New Zealand Electricity Market Wrap

December 2019

  • Over the month of December, ASX Otahuhu calendar year 2020 swap price moved down $1.61 to finish the month at $125.44. This is a price separation of -$25.75 from the next calendar year 2021.
  • Over the month of December, ASX Benmore calendar year 2020 swap price moved down $2.71 to finish the month at $98.23. This is a price separation of -$9.23 from the next calendar year 2021.
  • Total traded volume equaled 7,116 lots which is equivalent to 1.2175 million MWh.
  • The daily average traded volume was 355.80 lots and total trade volume is down 49.98% from 2018.
  • Total Open interest is 39,974 lots, down 9.03% from 2018
    • Futures OI = 32,174 (up 3.95%)
    • Options OI = 7,800 (down 39.95%)

Contract Month Open High Low Month Close Volume Open Interest
December Otahuhu 92.00 96.00 63.95 63.95 180 1600
December Benmore 76.50 76.50 49.60 49.60 320 1453
January Otahuhu 128.95 129.15 117.25 117.25 263 703
January Benmore 80.80 81.00 66.90 66.90 250 499
Q4 2019 Otahuhu 110.80 113.65 102.85 102.85 10 2597
Q4 2019 Benmore 96.50 96.50 87.30 87.30 86 1387