Scoop has an Ethical Paywall
Low inflows influence electricity price in April
Low inflows influence electricity price rises in April
Total inflows for April were 70% of the average for the month. As a result, national storage levels decreased steadily from 3,851 GWh on 1 April to 3,331 GWh on 30 April. By month's end, storage was at 112% of average for the time of year, a 14% decrease from 31 March 2004.
The lower hydro storage levels resulted in fewer northward transmission flows across the inter-island link than in the previous month. During early-morning non-peak times, inter-island transfers in April were often southwards.
The average price for April at the Haywards reference node was 4.63 c/kWh, up from 2.97 c/kWh in March. The average price at Benmore, the South Island reference node, increased from 1.04 c/kWh in March to 4.42 c/kWh in April. Prices at Otahuhu, the upper North Island reference node, increased to an average of 4.57 c/kWh for April from 3.39 c/kWh in March.
At 17.30 on 24 April, a transmission constraint restricted flows into the Tauranga area. As a result of this constraint, provisional prices in the area rose to approximately 8.00 $/kWh. The Electricity Commission has suspended publication of final prices for this period while it investigates an alleged undesirable trading situation.
The average April daily demand of 103.3GWh was 2.5% higher than the previous month's figure of 100.8GWh.
ENDS
John P. Ruehl: Defending Privacy In The Surveillance State And Fragmenting Internet
Ecobaits: Kiwi Inventor Seeks To Change The World Of Fishing And Ocean Care With Sustainable Fishing Products
Bill Bennett: 2degrees Charged Over Roaming Claim
Auckland Zoo: Emergency Mahi Underway For Endemic Skink On The Brink
University of Auckland: AI Has Multiple Uses In Surgery, Research Finds
Tourism Industry Aotearoa: TRENZ Bids Goodbye To The Capital, And Hello To Rotorua
