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Australian Electricity Market Wrap

Mon 14 Oct 2024 - Fri 18 Oct 2024

Calendar Year Price as at Fri 18 Oct 2024

NSW VIC QLD SA
2025 115.68 69.97 103.05 101.06
2026 118.00 68.78 99.34 101.33
2027 117.93 66.40 93.20 101.04
2028 119.40 75.72 92.19 96.83

Base Quarters

Contract Week Close Net Change Traded Volume Open Interest
NSW Base Q4 2024 $100.00 $2.75 170 1759
VIC Base Q4 2024 $32.00 -$0.25 35 1662
QLD Base Q4 2024 $96.10 $2.13 103 4376
SA Base Q4 2024 $58.75 - 2 136
NSW Base Q1 2025 $113.73 $2.48 81 1541
VIC Base Q1 2025 $62.35 $0.05 172 1608
QLD Base Q1 2025 $128.75 $2.75 70 2304
SA Base Q1 2025 $105.00 -$6.98 2 100

Cap Quarters

Contract Week Close Net Change Traded Volume Open Interest
NSW Caps Q4 2024 $28.00 -$0.25 54 887
VIC Caps Q4 2024 $4.65 -$1.20 34 773
QLD Caps Q4 2024 $22.00 $3.32 19 778
SA Caps Q4 2024 $22.00 - - 210
NSW Caps Q1 2025 $39.00 $1.50 52 751
VIC Caps Q1 2025 $26.00 -$0.30 74 778
QLD Caps Q1 2025 $44.67 $0.42 69 723
SA Caps Q1 2025 $49.00 -$2.00 9 181

Options Volatility

Contract Call Put
Volatility Open Interest ATM($) Volatility Open Interest
NSW Q4 2024 62.12% 90 $100.00 67.51% 112
VIC Q4 2024 27.74% 0 $32.00 30.00% 0
QLD Q4 2024 30.00% 0 $96.00 30.00% 0
SA Q4 2024 30.00% 0 $59.00 30.00% 0
NSW FY 2026 13.00% 0 $118.00 13.00% 0
VIC FY 2026 34.60% 85 $70.00 32.48% 325
QLD FY 2026 13.52% 0 $101.00 13.59% 0
SA FY 2026 30.00% 0 $101.00 30.00% 0
NSW CY 2026 0.00% $0.00 0.00%
VIC CY 2026 0.00% $0.00 0.00%
QLD CY 2026 0.00% $0.00 0.00%
SA CY 2026 0.00% $0.00 0.00%

Futures and Caps Open Interest as at COB Fri 18 Oct 2024

  NSW VIC QLD SA
  Peak Base Caps Peak Base Caps Peak Base Caps Peak Base Caps
Oct 2024 - 0 - - 0 - - 0 - - 0 -
Nov 2024 - 0 - - 0 - - 0 - - 0 -
Dec 2024 - 0 - - 0 - - 0 - - 0 -
Jan 2025 - 0 - - 0 - - 0 - - 0 -
Feb 2025 - 0 - - 0 - - 0 - - 0 -
Mar 2025 - 0 - - 0 - - 0 - - 0 -
Q42024 6 1,759 887 1 1,662 773 0 4,376 778 0 136 210
Q12025 6 1,541 751 0 1,608 778 0 2,304 723 0 100 181
Q22025 6 1,430 503 2 1,530 618 0 1,972 538 0 57 90
Q32025 6 1,119 397 1 1,134 543 0 1,738 456 0 33 76
Q42025 6 1,051 418 0 1,124 480 0 1,582 441 0 26 72
Q12026 2 1,023 471 0 905 315 0 1,033 392 0 17 75
Q22026 2 993 444 0 886 333 0 1,035 363 0 13 67
Q32026 2 663 355 0 497 280 0 691 219 0 12 55
Q42026 2 661 326 0 512 260 0 712 216 0 20 55
Q12027 0 229 69 0 363 9 0 531 108 0 15 30
Q22027 0 200 69 0 323 3 0 480 101 0 5 20
Q32027 0 67 35 0 185 8 0 223 101 0 0 10
Q42027 0 54 35 0 186 0 0 225 101 0 0 10
Q12028 0 2 0 0 2 0 0 38 24 0 0 0
Q22028 0 2 0 0 2 0 0 38 24 0 0 0
Q32028 0 0 0 0 2 0 0 0 0 0 0 0
Q42028 0 0 0 0 2 0 0 0 0 0 0 0
Total 38 10,794 4,760 4 10,923 4,400 0 16,978 4,585 0 434 951

Options Open Interest As at COB Fri 18 Oct 2024

  NSW VIC QLD SA
Dec 2024 2,339 1,464 1,883 4
Mar 2025 2,042 1,605 1,521 2
Jun 2025 900 1,175 175 0
Sep 2025 50 930 0 0
Dec 2025 0 150 0 0
Mar 2026 0 0 0 0
Cal 2025 2,439 1,995 4,242 0
Fin 2026 2,008 2,843 3,012 0
Cal 2026 2,015 2,190 2,924 0
Fin 2027 175 610 1,284 0
Cal 2027 135 590 782 0
Fin 2028 0 0 225 0
Total 12,103 13,552 16,048 6

Historical Trade Volumes

YearTotal VolumeAverage Daily Volume
FY 2023-2024519,9172,063.16
FY 2022-2023483,9611,912.89
FY 2021-2022559,8702,204.21
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
Jun 202332,9451,568.81
May 202378,5383,414.70
Apr 202327,1151,595.00
Mar 202337,1031,613.17
Feb 202334,6721,733.60
Jan 202342,2692,113.45
Dec 202230,3061,515.30
Nov 202272,7983,309.00

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