News

The price remained low over the weekend reaching only $35.85 at Haywards on Sunday

This is the third and final post in a series which draws on research undertaken in collaboration with the Department of Accountancy and Finance at the University of Otago.  In the first post, we looked at evidence for premia in electricity futures prices.  In the second post we found some surprising drivers of premia observed in futures prices.  In this post we look at liquidity in the futures market, how it has evolved, and what developments or events caused it to change.

Prices at Haywards averaged $48.85 for the day

Prices spiked at over $100 at Otahuhu during the morning peak demand periods

Average spot prices moved up 11% - 13% over the week, ranging between $0 and $179/MWh

 Total storage decreased 98.9 GWh over the last week. South Island controlled storage decreased 4% to 1566 GWh; South Island uncontrolled storage decreased 9.8% to 272 GWh; with Taupo storage decreasing 0.8% to 498 GWh.

Prices spiked following TCC generation tripping off the grid around midday

Prices fell over the weekend due to continued high North Island inflows

Prices increased as Huntly returned to the market replacing Tekapo.

Average prices increased by 7% at Benmore, increased by 8% at Islington, increased by 7% at Haywards and increased by 6% at Otahuhu over the last week. New Zealand storage decreased to 2604 GWh. 

 Spot prices dropped to a few dollars per MWh overnight. 

Energy Link's review of the Electricity Market for the 21st September 2016.

In a very quiet month, the index decreased 0.1 c/kWh to 7.9 c/kWh at Haywards, on a volume of only one CFD (hedge) contract.

Energy Link's review of the Electricity Market for the 19th September 2016.

Energy Link's review of the Electricity Market for the 13th September 2016.