ELECTRICITY TRADING SUMMARY FOR THE WEEK ENDING MONDAY 25/06/2018

Weekly Highlights*

The CY19 forward curve increased over the week. NSW rose $4.31 to $75.22, VIC rose $4.91 to $81.38, QLD increased by $3.43 to $65.74 and SA gained $3.39 to $87.87.

The current quarter followed a similar upward trend. NSW shifted up $0.06 to $83.06, VIC rose $2.50 to $83, QLD gained $1 to $69.50 and SA remained unchanged at $94.37.

As we approach Q3 2018, prices continued to rise. NSW increased by $5.25 to $84.25, VIC rose $7.90 to $86, QLD put on $5.85 to $75 and SA gained $2.25 to $88.50.

This weeks distribution of volume by region: NSW 20%, QLD 29%, VIC 50% and SA 1%.

Overall Open Interest has increased by 2,342 to 54,704 lots. Futures rose by 1,698 to 41,771 lots and Options increased by 647 to 12,935 lots.

Weekly Volume*^

  • Face Value of electricity traded this week = $1.052 billion
  • Futures contracts traded this week (including Cap futures) = 5,386
    • Base Months = 130
    • Base Quarters = 4398
    • Peak Quarters = 55
    • Base Cap Quarters = 803
  • Quarterly Average Rate Options traded this week = 237
  • Calendar Year Options traded this week = 284 (1136 quarterly equivalent contracts)
  • Financial Year Options traded this week = 240 (960 quarterly equivalent contracts)
  • Volume of EFP this week = 95
  • Volume of Block Trades this week = 1,260
  • Total MWh traded this week = 16.67m MWh
  • Open Interest (including caps and options) = 54,707 contracts (representing 9.23 million MWh and a face value of $144.2 billion approx.)

Monthly Volume*^

  • FY 17/18 average daily volume = 603
  • 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 total volume = 21,906 / avg daily volume = 1,043
  • 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 25 Jun 2018

  NSW VIC QLD SA
  Peak Base Peak Base Peak Base Peak Base
Jul 2018 - 120 - 0 - 0 - 31
Aug 2018 - 15 - 0 - 0 - 31
Sep 2018 - 60 - 20 - 0 - 31
Q32018 156 1,754 165 1,971 101 1,720 2 291
Q42018 135 1,452 169 2,026 120 1,806 0 296
Q12019 61 1,281 46 1,553 107 1,703 2 364
Q22019 43 1,401 39 1,561 76 1,232 0 112
Q32019 15 1,224 37 1,210 45 994 0 86
Q42019 11 1,060 35 962 45 888 0 93
Q12020 17 714 0 592 20 980 0 33
Q22020 17 704 0 470 20 611 0 33
Q32020 4 316 0 289 0 227 0 33
Q42020 4 316 0 284 0 219 0 33
Q12021 0 11 0 55 0 76 0 25
Q22021 0 10 0 50 0 76 0 25
Q32021 0 0 0 0 0 5 0 0
Q42021 0 0 0 0 0 5 0 0
Q12022 0 0 0 0 0 0 0 0
Q22022 0 0 0 0 0 0 0 0
Total 463 10,438 491 11,043 534 10,542 4 1,517

Options Open Interest As at COB Mon 25 Jun 2018

  NSW VIC QLD SA
Sep 2018 740 487 500 0
Dec 2018 525 667 830 0
Mar 2019 210 560 500 0
Jun 2019 100 200 250 0
Sep 2019 100 230 100 0
Dec 2019 150 420 100 0
Mar 2020 0 150 0 0
Cal 2019 754 870 941 65
Fin 2020 120 275 625 0
Cal 2020 30 95 110 0
Fin 2021 0 0 225 0
Cal 2021 0 0 25 0
Fin 2022 0 0 0 0
Total 2,729 3,954 4,206 65