Sign up for weekly Market Wrap emails

Australian Electricity Market Wrap

Mon 2 Jun 2025 - Fri 6 Jun 2025

Calendar Year Price as at Fri 6 Jun 2025

NSW VIC QLD SA
2026 116.04 74.63 98.75 88.06
2027 112.33 73.68 93.63 89.00
2028 111.25 74.00 87.75 94.67

Base Quarters

Contract Week Close Net Change Traded Volume Open Interest
NSW Base Q2 2025 $121.75 -$5.25 225 2144
VIC Base Q2 2025 $85.38 -$0.12 196 1713
QLD Base Q2 2025 $97.75 -$3.75 200 2785
SA Base Q2 2025 $96.00 - - 119
NSW Base Q3 2025 $114.75 -$0.74 179 1654
VIC Base Q3 2025 $88.80 -$0.70 93 1451
QLD Base Q3 2025 $92.60 -$1.40 257 2607
SA Base Q3 2025 $102.50 -$2.50 1 65

Cap Quarters

Contract Week Close Net Change Traded Volume Open Interest
NSW Caps Q2 2025 $20.05 -$6.45 252 836
VIC Caps Q2 2025 $3.48 $0.23 134 818
QLD Caps Q2 2025 $7.55 -$3.20 152 664
SA Caps Q2 2025 $5.75 -$0.75 - 162
NSW Caps Q3 2025 $20.00 -$1.00 69 625
VIC Caps Q3 2025 $9.35 -$0.23 20 713
QLD Caps Q3 2025 $9.50 -$2.00 48 618
SA Caps Q3 2025 $19.00 -$3.00 21 173

Options Volatility

Contract Call Put
Volatility Open Interest ATM($) Volatility Open Interest
NSW Q2 2025 47.70% 0 $122.00 30.00% 0
VIC Q2 2025 27.74% 0 $85.00 39.49% 265
QLD Q2 2025 30.00% 0 $98.00 30.00% 0
SA Q2 2025 30.00% 0 $96.00 30.00% 0
NSW FY 2026 0.00% $0.00 0.00%
VIC FY 2026 0.00% $0.00 0.00%
QLD FY 2026 0.00% $0.00 0.00%
SA FY 2026 0.00% $0.00 0.00%
NSW CY 2026 13.00% 0 $116.00 13.00% 0
VIC CY 2026 26.00% 160 $75.00 23.85% 65
QLD CY 2026 13.52% 0 $99.00 13.59% 0
SA CY 2026 30.00% 0 $88.00 30.00% 0

Futures and Caps Open Interest as at COB Fri 6 Jun 2025

  NSW VIC QLD SA
  Peak Base Caps Peak Base Caps Peak Base Caps Peak Base Caps
Jun 2025 - 98 - - 15 - - 50 - - 0 -
Jul 2025 - 30 - - 0 - - 27 - - 0 -
Aug 2025 - 0 - - 20 - - 0 - - 0 -
Sep 2025 - 12 - - 0 - - 2 - - 0 -
Q22025 6 2,144 836 4 1,713 818 0 2,785 664 0 119 162
Q32025 9 1,654 625 4 1,451 713 0 2,607 618 0 65 173
Q42025 6 1,449 745 0 1,574 803 0 2,244 613 0 56 114
Q12026 2 1,226 871 0 1,351 723 0 1,791 594 0 68 114
Q22026 2 1,265 672 0 1,264 532 0 1,699 517 0 57 89
Q32026 2 927 405 0 650 403 0 1,277 379 0 42 68
Q42026 2 941 373 0 739 390 0 1,230 363 0 57 59
Q12027 0 666 195 0 574 114 0 968 338 0 57 68
Q22027 0 644 194 0 467 93 0 885 316 0 31 43
Q32027 0 261 144 0 304 110 0 622 298 0 25 31
Q42027 0 258 144 0 352 108 0 685 295 0 26 34
Q12028 0 107 110 0 48 86 0 415 194 0 6 29
Q22028 0 64 110 0 32 86 0 397 189 0 4 29
Q32028 0 11 95 0 17 44 0 289 159 0 3 29
Q42028 0 11 95 0 53 44 0 295 159 0 3 29
Q12029 0 2 0 0 0 0 0 9 0 0 0 0
Q22029 0 3 0 0 0 0 0 9 0 0 0 0
Total 29 11,773 5,614 8 10,624 5,067 0 18,286 5,696 0 619 1,071

Options Open Interest As at COB Fri 6 Jun 2025

  NSW VIC QLD SA
Jun 2025 4,756 3,544 2,438 75
Sep 2025 2,861 2,180 2,672 6
Dec 2025 970 375 705 0
Mar 2026 325 250 175 0
Jun 2026 0 0 0 0
Sep 2026 0 0 0 0
Cal 2026 2,680 2,624 4,418 0
Fin 2027 1,095 1,160 3,014 0
Cal 2027 185 740 1,434 0
Fin 2028 100 100 750 0
Cal 2028 0 0 400 0
Fin 2029 0 0 0 0
Total 12,972 10,973 16,006 81

Historical Trade Volumes

YearTotal VolumeAverage Daily Volume
FY 2024-2025377,3741,585.61
FY 2023-2024519,9172,063.16
FY 2022-2023483,9611,912.89
May 202564,5232,932.86
Apr 202525,4421,339.05
Mar 202531,0291,477.57
Feb 202541,5122,075.60
Jan 202526,0561,240.76
Dec 202422,3251,116.25
Nov 202443,4092,067.10
Oct 202425,4151,105.00
Sep 202422,6701,079.52
Aug 202430,1801,371.82
Jul 202431,9441,388.87
Jun 202428,0931,478.58
May 202480,7083,509.04
Apr 202431,0351,551.75
Mar 202429,7181,485.90
Feb 202448,0122,286.29
Jan 202442,1462,006.95
Dec 202332,5491,713.11
Nov 202382,9883,772.18
Oct 202345,2112,055.05
Sep 202322,8371,087.48
Aug 202338,0681,655.13
Jul 202338,5521,835.81

Disclaimer - Terms of Use - Privacy Statement