ELECTRICITY TRADING SUMMARY FOR THE WEEK ENDING MONDAY 21/05/2018

Weekly Highlights*

The market was slightly varied over the week in Calendar 2019. NSW dropped $0.22 to $70.72, VIC rose $0.13 to $76.70, QLD lost $0.03 to $64.97 and SA increased by $0.51 to $87.78.

The spot quarter was mostly up last week. NSW gained $0.10 to $74, VIC rose $2.60 to $78.50, QLD increased by $1 to $64 but SA remained unchanged at $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 51%, VIC 28% and SA 2%.

Overall Open Interest has increased by 749 lots to 49,431 lots. Futures is up 1,487 but options is down 738 with the expiry of FY19 options this week.

Weekly Volume*^

  • Face Value of electricity traded this week = $1.05 million
  • Futures contracts traded this week (including Cap futures) = 5,949
    • Base Months = 5
    • Base Quarters = 4,690
    • Peak Quarters = 26
    • Base Cap Quarters = 792
  • Quarterly Average Rate Options traded this week = 0
  • Calendar Year Options traded this week = 151 (604 quarterly equivalent contracts)
  • Financial Year Options traded this week = 285 (1,140 quarterly equivalent contracts)
  • Volume of EFP this week = 100
  • Volume of Block Trades this week = 660
  • Total MWh traded this week = 15.85m MWh
  • Open Interest (including caps and options) = 49,341 contracts (representing 139 million MWh and a face value of $8.85 billion approx.)

Monthly Volume*^

  • FY 17/18 average daily volume = 566
  • 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 = 7,257 / avg daily volume = 1,451
  • 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 21 May 2018

  NSW VIC QLD SA
  Peak Base Peak Base Peak Base Peak Base
Q42018 134 1,483 169 2,219 120 1,692 0 277
Q12019 61 1,402 43 1,736 107 1,643 2 354
Q22019 43 1,435 39 1,634 85 1,159 0 112
Q32019 15 1,062 37 1,112 25 883 0 86
Q42019 11 990 35 987 25 743 0 93
Q12020 17 541 0 286 0 713 0 33
Q22020 17 527 0 226 0 452 0 33
Q32020 4 97 0 91 0 100 0 33
Q42020 4 97 0 90 0 100 0 33
Q12021 0 0 0 50 0 35 0 25
Q22021 0 0 0 50 0 45 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 306 7,634 323 8,481 362 7,565 2 1,104

Options Open Interest As at COB Mon 21 May 2018

  NSW VIC QLD SA
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
Fin 2020 120 200 570 0
Cal 2020 30 0 110 0
Fin 2021 0 0 150 0
Cal 2021 0 0 0 0
Total 835 1,052 1,685 0