New Zealand Electricity Market Wrap

October 2019

  • Over the month of October, ASX Otahuhu calendar year 2020 swap price moved down $8.42 to finish the month at $125.52. This is a price separation of -$27.81 from the next calendar year 2021.
  • Over the month of October, ASX Benmore calendar year 2020 swap price moved down $9.97 to finish the month at $104.26. This is a price separation of -$16.52 from the next calendar year 2021.
  • Total traded volume equaled 13,451 lots which is equivalent to 1.8596 million MWh.
  • The daily average traded volume was 611.41 lots and total trade volume is down 12.13% from 2018.
  • Total Open interest is 37,648 lots, up 0.38% from 2018
    • Futures OI = 31,148 (up 8.47%)
    • Options OI = 6,500 (down 26.05%)

Contract Month Open High Low Month Close Volume Open Interest
October Otahuhu 146.50 148.30 128.00 128.00 112 812
October Benmore 133.40 141.00 119.30 119.70 320 1240
November Otahuhu 153.55 156.00 110.55 110.55 345 615
November Benmore 140.55 145.35 94.30 94.30 592 762
Q4 2019 Otahuhu 140.50 141.95 113.00 113.00 465 2411
Q4 2019 Benmore 129.00 133.50 101.00 101.00 370 1295