Current events: Is New Zealand''s electricity system better prepared for
Wholesale electricity prices in New Zealand spiked in the winter of 2024, causing significant pain for New Zealand businesses. The main driver was a shortage of “fuel” to generate electricity: gas
Market Operations Weekly Report
Weekly report on the electricity market, including security of supply, wholesale price trends and system capacity.
Eye on electricity | Electricity Authority
In an ''Eye on electricity'' article in June, we compared the prices of long and short hedges to estimates of the levelised cost of electricity and short run mar
The need for energy storage: Firming New Zealand''s renewable
Concept Consulting''s modelling shows that without thermal generation from the Rankine units as part of New Zealand''s energy storage solution, wholesale electricity prices would likely be 60% higher in the
Electricity cost and price monitoring
View data for household sales-based electricity cost and publicly advertised retail electricity tariffs (Quarterly Survey of Domestic Electricity Prices).
Retail power prices and power supply security
As retail prices increase, storage in our power system is declining because of historically low rainfall (needed for our hydro-power lakes) and low wind generation. This stress on our power
Understanding the value of residential solar PV and storage in
To achieve this, the study investigates in detail how the rate of return to a homeowner from solar PV varies both with and without storage under diferent price structures.
Retail and Buyback Prices
One of the aims of the project is to assess this performance with different retail and buyback prices and structures. Section 2 of this appendix introduces retail and buyback prices, the retail price structures
NZ energy crisis: electricity demand will jump as NZ decarbonises –
Storage levels are now around 800 gigawatt hours (GWh) less than the minimum levels in 2023, and more than 1,000GWh less than the historical mean for this time of year. This is
NEW ZEALAND''S ELECTRICITY MARKET
price spikes. With hydro generation accounting for 61% of New Zealand''s electricity supply in 2023, its variability significantly impacts ma ket stability. While heavy rainfall in late August 2024, coupled with
Market Operations Weekly Report
One of the aims of the project is to assess this performance with different retail and buyback prices and structures. Section 2 of this appendix introduces retail and buyback prices, the retail price structures