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New Zealand Electricity Market Wrap

August 2021

  • Over the month of August, ASX Otahuhu calendar year 2022 swap price moved up $6.67 to finish the month at $148.47. This is a price separation of -$15.85 from the next calendar year 2023.
  • Over the month of August, ASX Benmore calendar year 2022 swap price moved up $0.83 to finish the month at $124.53. This is a price separation of -$14.57 from the next calendar year 2023.
  • Total traded volume equaled 37,413 lots which is equivalent to 3.8723 million MWh.
  • The daily average traded volume was 1,700.59 lots and total trade volume is down 7.61% from 2020.
  • Total Open interest is 112,659 lots, up 79.93% from 2020
    • Futures OI = 110,659 (up 140.76%)
    • Options OI = 2,000 (down 87.99%)

Contract Month Open High Low Month Close Volume Open Interest
August Otahuhu 143.95 190.10 143.95 156.35 1736 2125
August Benmore 123.50 164.00 117.45 121.80 1429 2547
September Otahuhu 135.90 140.65 95.00 95.00 1733 2333
September Benmore 120.90 124.75 80.00 80.00 1770 2314
Q3 2021 Otahuhu 157.55 167.75 148.00 148.00 1220 5840
Q3 2021 Benmore 137.50 145.00 123.60 123.65 1390 4326