News

Total storage increased 2.9 GWh over the last week. South Island controlled storage decreased 0.3 % to 1,896 GWh; South Island uncontrolled storage decreased 3.2 % to 604 GWh; with Taupo storage increasing 11.8 % to 275 GWh.

Prices yesterday averaged $72 at Benmore, $77 at Haywards, and $89 at Otahuhu. Wind generation averaged 403 MW.   

Forecasts of spot prices are an important tool in the hedging toolkit, and this post provides an overview of the role of forecasts in hedging.

Daily average prices did not exceed $81 over the weekend, with the highest average of $81 at Otahuhu on Friday, and the lowest  of $48 at Benmore on Saturday.

Total storage increased 130.6 GWh over the last week. South Island controlled storage increased 1.8% to 1,902 GWh; South Island uncontrolled storage increased 13.8% to 624 GWh; with Taupo storage increasing 9% to 246 GWh.

Prices yesterday averaged $7 at Benmore, $62 at Haywards, and $56 at Otahuhu. Wind generation averaged 420 MW.  

The main index fell this month, as we expected it would. But there were only three contracts to include in the indexes, one each for CFD and FPVV, which is unusual, but not unprecedented.

Average prices decreased by 80.1% at Benmore, decreased by 80.5% at Islington, decreased by 65% at Haywards and decreased by 65.9% at Otahuhu over the last week.  Total Storage increased to 2,641 GWh. NI storage increased by 8% to 226 GWh while SI storage increased by 10% to 2,416 GWh.

Prices yesterday fell to $0.01 during the day, and averaged $9.76 at Benmore. Wind generation averaged 269 MW.   

Prices at Haywards averaged $103 for the day on Monday, and $139 for the day on Tuesday - with a big spike in evening prices. 

Average prices increased by 86.5% at Benmore, increased by 88.4% at Islington, increased by 83.3% at Haywards and increased by 86.7% at Otahuhu over the last week. Total Storage decreased to 2,412 GWh. NI storage increased by 3% to 210 GWh while SI storage decreased by 6% to 2,203 GWh.

Spot prices at Otahuhu spiked to $174 yesterday. Wind generation averaged 424 MW. 

Total storage decreased 146 GWh over the last week. South Island controlled storage decreased 4.6% to 1,822 GWh; South Island uncontrolled storage decreased 14.8% to 380 GWh; with Taupo storage increasing 3.4% to 210 GWh.

Updated Interim prices prices still showing average prices exceeding $1000 for the day.

Spot price averages at Haywards were $179 on Thursday, $163 on Friday, $125 on Saturday, and $149 on Sunday. 

Spot price averages exceeded $144/MWh yesterday. Wind generation averaged 205 MW. 

Prices yesterday averaged $149 at Benmore, $159 at Haywards, and $173 at Otahuhu. Wind generation averaged 53 MW.   

Spot price averages at Haywards were $135 on Friday, $147 on Saturday and $147 on Sunday. 

Total storage increased 32.4 GWh over the last week. South Island controlled storage increased 1.6 % to 1,925 GWh; South Island uncontrolled storage decreased 9.2 % to 462 GWh; with Taupo storage increasing 31.2 % to 204 GWh.