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New Zealand Electricity Market Wrap

June 2024

  • Over the month of June, ASX Otahuhu calendar year 2025 swap price moved up $23.35 to finish the month at $199.92. This is a price separation of -$28.77 from the next calendar year 2026.
  • Over the month of June, ASX Benmore calendar year 2025 swap price moved up $25.05 to finish the month at $164.95. This is a price separation of -$32.53 from the next calendar year 2026.
  • Total traded volume equaled 39,234 lots which is equivalent to 9.0856 million MWh.
  • The daily average traded volume was 2,179.67 lots and total trade volume is down 41.51% from 2023.
  • Total Open interest is 94,655 lots, down 10.35% from 2023
    • Futures OI = 90,505 (up 1.58%)
    • Options OI = 4,150 (down 74.83%)

Contract Month Open High Low Month Close Volume Open Interest
June Otahuhu 294.10 294.10 262.75 262.75 450 1958
June Benmore 266.95 273.35 262.95 262.95 376 1303
July Otahuhu 273.65 289.65 264.50 289.65 759 1272
July Benmore 250.65 275.15 243.80 275.15 1389 1574
Q2 2024 Otahuhu 275.60 275.60 265.50 265.50 12 4756
Q2 2024 Benmore 252.25 255.90 252.25 252.50 12 3611