New Zealand Electricity Market Wrap

February 2019

  • Over the month of February, ASX Otahuhu calendar year 2020 swap price moved up $8.93 to finish the month at $100.51. This is a price separation of -$8.85 from the next calendar year 2021.
  • Over the month of February, ASX Benmore calendar year 2020 swap price moved up $4.97 to finish the month at $87.47. This is a price separation of -$5.30 from the next calendar year 2021.
  • Total traded volume equaled 18,691 lots which is equivalent to 3.5669 million MWh.
  • The daily average traded volume was 983.74 lots and total trade volume is down 18.88% from 2018.
  • Total Open interest is 51,488 lots, up 31.96% from 2018
    • Futures OI = 32,398 (up 0.75%)
    • Options OI = 19,090 (up 178.28%)

Contract Month Open High Low Month Close Volume Open Interest
February Otahuhu 154.05 226.65 133.10 171.00 495 998
February Benmore 136.15 173.25 120.65 151.00 572 750
March Otahuhu 149.90 230.00 133.10 171.85 348 880
March Benmore 137.10 176.50 122.10 154.65 450 740
Q1 2019 Otahuhu 146.00 195.00 133.00 158.80 250 2506
Q1 2019 Benmore 130.00 155.00 120.00 142.10 170 2057