New Zealand Electricity Market Wrap

August 2026

  • Over the month of August, ASX Otahuhu calendar year 2027 swap price moved down $11.41 to finish the month at $111.78. This is a price separation of +$20.31 from the next calendar year 2028.
  • Over the month of August, ASX Benmore calendar year 2027 swap price moved down $10.79 to finish the month at $95.74. This is a price separation of +$19.15 from the next calendar year 2028.
  • Total traded volume equaled 80,178 lots which is equivalent to 14.0653 million MWh.
  • The daily average traded volume was 3,818.00 lots and total trade volume is up 38.46% from 2025.
  • Total Open interest is 183,408 lots, up 72.93% from 2025.
    • Futures OI = 120,996 (up 41.98%)
    • Options OI = 62,412 (up 199.55%)
Contract Month Open High Low Month Close Volume Open Interest
August Otahuhu $78.70 $120.00 $78.70 $86.00 2353 2385
August Benmore $58.25 $92.00 $58.25 $62.00 1927 1469
Otahuhu $63.75 $100.80 $39.30 $39.30 3147 2509
Benmore $53.20 $87.70 $22.10 $23.65 3033 2037
Q3 2026 Otahuhu $69.10 $95.00 $63.50 $63.50 1520 9904
Q3 2026 Benmore $52.00 $74.45 $42.60 $43.45 1305 5829