ELECTRICITY TRADING SUMMARY FOR THE WEEK ENDING MONDAY 14/05/2018

Weekly Highlights*

The market has increased last week with the eastern seaboard regions moving up a few cents. NSW rose $0.23 to $70.94, VIC gained $0.15 to $76.57, QLD put on $0.41 to $65. However, SA was the only region to lose $0.38 to $87.27.

The spot quarter was a bit mixed this week. NSW rose $0.65 to $73.90, VIC increased by $1.40 to $75.90, QLD dropped $0.20 to $63 and SA fell $0.13 to $94.37.

Looking forward to Q3 2018, prices were mainly down. NSW fell $0.10 to $75.35, VIC dropped $0.70 to $78.30, QLD lost $0.40 to $67.40 and SA dropped $0.25 to $86.75.

This weeks distribution of volume by region: NSW 19%, QLD 29%, VIC 41% and SA 11%.

Open Interest has risen 720 futures and 6 options contracts to end the week at 487592 contracts.

Weekly Volume*^

  • Face Value of electricity traded this week = $266.97
  • Futures contracts traded this week (including Cap futures) = 2,055
    • Base Months = 80
    • Base Quarters = 1,381
    • Peak Quarters = 2
    • Base Cap Quarters = 592
  • Quarterly Average Rate Options traded this week = 0
  • Calendar Year Options traded this week = 31 (124 quarterly equivalent contracts)
  • Financial Year Options traded this week = 10 (40 quarterly equivalent contracts)
  • Volume of EFP this week = 0
  • Volume of Block Trades this week = 345
  • Total MWh traded this week = 4.74MWh
  • Open Interest (including caps and options) = 48,592 contracts (representing 142 million MWh and a face value of $9.14 billion approx.)

Monthly Volume*^

  • FY 17/18 average daily volume = 543
  • FY 16/17 average daily volume = 710
  • FY 15/16 average daily volume = 705
  • FY 14/15 average daily volume = 812
  • FY 13/14 average daily volume = 702
  • FY 12/13 average daily volume = 637
  • May 18 volume to date = 3,985 / avg daily volume = 362
  • Apr 18 total volume = 11,632 / avg daily volume = 612
  • Mar 18 total volume = 13,112 / avg daily volume = 642
  • Feb 18 total volume = 11,181 / avg daily volume = 559
  • Jan 18 total volume = 12,593 / avg daily volume = 572
  • Dec 17 total volume = 6,475 / avg daily volume = 340
  • Nov 17 total volume = 12,700 / avg daily volume = 577
  • Oct 17 total volume = 11,237 / avg daily volume = 510
  • Sep 17 total volume = 14,994 / avg daily volume = 714
  • Aug 17 total volume = 10,276 / avg daily volume = 446
  • Jul 17 total volume = 11,996 / avg daily volume = 571
  • Jun 17 total volume = 11,817 / avg daily volume = 537
  • May 17 total volume = 16,637 / avg daily volume = 723
  • Apr 17 total volume = 11,547 / avg daily volume = 642
  • Mar 17 total volume = 13,800 / avg daily volume = 600
  • Feb 17 total volume = 25,211 / avg daily volume = 1,261
  • Jan 17 total volume = 15,608 / avg daily volume = 743
  • Dec 16 total volume = 12,300 / avg daily volume = 615
  • Nov 16 total volume = 24,280 / avg daily volume = 1,104
  • Oct 16 total volume = 13,128 / avg daily volume = 625
  • Sep 16 total volume = 15,358 / avg daily volume = 698
  • Aug 16 total volume = 13,309 / avg daily volume = 579
  • Jul 16 total volume = 8,643 / avg daily volume = 412
  • Jun 16 total volume = 17,453 / avg daily volume = 793
  • May 16 total volume = 16,758 / avg daily volume = 762
  • Apr 16 total volume = 11,788 / avg daily volume = 575
*all contracts are 1 MW calendar quarter equivalent

^volume includes futures trades which result from option exercise, face value of options calculated at strike price

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Chart Futures, Caps and Options VolumeChart Futures, Caps and Options Volume

Futures and Caps Open Interest - Peak=Futures, Base=Futures+Caps - as at COB Mon 14 May 2018

  NSW VIC QLD SA
  Peak Base Peak Base Peak Base Peak Base
Aug 2018 - 0 - 0 - 0 - 0
Sep 2018 - 0 - 20 - 0 - 0
Q32018 156 1,787 165 1,899 90 1,606 2 257
Q42018 134 1,402 169 2,105 120 1,653 0 277
Q12019 61 1,323 42 1,534 103 1,618 2 339
Q22019 43 1,375 39 1,466 85 1,123 0 113
Q32019 15 1,060 37 1,033 25 879 0 86
Q42019 11 958 35 965 25 744 0 92
Q12020 17 505 0 290 0 643 0 33
Q22020 17 486 0 226 0 449 0 33
Q32020 4 82 0 91 0 62 0 33
Q42020 4 82 0 89 0 58 0 33
Q12021 0 0 0 50 0 10 0 25
Q22021 0 0 0 50 0 15 0 25
Q32021 0 0 0 0 0 0 0 0
Q42021 0 0 0 0 0 0 0 0
Q12022 0 0 0 0 0 0 0 0
Q22022 0 0 0 0 0 0 0 0
Total 462 9,060 487 9,818 448 8,860 4 1,346

Options Open Interest As at COB Mon 14 May 2018

  NSW VIC QLD SA
Sep 2018 540 395 500 0
Dec 2018 525 502 555 0
Mar 2019 160 200 300 0
Jun 2019 0 100 0 0
Sep 2019 0 0 0 0
Dec 2019 0 50 0 0
Mar 2020 0 0 0 0
Cal 2019 701 752 906 40
Fin 2020 120 150 570 0
Cal 2020 30 0 75 0
Fin 2021 0 0 0 0
Cal 2021 0 0 0 0
Total 2,076 2,149 2,906 40