, that are less than 6 months in duration, have volumes significantly less than disclosure rules require, are unverified or in dispute.

Prices at Benmore averaged $84 for the day.

Prices at Haywards averaged $86 on Friday, $67 on Saturday and $58 on Sunday.

Total storage decreased 215.8 GWh over the last week. South Island controlled storage decreased 2.8% to 2,600 GWh; South Island uncontrolled storage decreased 19.6% to 650 GWh; with Taupo storage increasing 8.2% to 216 GWh

Averages yesterday were $77 at Benmore, $83 at Haywards and $98 at Otahuhu.

Average prices increased by 27% at Benmore, 28% at Islington, increased by 26% at Haywards and 24% at Otahuhu over the last week. Total Storage increased to 3,682 GWh.

This is the second in a series of three posts on what I see as the most important issues for the electricity market for the 2020s.  The first issue was disclosure in the gas market, which has as much impact on electricity as it has on gas, and is woefully inadequate.  The second issue, and the topic of this post, is the electricity hedge market:  how it is not working for new retail

Total storage increased 168.1 GWh over the last week. South Island controlled storage increased 4.8% to 2,674 GWh; South Island uncontrolled storage decreased 2.9% to 809 GWh; with Taupo storage increasing 52.2% to 200 GWh.

Prices at Benmore averaged $79 for the day.

Average prices at Haywards over the long weekend were $66 on Friday, $75 on Saturday, $80 on Sunday, and $85 on Monday.