In South Island is now $0.03/MWh, compared to the $300,000/MWh that it got to last week. Although this is the result of a rather unique situation with demand crashing due to a lockdown, it illustrates why the generators don't like having excess capacity available.
South island is almost exclusively hydro. This is probably a result of there being enough generation that has to generate no matter what, and a lack of capacity to send power north due to the HVDC partial failure.
Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly
to your computer or smartphone by using a feed reader.
Trusted
DR
