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Prices spiked to $530.04 at Benmore, $552.44 at Haywards and $584.75 at Otahuhu

Prices at Otahuhu averaged $306.44 on Friday, $313.66 on Saturday and $214.34 on Sunday.

Total storage decreased 7.3 GWh over the last week. South Island controlled storage increased 1% to 963 GWh; South Island uncontrolled storage decreased 2.3% to 418 GWh; with Taupo storage decreasing 2.2% to 287 GWh.

We’ve been asked many times recently why spot prices are so high, so this has prompted me to finally put fingers to keyboard for another blog.  The spot prices are a function of low hydro storage, restricted fuel supplies, and plant outages.

Average prices increased by 5% at Benmore, increased by 4% at Islington, increased by 5% at Haywards and increased by 5% at Otahuhu over the last week. Total Storage decreased to 1,676 GWh.

The index increased this month to  7.7 c/kWh on a volume of 18 contracts traded 7 CFD, 11 FPVV. The Energy Link indices exclude contracts from ASX, that are less than 6 months in duration, have volumes significantly less than disclosure rules require, are unverified or in dispute.

Spot prices averaged $318.23 at Benmore, $321.62 at Haywards and $327.54 at Otahuhu.

Prices spiked to $805.00 at Benmore, $831.44 at Haywards and  $865.61 at Otahuhu. 

Average prices increased by 139% at Benmore, increased by 138% at Islington, increased by 134% at Haywards and increased by 125% at Otahuhu over the last week. Total Storage decreased to 1,719 GWh.

Another day of high prices, with Benmore averaging $341.21 and spiking to $638.43.

Spot prices remain high, driven it seems by a combination of factors including e3p output constrained below typical levels, a long outage on one unit at the Stratford peaker, and low output from southern hydro lakes especially Tekapo and Pukaki.

Spot prices continued their upward trend.

Prices continued their upward trend over the weekend, with Sunday prices averaging $182.95 at Benmore, $186.44 at Haywards and $192.08 at Otahuhu.

Total storage increased 7.5 GWh over the last week. South Island controlled storage decreased 6.9% to 1017 GWh; South Island uncontrolled storage increased 36.9% to 423 GWh; with Taupo storage decreasing 8.8% to 326 GWh.

Spot prices averaged over $100/MWh across most of the country.

Average prices increased by 26% at Benmore, increased by 25% at Islington, increased by 26% at Haywards and increased by 27% at Otahuhu over the last week. Total Storage decreased to 1,759 GWh.

Total storage decreased 127 GWh over the last week. South Island controlled storage decreased 7.3% to 1,093 GWh; South Island uncontrolled storage decreased 5.6% to 309 GWh; with Taupo storage decreasing 6.1% to 357 GWh.

Prices spiked to $220.84 at Benmore, $233.94 at Haywards and $267.11 at Otahuhu.

Prices averaged $82.51 and spiked to $141.90 at Otahuhu yesterday