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New Zealand Electricity Market Wrap

July 2020

  • Over the month of July, ASX Otahuhu calendar year 2021 swap price moved down $17.32 to finish the month at $85.72. This is a price separation of -$5.10 from the next calendar year 2022.
  • Over the month of July, ASX Benmore calendar year 2021 swap price moved down $21.39 to finish the month at $69.49. This is a price separation of -$20.74 from the next calendar year 2022.
  • Total traded volume equaled 62,546 lots which is equivalent to 9.2178 million MWh.
  • The daily average traded volume was 2,719.39 lots and total trade volume is up 612.53% from 2019.
  • Total Open interest is 56,418 lots, up 35.74% from 2019
    • Futures OI = 42,268 (up 45.19%)
    • Options OI = 14,150 (up 13.65%)

Contract Month Open High Low Month Close Volume Open Interest
July Otahuhu 190.00 199.10 143.00 153.40 1859 1340
July Benmore 175.00 183.00 130.00 140.90 1580 1428
August Otahuhu 165.65 189.15 114.95 115.00 2552 1277
August Benmore 160.00 173.10 103.00 103.75 2235 1095
Q3 2020 Otahuhu 165.00 176.00 120.85 124.70 2025 3254
Q3 2020 Benmore 153.65 160.00 110.40 113.75 1662 1975