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New Zealand Electricity Market Wrap

April 2024

  • Over the month of April, ASX Otahuhu calendar year 2025 swap price moved up $15.50 to finish the month at $188.45. This is a price separation of -$22.46 from the next calendar year 2026.
  • Over the month of April, ASX Benmore calendar year 2025 swap price moved up $17.80 to finish the month at $149.57. This is a price separation of -$24.92 from the next calendar year 2026.
  • Total traded volume equaled 46,120 lots which is equivalent to 9.0432 million MWh.
  • The daily average traded volume was 2,306.00 lots and total trade volume is up 28.11% from 2023.
  • Total Open interest is 86,588 lots, up 2.94% from 2023
    • Futures OI = 84,138 (up 8.54%)
    • Options OI = 2,450 (down 62.88%)

Contract Month Open High Low Month Close Volume Open Interest
April Otahuhu 253.80 253.80 205.95 232.20 816 2364
April Benmore 243.15 243.15 186.00 209.45 1145 2293
May Otahuhu 258.80 258.80 184.15 253.55 1958 2210
May Benmore 240.95 240.95 168.05 228.40 1789 1731
Q2 2024 Otahuhu 257.80 257.80 195.75 246.80 543 4627
Q2 2024 Benmore 239.40 239.40 176.90 222.00 1018 3590