ASX Electricity Futures Contracts are listed for trading on the New Zealand nodes of Otahuhu and Benmore.
The New Zealand Electricity Derivatives market on ASX Energy provides a transparent and regulated venue for participants seeking to manage wholesale electricity price exposure.
These contracts are cash-settled financial instruments, structured as Contracts for Difference (CFDs) and referenced to spot prices published by New Zealand’s wholesale electricity market.
Products are listed on two reference grid locations: Otahuhu in the North Island and Benmore in the South Island.
ASX Energy offers a range of futures and options across monthly and quarterly tenors. Contracts are centrally cleared through ASX Clear (Futures), reducing bilateral counterparty risk and aligning with international risk management standards.
Trading occurs on the ASX24 platform, with prices reflecting market supply and demand for forward electricity exposure.
Liquidity is supported through market-making arrangements on key contracts, with quoting obligations designed to provide consistent bid and offer prices.
Trading sessions are conducted during New Zealand business hours, with daily settlement prices calculated using transparent methodologies set out in the contract specifications.
The New Zealand Electricity Derivatives market operates under the ASX24 Operating Rules and the ASIC Market Integrity Rules, providing participants with a regulated framework. Contract details, expiry dates, and trading calendars are available through ASX resources listed below.
All ASX Electricity Futures and Options Contracts are CFTC approved.