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New Zealand Electricity Market Wrap
September 2024
- Over the month of September, ASX Otahuhu calendar year 2025 swap price moved down $9.89 to finish the month at $218.71. This is a price separation of -$51.03 from the next calendar year 2026.
- Over the month of September, ASX Benmore calendar year 2025 swap price moved down $9.47 to finish the month at $187.74. This is a price separation of -$52.92 from the next calendar year 2026.
- Total traded volume equaled 51,606 lots which is equivalent to 7.8995 million MWh.
- The daily average traded volume was 2,457.43 lots and total trade volume is up 12.26% from 2023.
- Total Open interest is 100,248 lots, up 1.40% from 2023
- Futures OI = 94,848 (up 15.85%)
- Options OI = 5,400 (down 68.22%)
Contract | Month Open | High | Low | Month Close | Volume | Open Interest |
September Otahuhu | 126.05 | 126.05 | 78.20 | 81.05 | 1878 | 1718 |
September Benmore | 121.25 | 121.25 | 70.10 | 72.00 | 1704 | 1201 |
October Otahuhu | 174.40 | 184.85 | 115.15 | 125.30 | 2749 | 1822 |
October Benmore | 154.00 | 175.00 | 102.10 | 108.40 | 2305 | 989 |
Q3 2024 Otahuhu | 311.55 | 314.75 | 297.70 | 298.65 | 329 | 5539 |
Q3 2024 Benmore | 323.90 | 325.45 | 307.80 | 308.40 | 216 | 3502 |