News

Average prices increased by 4% at Benmore and Islington, increased by 5% at Haywards and increased by 6% at Otahuhu over the last week. Total Storage decreased to 1,746 GWh. NI storage decreased by 7 %  to 209 GWh while SI storage decreased by 7% to 1,537 GWh.

Total storage decreased 124 GWh over the last week. South Island controlled storage decreased 6.1 % to 1,198 GWh; South Island uncontrolled storage decreased 8.3 % to 340 GWh; with Taupo storage decreasing 7.1 % to 209 GWh.

Spot prices yesterday ranged from $99 to $343 at Benmore, $99 to $346 at Haywards, and from $101 to $362 at Otahuhu.

Average prices decreased by 14% at Benmore and Islington, decreased by 13.% at Haywards and Otahuhu over the last week. Total Storage decreased to 1,870 GWh. NI storage increased by 12% to 225 GWh while SI storage decreased by 2% to 1,645 GWh.

The index increased this month on a volume of 30 contracts traded 20 CFD, 10 FPVV.The spread of prices making up the index was 6.2 c/kWh this month. Prices for the contracts variedfrom 7.6 c/kWh to 13.8 c/kWh when referenced to Haywards.The gap between the ELL Index and the ASX index has increased over the month as the ASX drops.

The daily average spot price averaged $98.96 at Haywards. Reserve prices picked up in the evening period. TCC generated at an average rate of 249 MW, down from an average rate of greater than 300 MW in the previous week. Wind generation averaged 227 MW.

Total storage decreased 9.9 GWh over the last week. South Island controlled storage decreased 5% to 1275 GWh; South Island uncontrolled storage increased 9.6% to 370 GWh; with Taupo storage increasing 12.2% to 225 GWh.

Average prices decreased by 10% at Benmore and Islington, decreased by 11% at Haywards and decreased by 13% at Otahuhu over the last week. Total Storage decreased to 1,880 GWh. NI storage increased by 5% to 200 GWh while SI storage decreased by 5% to 1,680 GWh.

Daily average prices were $138.41, $141.30 and $153.60 at Benmore, Haywards, and Otahuhu respectively. Wind generation averaged 299 MW.

Daily average prices were $136.40, $140.03 and $154.88 at Benmore, Haywards, and Otahuhu respectively. Wind generation averaged 255 MW.

Daily average prices were $107.96, $111.08 and $121.01 at Benmore, Haywards, and Otahuhu respectively. Wind generation averaged 192 MW.

Daily average prices on Sunday were $102.57, $102.50 and $109.35 at Benmore, Haywards, and Otahuhu respectively. Wind generation averaged 391 MW.

Rio Tinto, the majority owner of the Tiwai Pt aluminium smelter, announced last Thursday, 9th July, that it has terminated its electricity contract with Meridian Energy and that it will close the smelter by August 2021.  The announcement is short on details, and many questions remain unanswered.

Total storage decreased 11.6 GWh over the last week. South Island controlled storage decreased 6.1 % to 1439 GWh; South Island uncontrolled storage increased 31 % to 337 GWh; with Taupo storage increasing 1.3 % to 191 GWh.

Daily average prices were $109.50, $113.51 and $126.51 at Benmore, Haywards, and Otahuhu respectively. Wind generation averaged 277 MW.

Average prices on Sunday were $124.48, $125.97 and $132.60 at Benmore, Haywards, and Otahuhu respectively. Wind generation averaged 250 MW.

Average prices were $298.48, $303.42 and $315.45 at Benmore, Haywards, and Otahuhu respectively. Wind generation averaged 229 MW. Whirinaki generated in both the morning and evening peaks.

Average prices were $278.19, $282.50 and $294.67 at Benmore, Haywards, and Otahuhu respectively. Wind generation averaged 213MW.

Spot price averages exceeded $133/MWh yesterday. Wind generation averaged 198MW.