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New Zealand Electricity Market Wrap

November 2021

  • Over the month of November, ASX Otahuhu calendar year 2022 swap price moved up $4.44 to finish the month at $150.87. This is a price separation of -$13.13 from the next calendar year 2023.
  • Over the month of November, ASX Benmore calendar year 2022 swap price moved up $5.21 to finish the month at $126.01. This is a price separation of -$13.47 from the next calendar year 2023.
  • Total traded volume equaled 45,335 lots which is equivalent to 4.2983 million MWh.
  • The daily average traded volume was 2,060.68 lots and total trade volume is up 26.47% from 2020.
  • Total Open interest is 63,775 lots, down 19.55% from 2020
    • Futures OI = 61,675 (down 8.05%)
    • Options OI = 2,100 (down 82.79%)

Contract Month Open High Low Month Close Volume Open Interest
November Otahuhu 83.50 106.75 80.00 91.95 1400 1029
November Benmore 63.80 88.00 60.45 75.25 1560 1002
December Otahuhu 88.95 104.15 87.50 96.95 1478 1096
December Benmore 65.80 85.15 62.00 78.35 1600 1028
Q4 2021 Otahuhu 82.50 95.00 81.70 87.75 2237 4000
Q4 2021 Benmore 61.40 76.20 59.00 69.75 2240 3253