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Electricity Prices - Hydrological Summary 14 June

Electricity Prices and Hydrological Summary for the Week Ending 14 June 2004

M-co Electricity Price Index 7 day index value for previous 3 months 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 13-Mar 23-Mar 2-Apr 12-Apr 22-Apr 2-May 12-May 22-May 1-Jun 11-Jun c/kWh Upper North Lower North South NZ Mon 7 June Tue June 8 Wed June 9 Thurs June 10 Fri June 11 Sat June 12 Sun June 13

Upper Nth Island 3.79 3.82 3.91 4.04 4.25 4.50 4.60

Lower Nth Island 3.60 3.61 3.70 3.83 4.03 4.26 4.36

South Island 3.34 3.32 3.41 3.52 3.71 3.97 4.10

New Zealand 3.60 3.61 3.70 3.82 4.03 4.28 4.39

On Sunday 13th June national storage was at 3442GWh, 126% of the average for this time of the year. National inflows for the last seven days were 82% of the average.

Please note: The index values quoted in this release are a seven-day rolling-average regional electricity price. The wholesale electricity price is weighted by demand for each of three regions and nationally to derive an index value. Half-hourly and annual average wholesale electricity prices are published on 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. For further hydrological or pricing information: visit www.comitfree.co.nz

ENDS

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