New Zealand Electricity Market Wrap

May 2019

  • Over the month of May, ASX Otahuhu calendar year 2020 swap price moved up $1.14 to finish the month at $103.58. This is a price separation of -$10.59 from the next calendar year 2021.
  • Over the month of May, ASX Benmore calendar year 2020 swap price moved down $1.10 to finish the month at $87.38. This is a price separation of -$5.12 from the next calendar year 2021.
  • Total traded volume equaled 18,823 lots which is equivalent to 3.2309 million MWh.
  • The daily average traded volume was 818.39 lots and total trade volume is up 31.56% from 2018.
  • Total Open interest is 49,281 lots, up 41.38% from 2018
    • Futures OI = 32,431 (up 13.81%)
    • Options OI = 16,850 (up 164.94%)

Contract Month Open High Low Month Close Volume Open Interest
May Otahuhu 130.25 136.55 121.55 123.00 10 583
May Benmore 102.40 119.00 96.90 96.90 178 690
June Otahuhu 145.00 147.15 103.50 103.50 987 1177
June Benmore 115.00 123.20 88.95 88.95 1100 1313
Q2 2019 Otahuhu 130.20 133.00 114.00 114.00 130 2608
Q2 2019 Benmore 104.40 112.00 94.25 94.25 90 1996