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New Zealand Electricity Market Wrap
November 2024
- Over the month of November, ASX Otahuhu calendar year 2025 swap price moved down $14.77 to finish the month at $167.69. This is a price separation of +$13.82 from the next calendar year 2026.
- Over the month of November, ASX Benmore calendar year 2025 swap price moved down $19.89 to finish the month at $135.56. This is a price separation of +$10.17 from the next calendar year 2026.
- Total traded volume equaled 43,824 lots which is equivalent to 7.1247 million MWh.
- The daily average traded volume was 2,086.86 lots and total trade volume is down 10.82% from 2023.
- Total Open interest is 103,680 lots, up 11.96% from 2023
- Futures OI = 96,280 (up 14.54%)
- Options OI = 7,400 (down 13.45%)
Contract | Month Open | High | Low | Month Close | Volume | Open Interest |
November Otahuhu | 71.15 | 71.15 | 31.50 | 33.85 | 846 | 2118 |
November Benmore | 55.15 | 55.15 | 22.05 | 22.05 | 750 | 986 |
Otahuhu | 65.50 | 65.50 | 33.10 | 33.35 | 1291 | 1762 |
Benmore | 55.25 | 55.25 | 20.95 | 20.95 | 1152 | 1272 |
Q4 2024 Otahuhu | 66.40 | 66.40 | 41.85 | 42.15 | 635 | 4802 |
Q4 2024 Benmore | 54.00 | 54.00 | 31.60 | 31.60 | 811 | 3866 |