Electricity Prices and Hydrological Summary
On Sunday 18 May, national storage was at 1,924 GWh, 64% of the average for this time of the year. National inflows for the last seven days were 59% of the average.
Please note: The average prices quoted in this release are the time-weighted half-hour wholesale electricity prices at the location indicated. Wholesale prices tend to fluctuate in the short term and are set by competitive behaviour in the market. Half-hourly and annual averages are published on http://www.comitfree.co.nz .
The wholesale electricity price differs from the retail electricity price, which is the price domestic consumers pay retailers for electricity and is the price consumers see on their electricity bill. There are a number of factors, including the wholesale price, which influence retail prices.