New Zealand Electricity Market Wrap

August 2019

  • Over the month of August, ASX Otahuhu calendar year 2020 swap price moved up $7.26 to finish the month at $122.94. This is a price separation of -$20.38 from the next calendar year 2021.
  • Over the month of August, ASX Benmore calendar year 2020 swap price moved up $6.95 to finish the month at $100.16. This is a price separation of -$10.50 from the next calendar year 2021.
  • Total traded volume equaled 14,767 lots which is equivalent to 2.6346 million MWh.
  • The daily average traded volume was 671.23 lots and total trade volume is down 18.97% from 2018.
  • Total Open interest is 42,195 lots, up 7.60% from 2018
    • Futures OI = 29,445 (down 5.33%)
    • Options OI = 12,750 (up 57.21%)

Contract Month Open High Low Month Close Volume Open Interest
August Otahuhu 116.00 140.35 116.00 136.10 173 1056
August Benmore 103.20 124.00 103.20 121.00 490 1133
September Otahuhu 107.85 115.00 105.00 112.50 550 796
September Benmore 100.00 104.50 93.45 100.00 730 810
Q3 2019 Otahuhu 113.00 123.50 113.00 121.55 220 2557
Q3 2019 Benmore 100.85 108.60 100.85 106.60 100 1300