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New Zealand Electricity Market Wrap

May 2021

  • Over the month of May, ASX Otahuhu calendar year 2022 swap price moved up $13.87 to finish the month at $168.15. This is a price separation of -$28.60 from the next calendar year 2023.
  • Over the month of May, ASX Benmore calendar year 2022 swap price moved up $15.46 to finish the month at $153.17. This is a price separation of -$33.97 from the next calendar year 2023.
  • Total traded volume equaled 36,006 lots which is equivalent to 4.1290 million MWh.
  • The daily average traded volume was 1,714.57 lots and total trade volume is up 6.79% from 2020.
  • Total Open interest is 97,145 lots, up 119.66% from 2020
    • Futures OI = 91,545 (up 149.61%)
    • Options OI = 5,600 (down 25.83%)

Contract Month Open High Low Month Close Volume Open Interest
May Otahuhu 305.00 305.00 259.50 291.50 1254 1816
May Benmore 292.40 292.40 248.00 283.25 949 1264
June Otahuhu 302.95 345.65 285.00 345.65 1271 1785
June Benmore 287.40 322.95 272.00 322.95 1011 1784
Q2 2021 Otahuhu 293.55 301.75 271.00 301.75 648 4177
Q2 2021 Benmore 280.80 289.00 260.20 289.00 549 2376