ELECTRICITY TRADING SUMMARY FOR THE WEEK ENDING MONDAY 09/07/2018

Weekly Highlights*

  • CY 19 mixed price movements over the week
    • NSW = $74.27 (down $0.32)
    • VIC = $81.25 (up $1.29)
    • QLD = $65.38 (up $0.29)
    • SA = $89.93 (up $1.01)
  • Q3 18 experience variable price shifts
    • NSW = $80 (up $0.50)
    • VIC = $79 (down $2)
    • QLD = $71.96 (up $0.42)
    • SA = $89.50 (up $0.25)
  • Q4 18 followed the same mixed trend
    • NSW = $70.25 (down $0.25)
    • VIC = $75.25 (up $2.25)
    • QLD = $67.71 (down $0.23)
    • SA = $80.00 (unchanged)

This weeks distribution of volume by region: NSW 22%, QLD 38%, VIC 34% and SA 6%.

Overall Open Interest has declined by 1,751 lots. Futures rose by 123 lots to 35,482 lots and Options dropped by 1,874 to 1,156 lots.

Weekly Volume*^

  • Face Value of electricity traded this week = $208.1 million
  • Futures contracts traded this week (including Cap futures) = 1,555
    • Base Months = 0
    • Base Quarters = 862
    • Peak Quarters = 47
    • Base Cap Quarters = 314
  • Quarterly Average Rate Options traded this week = 92
  • Calendar Year Options traded this week = 35 (140 quarterly equivalent contracts)
  • Financial Year Options traded this week = 25 (100 quarterly equivalent contracts)
  • Volume of EFP this week = 35
  • Volume of Block Trades this week = 200
  • Total MWh traded this week = 3.35m MWh
  • Open Interest (including caps and options) = 46,638 contracts (representing 127.4 million MWh and a face value of $8.02 billion approx.)

Monthly Volume*^

  • FY 18/19 average daily volume = 365
  • FY 17/18 average daily volume = 608
  • 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
  • Jul 18 volume to date = 2,190 / avg daily volume = 365
  • 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 9 Jul 2018

  NSW VIC QLD SA
  Peak Base Peak Base Peak Base Peak Base
Nov 2018 - 0 - 0 - 0 - 0
Dec 2018 - 0 - 0 - 0 - 0
Q42018 135 1,446 179 2,024 120 1,812 0 306
Q12019 66 1,298 52 1,581 134 1,677 2 379
Q22019 43 1,406 44 1,561 76 1,161 0 142
Q32019 15 1,233 37 1,233 45 1,014 0 106
Q42019 11 1,090 35 1,007 45 883 0 113
Q12020 17 709 1 661 20 1,005 0 33
Q22020 17 714 0 481 20 616 0 33
Q32020 4 330 0 295 0 231 0 33
Q42020 4 321 0 279 0 223 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 312 8,568 348 9,227 460 8,784 2 1,228

Options Open Interest As at COB Mon 9 Jul 2018

  NSW VIC QLD SA
Dec 2018 525 717 830 0
Mar 2019 210 560 500 40
Jun 2019 100 200 250 0
Sep 2019 100 230 100 0
Dec 2019 150 420 100 0
Mar 2020 0 150 50 0
Jun 2020 0 0 0 0
Cal 2019 754 875 941 65
Fin 2020 120 275 655 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 1,989 3,522 3,786 105