Sign up for weekly Market Wrap emails

Australian Electricity Market Wrap

Mon 25 Aug 2025 - Fri 29 Aug 2025

Calendar Year Price as at Fri 29 Aug 2025

NSW VIC QLD SA
2026 118.02 77.92 101.50 95.72
2027 115.10 74.79 96.22 94.08
2028 115.57 78.27 92.27 96.00

Base Quarters

Contract Week Close Net Change Traded Volume Open Interest
NSW Base Q3 2025 $101.25 $4.57 309 2113
VIC Base Q3 2025 $79.34 $1.69 74 1700
QLD Base Q3 2025 $77.10 $0.45 29 2895
SA Base Q3 2025 $109.50 -$1.00 2 69
NSW Base Q4 2025 $109.60 $1.75 248 1735
VIC Base Q4 2025 $55.00 $2.40 107 1519
QLD Base Q4 2025 $94.35 $1.10 66 2467
SA Base Q4 2025 $58.50 - 10 70

Cap Quarters

Contract Week Close Net Change Traded Volume Open Interest
NSW Caps Q3 2025 $8.94 $2.96 174 972
VIC Caps Q3 2025 $3.65 $0.44 46 808
QLD Caps Q3 2025 $3.50 $0.50 22 642
SA Caps Q3 2025 $27.50 -$0.50 - 194
NSW Caps Q4 2025 $26.00 $0.55 14 848
VIC Caps Q4 2025 $9.51 $0.26 30 820
QLD Caps Q4 2025 $17.40 $0.40 43 616
SA Caps Q4 2025 $17.00 -$0.25 - 96

Options Volatility

Contract Call Put
Volatility Open Interest ATM($) Volatility Open Interest
NSW Q3 2025 47.70% 0 $101.00 30.00% 0
VIC Q3 2025 27.74% 0 $79.00 30.00% 0
QLD Q3 2025 30.00% 0 $77.00 30.00% 0
SA Q3 2025 30.00% 0 $110.00 58.79% 25
NSW FY 2027 20.05% 25 $115.00 20.40% 75
VIC FY 2027 32.99% 0 $76.00 15.02% 0
QLD FY 2027 20.48% 60 $98.00 13.59% 0
SA FY 2027 30.00% 0 $95.00 30.00% 0
NSW CY 2027 0.00% $0.00 0.00%
VIC CY 2027 0.00% $0.00 0.00%
QLD CY 2027 0.00% $0.00 0.00%
SA CY 2027 0.00% $0.00 0.00%

Futures and Caps Open Interest as at COB Fri 29 Aug 2025

  NSW VIC QLD SA
  Peak Base Caps Peak Base Caps Peak Base Caps Peak Base Caps
Sep 2025 - 96 - - 6 - - 2 - - 0 -
Oct 2025 - 77 - - 0 - - 0 - - 0 -
Nov 2025 - 5 - - 0 - - 0 - - 0 -
Dec 2025 - 0 - - 0 - - 21 - - 0 -
Q32025 9 2,113 972 4 1,700 808 0 2,895 642 0 69 194
Q42025 6 1,735 848 0 1,519 820 0 2,467 616 0 70 96
Q12026 2 1,430 934 0 1,380 1,056 0 1,997 704 0 125 123
Q22026 2 1,623 863 0 1,379 758 0 1,732 552 0 72 95
Q32026 2 1,129 470 0 908 540 0 1,526 448 0 111 76
Q42026 2 1,211 366 0 982 424 0 1,442 423 0 122 60
Q12027 0 867 221 0 707 145 0 1,161 444 0 127 68
Q22027 0 938 219 0 599 151 0 1,154 381 0 96 43
Q32027 0 478 158 0 507 89 0 735 335 0 69 31
Q42027 0 477 158 0 452 89 0 765 332 0 69 34
Q12028 0 338 125 0 155 101 0 483 242 0 67 29
Q22028 0 322 125 0 128 101 0 440 242 0 64 29
Q32028 0 162 105 0 59 64 0 315 205 0 40 29
Q42028 0 174 105 0 94 59 0 320 203 0 40 29
Q12029 0 44 7 0 4 0 0 34 1 0 0 0
Q22029 0 49 0 0 4 0 0 37 0 0 0 0
Total 23 13,268 5,676 4 10,583 5,205 0 17,526 5,770 0 1,141 936

Options Open Interest As at COB Fri 29 Aug 2025

  NSW VIC QLD SA
Sep 2025 5,295 3,030 3,195 31
Dec 2025 2,838 980 1,337 4
Mar 2026 800 1,220 1,200 20
Jun 2026 225 0 0 0
Sep 2026 0 250 0 0
Dec 2026 0 0 0 0
Cal 2026 2,794 2,785 4,554 0
Fin 2027 1,643 2,325 3,491 0
Cal 2027 381 965 1,585 0
Fin 2028 100 200 850 0
Cal 2028 0 300 500 0
Fin 2029 0 0 100 0
Total 14,076 12,055 16,812 55

Historical Trade Volumes

YearTotal VolumeAverage Daily Volume
FY 2024-2025422,3831,662.93
FY 2023-2024519,9172,063.16
FY 2022-2023483,9611,912.89
Jul 202536,2341,575.39
Jun 202557,8782,756.10
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

Disclaimer - Terms of Use - Privacy Statement