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Wholesale electricity market summary 25 July 2004

Wholesale electricity market summary 25 July 2004

25 July 2004

Spot Market Daily Average Reference Point Prices 0.00 2.00 4.00 6.00 8.00 10.00 27 Apr 12 May 27 May 11 Jun 26 Jun 11 Jul Price (c/kWh)

Otahuhu Haywards Benmore 18-Jul 19-Jul 20-Jul 21-Jul 22-Jul 23-Jul 24-Jul 25-Jul Sun Mon Tue Wed Thu Fri Sat Sun Daily Average Reference Price (c/kWh) Otahuhu 0.83 2.21 3.48 3.11 4.09 3.84 3.03 2.70 Haywards 0.77 2.00 3.15 2.83 3.75 3.54 2.74 2.47 Benmore 0.69 1.73 2.47 2.59 3.18 3.20 2.34 2.21 18-Jul 19-Jul 20-Jul 21-Jul 22-Jul 23-Jul 24-Jul 25-Jul Sun Mon Tue Wed Thu Fri Sat Sun Daily Average Reference Price (c/kWh) Otahuhu 0.83 2.21 3.48 3.11 4.09 3.84 3.03 2.70 Haywards 0.77 2.00 3.15 2.83 3.75 3.54 2.74 2.47 Benmore 0.69 1.73 2.47 2.59 3.18 3.20 2.34 2.21

M-co Electricity Price Index (c/kWh) New Zealand 3.01 2.38 2.37 2.36 2.58 2.74 2.85 3.06 The M-co Electricity Price Index is a demand weighted seven-day rolling average that smoothes out price volatility distortions. The wholesale electricity price differs from the retail electricity price, which is the price domestic consumers see on their electricity bill. The wholesale price is only one of the factors that influence retail prices.

ENDS

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