wholesale business energy storage price list in New Zealand

How many wholesale companies are there in New Zealand?

There are about 80 generation companies, 62 retailers and 6 gentailers (generator-retailers) in New Zealand's wholesale market. The remaining wholesale market participants comprise distribution and network companies and traders in secondary markets, such as financial hedges.

What is the wholesale market in New Zealand?

The wholesale market is where generators sell electricity and retailers buy electricity. Retailers then on‑sell that electricity to businesses and households across New Zealand. There are about 80 generation companies, 62 retailers and 6 gentailers (generator-retailers) in New Zealand's wholesale market.

How do wholesale prices change in New Zealand?

In New Zealand, wholesale market prices vary a lot depending on the balance between which power stations are available to generate, and how much electricity customers need at any one point in time. Customer demand can change a lot at different times of the day or year.

How does the wholesale electricity market work?

The price and volume of electricity we generate is determined by competitive bids and offers in the wholesale electricity market. The market is operated in real time by the System Operator (Transpower) and closely regulated and monitored by the Electricity Authority (EA). They ensure all market participants act fairly to competitors and customers.

How has the wholesale price of electricity changed over the past decade?

Over the past decade, the wholesale price of electricity has been extremely volatile, driven primarily by demand and supply shifts. Fluctuations in hydro-power reserves, due to their large proportion of power generation, have also affected prices over the period.

Are electricity distribution losses included in the wholesale market price?

(Electricity distribution losses* are not included in the wholesale market price). Spot prices are influenced by various factors, including supply and demand dynamics, weather conditions, generation capacity, and transmission constraints.

Electricity wholesale price

The prices shown are an average across all market regions in New Zealand (Aotearoa) and are sourced from the Electricity Authority (Te Mana Hiko). The historical data

Real average prices of commercial and industrial

Prices are presented in units typical for each fuel (such as cents/litre for petrol and diesel or cents/kWh for electricity) and are displayed on a calendar year basis in both real (adjusted for inflation) and nominal terms for all available years.

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The electricity market

How much energy we generate and at what price is determined by bids and offers in the wholesale electricity market. Find out more about how this market works.

What is behind low wholesale electricity prices

In , New Zealand experienced cold weather in July and early August, with the resulting higher electricity demand pushing up electricity wholesale prices - during a time of low fuel availability. But surprisingly warm

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Electricity cost and price monitoring This page has 2 types of data: household sales-based electricity cost data, and publicly advertised retail electricity tariff data.

Wholesale market

The wholesale market is where generators sell electricity and retailers buy electricity. Retailers then on‑sell that electricity to businesses and households across New Zealand. There are about 80 generation companies, 62 retailers

What was behind high wholesale electricity prices

Wind generation was low in early August, despite new wind farms When wholesale prices were highest in early August , wind generation was often generating below 300MW, despite national wind capacity of over