New Zealand Electricity Market Wrap

May 2020

  • Over the month of May, ASX Otahuhu calendar year 2021 swap price moved up $0.80 to finish the month at $91.87. This is a price separation of -$4.20 from the next calendar year 2022.
  • Over the month of May, ASX Benmore calendar year 2021 swap price moved up $3.58 to finish the month at $78.36. This is a price separation of -$6.89 from the next calendar year 2022.
  • Total traded volume equaled 33,716 lots which is equivalent to 4.7725 million MWh.
  • The daily average traded volume was 1,605.52 lots and total trade volume is up 79.12% from 2019.
  • Total Open interest is 44,225 lots, down 10.26% from 2019
    • Futures OI = 36,675 (up 13.09%)
    • Options OI = 7,550 (down 55.19%)

Contract Month Open High Low Month Close Volume Open Interest
May Otahuhu 70.30 128.80 65.90 128.80 1566 1008
May Benmore 61.95 108.80 56.00 108.80 1460 1074
June Otahuhu 83.10 110.45 76.85 108.65 2371 1282
June Benmore 71.95 95.50 62.00 95.50 1776 969
Q2 2020 Otahuhu 67.00 95.50 63.60 95.50 1444 1816
Q2 2020 Benmore 58.70 82.40 53.00 82.40 1478 1357