New Zealand Electricity Market Wrap

March 2020

  • Over the month of March, ASX Otahuhu calendar year 2021 swap price moved down $6.43 to finish the month at $94.96. This is a price separation of -$0.75 from the next calendar year 2022.
  • Over the month of March, ASX Benmore calendar year 2021 swap price moved down $15.23 to finish the month at $74.76. This is a price separation of -$7.19 from the next calendar year 2022.
  • Total traded volume equaled 39,285 lots which is equivalent to 5.6795 million MWh.
  • The daily average traded volume was 1,785.68 lots and total trade volume is up 219.42% from 2019.
  • Total Open interest is 44,361 lots, down 15.25% from 2019
    • Futures OI = 39,411 (up 25.69%)
    • Options OI = 4,950 (down 76.42%)

Contract Month Open High Low Month Close Volume Open Interest
March Otahuhu 133.10 133.10 73.00 75.95 1422 1611
March Benmore 55.30 55.30 36.20 43.00 1548 1723
April Otahuhu 117.50 118.15 57.25 63.85 1562 1287
April Benmore 85.25 89.05 52.00 54.75 1383 1180
Q1 2020 Otahuhu 102.00 102.00 81.70 82.70 818 2751
Q1 2020 Benmore 56.50 56.50 50.35 52.65 775 1947