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New Zealand Electricity Market Wrap

March 2021

  • Over the month of March, ASX Otahuhu calendar year 2022 swap price moved up $6.94 to finish the month at $154.61. This is a price separation of -$17.62 from the next calendar year 2023.
  • Over the month of March, ASX Benmore calendar year 2022 swap price moved up $7.10 to finish the month at $138.42. This is a price separation of -$20.42 from the next calendar year 2023.
  • Total traded volume equaled 53,002 lots which is equivalent to 5.8789 million MWh.
  • The daily average traded volume was 2,304.43 lots and total trade volume is up 34.92% from 2020.
  • Total Open interest is 96,395 lots, up 117.30% from 2020
    • Futures OI = 86,395 (up 119.22%)
    • Options OI = 10,000 (up 102.02%)

Contract Month Open High Low Month Close Volume Open Interest
March Otahuhu 286.40 286.40 189.45 246.50 1270 2341
March Benmore 267.85 281.55 188.95 244.55 1235 1769
April Otahuhu 244.20 303.10 213.00 303.10 1340 1760
April Benmore 244.75 284.25 209.60 284.25 1460 1477
Q1 2021 Otahuhu 220.80 220.80 186.50 206.15 753 3424
Q1 2021 Benmore 210.00 216.30 184.00 203.15 661 2693