News

Average prices decreased by 10% at Benmore, decreased by 10% at Islington, decreased by 28% at Haywards and decreased by 28% at Otahuhu over the last week. New Zealand storage increased to 3604 GWh.

Total storage increased 6 GWh over the last week. South Island controlled storage increased 1% to 2685 GWh; South Island uncontrolled storage decreased 5.5% to 580 GWh; with Taupo storage increasing 3.9% to 339 GWh.

Prices averaged $51.24 at Haywards yesterday

Prices dipped below $1 at Benmore, Haywards and Otahuhu yesterday

Prices averaged $58.55 and spiked at $131.48 at Otahuhu yesterday 

Prices averaged $50.46 at Benmore yesterday

Average prices decreased by 30% at Benmore, decreased by 31% at Islington, decreased by 31% at Haywards and decreased by 29% at Otahuhu over the last week. New Zealand storage increased to 3564 GWh.

The Energy Link index decreased this month to 7.5 c/kWh on a volume of 8 contracts traded (2 CFD, 6 FPVV). The Energy Link index excludes contracts from ASX, and contracts less than 6 months in duration.

Total storage increased 103.8 GWh over the last week. South Island controlled storage increased 1.1% to 2608 GWh; South Island uncontrolled storage increased 17.6% to 618 GWh; with Taupo storage decreasing 4.5% to 338 GWh.

It’s ironic that this month’s announcement that there will be no new offshore oil and gas exploration permits issued in New Zealand was titled “Planning for the future…”. This announcement was totally out of the blue and if there is a “plan” somewhere, it appears that no one outside of government knows what it is.

Prices averaged $58.59 and spiked at $103.73 at Otahuhu yesterday

Prices averaged $45.49 at Haywards yesterday

Total storage decreased 61.5 GWh over the last week. South Island controlled storage decreased 0.3% to 2581 GWh; South Island uncontrolled storage decreased 4.1% to 525 GWh; with Taupo storage decreasing 8.1% to 354 GWh.

Prices dipped below $10 at Benmore, Haywards and Otahuhu yesterday

Average prices increased by 30% at Benmore, increased by 32% at Islington, increased by 14% at Haywards and increased by 11% at Otahuhu over the last week. New Zealand storage increased to 3454 GWh. 

Spot prices continued their slow climb as wind farm output fell 

Spot prices ranged between the low $20s overnight and $120 at Otahuhu during the evening peak.

Spot prices have recovered after a warm Easter break and daily averages yesterday sat in the high $40s to low $60s.

Total storage increased 83.1 GWh over the last week. South Island controlled storage increased 2.3% to 2515 GWh; South Island uncontrolled storage increased 6.9% to 535 GWh; with Taupo storage decreasing 1.8% to 404 GWh.