ELECTRICITY TRADING SUMMARY FOR THE WEEK ENDING MONDAY 04/06/2018

Weekly Highlights*

The market has continued to decline over the week in Calendar 2019. NSW dropped $1.99 to $68.22, VIC fell $1.71 to $74.32, QLD lost $1.05 to $62.58 and SA dropped by $0.98 to $87.00.

However, the spot quarter went the other way, rising last week. NSW gained $0.30 to $76.30, VIC rose $1 to $79.00, QLD increased by $1 to $65.50 but SA remained unchanged at $94.37.

Looking forward to Q3 2018, prices moved downwards. NSW dropped $1.50 to $74.50, VIC lost $1.50 to $76.60, QLD fell $0.25 to $67.50 and SA declined $1 to $86.00.

This weeks distribution of volume by region: NSW 41%, QLD 15%, VIC 44% and SA 0%.

270 QLD and 125 VIC Average rate options traded this week.

Trading concentrated in the Base load quarter futures with 4,757 lots trading, this is equivalent to 95% of total futures volume.

Overall Open Interest has increased by declined by 363 lots to 48,738 lots. Futures OI fell by 773 lots but Options OI rose by 410 lots.

Weekly Volume*^

  • Face Value of electricity traded this week = $805.3 million
  • Futures contracts traded this week (including Cap futures) = 5,018
    • Base Months = 0
    • Base Quarters = 4,757
    • Peak Quarters = 2
    • Base Cap Quarters = 259
  • Quarterly Average Rate Options traded this week = 395
  • Calendar Year Options traded this week = 30 (120 quarterly equivalent contracts)
  • Financial Year Options traded this week = 0 (0 quarterly equivalent contracts)
  • Volume of EFP this week = 2,400
  • Volume of Block Trades this week = 555
  • Total MWh traded this week = 12.1m MWh
  • Open Interest (including caps and options) = 48,738 contracts (representing 128.66 million MWh and a face value of $7.89 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
  • Jun 18 volume to date = 3,544 / avg daily volume = 1,772
  • May 18 total volume = 16,292 / avg daily volume = 708
  • 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 4 Jun 2018

  NSW VIC QLD SA
  Peak Base Peak Base Peak Base Peak Base
Q42018 135 1,420 169 1,989 120 1,810 0 287
Q12019 61 1,278 44 1,538 107 1,638 2 369
Q22019 43 1,347 39 1,503 85 1,143 0 112
Q32019 15 1,100 37 1,044 25 889 0 86
Q42019 11 1,008 35 779 25 763 0 93
Q12020 17 599 0 398 0 813 0 33
Q22020 17 594 0 300 0 480 0 33
Q32020 4 219 0 163 0 147 0 33
Q42020 4 220 0 159 0 146 0 33
Q12021 0 1 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 307 7,786 324 7,973 362 7,909 2 1,129

Options Open Interest As at COB Mon 4 Jun 2018

  NSW VIC QLD SA
Dec 2018 525 627 825 0
Mar 2019 160 335 300 0
Jun 2019 0 200 200 0
Sep 2019 0 50 0 0
Dec 2019 0 150 0 0
Mar 2020 0 0 0 0
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 835 1,587 2,180 0