ELECTRICITY TRADING SUMMARY FOR THE WEEK ENDING MONDAY 28/05/2018

Weekly Highlights*

The market was slightly lower over the week in Calendar 2019. NSW dropped $0.51 to $70.21, VIC dropped $0.67 to $76.03, QLD lost $1.39 to $63.58 and SA increased by $0.20 to $87.98.

The spot quarter was mostly up last week. NSW gained $2.00 to $76, VIC fell $0.50 to $78.00, QLD increased by $0.50 to $64.50 but SA remained unchanged at $94.37.

Looking forward to Q3 2018, prices were mainly up. NSW increased $0.65 to $76.00, VIC dropped $0.20 to $78.10, QLD increased $0.35 to $67.75 and SA increased $0.25 to $87.00.

This weeks distribution of volume by region: NSW 17%, QLD 30%, VIC 52% and SA 1%.

Overall Open Interest has increased by 330 lots to 49,101 lots.

Weekly Volume*^

  • Face Value of electricity traded this week = $430 million
  • Futures contracts traded this week (including Cap futures) = 2,146
    • Base Months = 0
    • Base Quarters = 1,670
    • Peak Quarters = 0
    • Base Cap Quarters = 471
  • Quarterly Average Rate Options traded this week = 715
  • Calendar Year Options traded this week = 0 (0 quarterly equivalent contracts)
  • Financial Year Options traded this week = 50 (150 quarterly equivalent contracts)
  • Volume of EFP this week = 100
  • Volume of Block Trades this week = 775
  • Total MWh traded this week = 6.7m MWh
  • Open Interest (including caps and options) = 49,101 contracts (representing 129.4 million MWh and a face value of $8.065 billion approx.)

Monthly Volume*^

  • FY 17/18 average daily volume = 567
  • 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 = 14,303 / avg daily volume = 715
  • 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

Subscribe to the Market Wrap by email

Get the Market Wrap delivered to your inbox every Tuesday


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 28 May 2018

  NSW VIC QLD SA
  Peak Base Peak Base Peak Base Peak Base
Jun 2018 - 7 - 0 - 0 - 40
Jul 2018 - 5 - 0 - 0 - 0
Aug 2018 - 0 - 0 - 0 - 0
Sep 2018 - 0 - 20 - 0 - 0
Q22018 177 1,551 186 2,033 174 2,165 0 299
Q32018 156 1,899 165 1,990 90 1,631 2 259
Q42018 134 1,527 169 2,180 120 1,757 0 282
Q12019 61 1,422 43 1,758 107 1,661 2 369
Q22019 43 1,466 39 1,698 85 1,148 0 112
Q32019 15 1,059 37 1,169 25 883 0 86
Q42019 11 995 35 987 25 738 0 93
Q12020 17 550 0 318 0 726 0 33
Q22020 17 534 0 225 0 454 0 33
Q32020 4 106 0 97 0 122 0 33
Q42020 4 107 0 91 0 122 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 639 11,228 674 12,666 626 11,487 4 1,722

Options Open Interest As at COB Mon 28 May 2018

  NSW VIC QLD SA
Jun 2018 655 843 371 12
Sep 2018 540 430 500 0
Dec 2018 525 602 655 0
Mar 2019 160 335 300 0
Jun 2019 0 100 100 0
Sep 2019 0 50 0 0
Dec 2019 0 150 0 0
Mar 2020 0 0 0 0
Cal 2019 704 755 931 65
Fin 2020 120 225 595 0
Cal 2020 30 0 110 0
Fin 2021 0 0 150 0
Cal 2021 0 0 0 0
Fin 2022 0 0 0 0
Total 2,734 3,490 3,712 77