News

Spikes in reserve prices lead to spikes in spot prices, with prices peaking at $500.00, $544.03, $622.33 at Benmore, Haywards, and Otahuhu respectively.

Average prices increased by 4% at Benmore, increased by 3% at Islington, increased by 12% at Haywards and increased by 14% at Otahuhu over the last week. Total Storage decreased to 2,888 GWh. NI storage increased by 11% to 312 GWh while SI storage decreased by 4% to 2,575 GWh.

Spot prices spiked in trading period 43 at a price of $786.22, $832.83, $921.11 at Benmore, Haywards, and Otahuhu respectively.

Volatility returned to the market with prices spiking at $847.30, $879.42 and $958.80 at Bemore, Haywards, and Otahuhu respectively in trading period 33.

Daily prices averaged $105.67, $112.41, $125.71 at Benmore, Haywards, and Otahuhu respectively.

Total storage decreased 66.6 GWh over the last week. South Island controlled storage decreased 1.8 % to 2177 GWh; South Island uncontrolled storage decreased 13 % to 398 GWh; with Taupo storage increasing 11.3 % to 312 GWh. 

Prices peaked over $248 at Otahuhu yesterday.

Spot prices yesterday ranged from $57 to $212 at Benmore and from $64 to $272 at Otahuhu.

Average prices decreased by 1.8% at Benmore, decreased by 1% at Islington, decreased by 2.2% at Haywards and decreased by 3.5% at Otahuhu over the last week. Total Storage increased to 2,954 GWh. NI storage increased by 27% to 281 GWh while SI storage increased by 5% to 2,674 GWh.

Daily prices averaged $116.38, $120.33, $132.23 at Benmore, Haywards, and Otahuhu respectively.

Northward transfers on the HVDC link remained low. Daily prices averaged $91.87, $94.10, $101.72 at Benmore, Haywards, and Otahuhu respectively.

This is the third in a series of three posts on what I see as the most important issues for the electricity market for the 2020s and beyond.  The first issue was woeful lack of disclosure in the gas market, and the second issue was the ineffectiveness of the electricity hedge market.  This third and final issue is on the challenge of moving toward extremely high level

Average prices increased by 17% at Benmore, Islington, and Haywards, and increased by 18% at Otahuhu over the last week. North Island storage increased by 31% to 221 GWh, while South Island storage decreased by 6% to 2544 GWh. Total Storage decreased to 2,765 GWh.

Total storage decreased 96.1 GWh over the last week. South Island controlled storage decreased 4.3% to 2,191 GWh; South Island uncontrolled storage decreased 12.2% to 354 GWh; with Taupo storage increasing 30.9% to 221 GWh.

Prices peaked over $285 at Otahuhu yesterday.

Spot price averages exceeded $88/MWh yesterday.

Average prices decreased by 22.2% at Benmore, decreased by 23% at Islington decreased by 24% at Haywards and decreased by 25.2% at Otahuhu over the last week. Total Storage decreased to 2,862 GWh. NI storage decreased by 17 % to 169 GWh while SI storage decreased by 5% to 2,693 GWh.

Prices at Haywards averaged $79 for the day.