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New Zealand Electricity Market Wrap

December 2020

  • Over the month of December, ASX Otahuhu calendar year 2021 swap price moved up $10.25 to finish the month at $136.84. This is a price separation of -$30.26 from the next calendar year 2022.
  • Over the month of December, ASX Benmore calendar year 2021 swap price moved up $8.49 to finish the month at $119.11. This is a price separation of -$32.08 from the next calendar year 2022.
  • Total traded volume equaled 24,989 lots which is equivalent to 2.8263 million MWh.
  • The daily average traded volume was 1,249.45 lots and total trade volume is up 251.17% from 2019.
  • Total Open interest is 83,886 lots, up 109.85% from 2019
    • Futures OI = 71,086 (up 120.94%)
    • Options OI = 12,800 (up 64.10%)

Contract Month Open High Low Month Close Volume Open Interest
December Otahuhu 93.90 125.25 93.90 124.95 636 2189
December Benmore 82.95 112.10 81.35 112.10 741 1917
January Otahuhu 109.10 125.85 106.00 125.25 572 1200
January Benmore 95.25 112.30 93.45 110.70 1043 1321
Q4 2020 Otahuhu 109.10 119.50 109.10 119.40 242 3521
Q4 2020 Benmore 96.25 105.30 95.75 105.30 417 3076