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New Zealand Electricity Market Wrap

January 2019

  • Over the month of January, ASX Otahuhu calendar year 2020 swap price moved up $1.60 to finish the month at $91.58. This is a price separation of -$4.82 from the next calendar year 2021.
  • Over the month of January, ASX Benmore calendar year 2020 swap price moved down $0.31 to finish the month at $82.50. This is a price separation of -$1.42 from the next calendar year 2021.
  • Total traded volume equaled 17,224 lots which is equivalent to 5.2167 million MWh.
  • The daily average traded volume was 820.19 lots and total trade volume is down 9.38% from 2018.
  • Total Open interest is 45,851 lots, up 30.83% from 2018
    • Futures OI = 29,861 (up 2.66%)
    • Options OI = 15,990 (up 168.29%)

Contract Month Open High Low Month Close Volume Open Interest
January Otahuhu 128.40 154.00 127.00 135.00 190 1302
January Benmore 115.05 144.00 109.20 121.00 150 735
February Otahuhu 111.60 154.95 111.60 153.95 400 750
February Benmore 112.70 142.80 112.70 133.70 250 440
Q1 2019 Otahuhu 125.00 151.00 125.00 146.00 678 2324
Q1 2019 Benmore 120.00 142.50 115.00 130.00 938 1652