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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