News

The Tiwai Pt aluminium smelter has received a stay of execution, with the news last week that Meridian Energy and the smelter’s majority owner, Rio Tinto, reached agreement on 13th January to amend their existing agreement so that its termination date is now 31st December 2024, and not August 2021.

 Total storage increased 124 GWh over the last week. South Island controlled storage increased 4.6% to 1,745 GWh; South Island uncontrolled storage increased 23.5% to 420 GWh; with Taupo storage decreasing 6.7% to 443 GWh.

Prices yesterday averaged $97 at Benmore and Haywards, and $99 at Otahuhu yesterday. Wind generation averaged 450 MW. 

Average prices increased by 77.3% at Benmore, increased by 79.2% at Islington, increased by 75.9% at Haywards and increased by 71.1% at Otahuhu over the last week. Total Storage decreased to 2,483 GWh. NI storage decreased by 2 % to 474 GWh while SI storage decreased by 1% to 2,009 GWh.

Spot price averages exceeded $206/MWh yesterday. Wind generation averaged 71 MW. 

Prices yesterday averaged $186 at Benmore, $193 at Haywards and $209 at Otahuhu yesterday. Wind generation averaged 89 MW. 

Average prices increased by 36% at Benmore, increased by 35% at Islington, increased by 34% at Haywards and increased by 33% at Otahuhu over the last week.  Total Storage increased to 2,502 GWh. NI storage increased by 6% to 482 GWh while SI storage increased by 3% to 2,020 GWh.

Prices averaged $112 at Benmore, $115 at Haywards and $125 at Otahuhu yesterday. Wind generation averaged 171 MW. 

The index increased this month on a volume of 26 contracts traded 14 CFD, 12 FPVV.  The spread of prices making up the index was 6.0 c/kWh this month. Prices for the contracts varied from 6.0 c/kWh to 11.9 c/kWh when referenced to Haywards.  The gap between the ELL Index and the ASX index has remained mostly unchanged this month as both indices increase.

Prices averaged $146 at Benmore, $148 at Haywards and $155 at Otahuhu yesterday. Wind generation averaged 187 MW. 

Spot prices spiked to $165.93 at Otahuhu yesterday. Wind generation averaged 419 MW.

Spot prices spiked to $283.06 at Otahuhu yesterday. Wind generation averaged 169 MW.

Average prices increased by 36.7% at Benmore, increased by 38.2% at Islington, increased by 32.4% at Haywards and increased by 31.4% at Otahuhu over the last week.  Total Storage increased to 2,525 GWh. NI storage decreased by 5 %  to 469 GWh while SI storage increased by 2% to 2,056 GWh.

Spot price averages exceeded $203/MWh yesterday. Wind generation averaged 262 MW. 

Spot price averages exceeded $217/MWh yesterday. Wind generation averaged 294 MW. 

Spot price averages exceeded $104/MWh yesterday. Wind generation was strong, averaging 414 MW.

Spot price averages at Otahuhu were $128 on Friday, $127 on Saturday, and $128 on Sunday.  

 Total storage decreased 82 GWh over the last week. South Island controlled storage decreased 2.8% to 1723 GWh; South Island uncontrolled storage decreased 16.6% to 302 GWh; with Taupo storage increasing 5.8% to 492 GWh.

Prices averaged $84.6 at Benmore, $103.69 at Haywards and $117.48 at Otahuhu yesterday. Wind generation averaged 302 MW.