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Australian Electricity Market Wrap
Mon 21 Jul 2025 - Fri 25 Jul 2025
Calendar Year Price as at Fri 25 Jul 2025
NSW | VIC | QLD | SA | |
2026 | 119.43 | 78.94 | 102.10 | 95.69 |
2027 | 115.41 | 75.50 | 96.37 | 94.61 |
2028 | 115.01 | 75.96 | 91.44 | 94.80 |
Base Quarters
Contract | Week Close | Net Change | Traded Volume | Open Interest |
NSW Base Q3 2025 | $108.00 | $3.00 | 203 | 2053 |
VIC Base Q3 2025 | $88.00 | $3.25 | 145 | 1621 |
QLD Base Q3 2025 | $85.50 | $5.25 | 39 | 2796 |
SA Base Q3 2025 | $120.00 | -$14.00 | 3 | 67 |
NSW Base Q4 2025 | $113.00 | $1.00 | 96 | 1571 |
VIC Base Q4 2025 | $56.00 | $1.00 | 60 | 1500 |
QLD Base Q4 2025 | $98.25 | $0.75 | 95 | 2395 |
SA Base Q4 2025 | $59.23 | - | - | 61 |
Cap Quarters
Contract | Week Close | Net Change | Traded Volume | Open Interest |
NSW Caps Q3 2025 | $21.50 | $3.12 | 115 | 753 |
VIC Caps Q3 2025 | $17.50 | $6.30 | 95 | 755 |
QLD Caps Q3 2025 | $10.75 | $1.74 | 8 | 576 |
SA Caps Q3 2025 | $40.00 | $1.00 | 8 | 184 |
NSW Caps Q4 2025 | $27.00 | $0.05 | 67 | 775 |
VIC Caps Q4 2025 | $10.75 | $0.25 | 16 | 833 |
QLD Caps Q4 2025 | $20.50 | -$0.25 | 18 | 564 |
SA Caps Q4 2025 | $18.50 | - | - | 106 |
Options Volatility
Contract | Call | Put | |||
Volatility | Open Interest | ATM($) | Volatility | Open Interest | |
NSW Q3 2025 | 47.70% | 0 | $108.00 | 30.00% | 0 |
VIC Q3 2025 | 27.74% | 0 | $88.00 | 30.00% | 0 |
QLD Q3 2025 | 30.00% | 0 | $86.00 | 30.00% | 0 |
SA Q3 2025 | 30.00% | 0 | $120.00 | 30.00% | 0 |
NSW FY 2027 | 13.00% | 0 | $116.00 | 13.00% | 0 |
VIC FY 2027 | 32.99% | 0 | $77.00 | 15.02% | 25 |
QLD FY 2027 | 13.52% | 0 | $99.00 | 13.59% | 0 |
SA FY 2027 | 30.00% | 0 | $96.00 | 30.00% | 0 |
NSW CY 2027 | 0.00% | $0.00 | 0.00% | ||
VIC CY 2027 | 0.00% | $0.00 | 0.00% | ||
QLD CY 2027 | 0.00% | $0.00 | 0.00% | ||
SA CY 2027 | 0.00% | $0.00 | 0.00% |
Futures and Caps Open Interest as at COB Fri 25 Jul 2025
NSW | VIC | QLD | SA | |||||||||
Peak | Base | Caps | Peak | Base | Caps | Peak | Base | Caps | Peak | Base | Caps | |
Aug 2025 | - | 5 | - | - | 36 | - | - | 0 | - | - | 0 | - |
Sep 2025 | - | 79 | - | - | 4 | - | - | 2 | - | - | 0 | - |
Oct 2025 | - | 73 | - | - | 0 | - | - | 0 | - | - | 0 | - |
Nov 2025 | - | 5 | - | - | 0 | - | - | 0 | - | - | 0 | - |
Dec 2025 | - | 0 | - | - | 0 | - | - | 16 | - | - | 0 | - |
Q32025 | 9 | 2,053 | 753 | 4 | 1,621 | 755 | 0 | 2,796 | 576 | 0 | 67 | 184 |
Q42025 | 6 | 1,571 | 775 | 0 | 1,500 | 833 | 0 | 2,395 | 564 | 0 | 61 | 106 |
Q12026 | 2 | 1,344 | 921 | 0 | 1,404 | 952 | 0 | 1,902 | 657 | 0 | 122 | 117 |
Q22026 | 2 | 1,547 | 749 | 0 | 1,366 | 696 | 0 | 1,693 | 543 | 0 | 69 | 95 |
Q32026 | 2 | 1,041 | 435 | 0 | 854 | 505 | 0 | 1,430 | 430 | 0 | 88 | 76 |
Q42026 | 2 | 1,043 | 358 | 0 | 886 | 384 | 0 | 1,299 | 391 | 0 | 102 | 60 |
Q12027 | 0 | 757 | 224 | 0 | 661 | 75 | 0 | 1,136 | 418 | 0 | 107 | 68 |
Q22027 | 0 | 770 | 223 | 0 | 575 | 114 | 0 | 1,087 | 376 | 0 | 78 | 43 |
Q32027 | 0 | 409 | 158 | 0 | 474 | 89 | 0 | 708 | 330 | 0 | 69 | 31 |
Q42027 | 0 | 423 | 158 | 0 | 431 | 89 | 0 | 736 | 327 | 0 | 69 | 34 |
Q12028 | 0 | 235 | 122 | 0 | 141 | 101 | 0 | 462 | 229 | 0 | 67 | 29 |
Q22028 | 0 | 206 | 121 | 0 | 111 | 101 | 0 | 424 | 229 | 0 | 64 | 29 |
Q32028 | 0 | 41 | 95 | 0 | 52 | 59 | 0 | 309 | 190 | 0 | 40 | 29 |
Q42028 | 0 | 45 | 95 | 0 | 86 | 59 | 0 | 314 | 190 | 0 | 40 | 29 |
Q12029 | 0 | 2 | 0 | 0 | 4 | 0 | 0 | 34 | 1 | 0 | 0 | 0 |
Q22029 | 0 | 3 | 0 | 0 | 4 | 0 | 0 | 34 | 0 | 0 | 0 | 0 |
Total | 23 | 11,652 | 5,187 | 4 | 10,210 | 4,812 | 0 | 16,777 | 5,451 | 0 | 1,043 | 930 |
Options Open Interest As at COB Fri 25 Jul 2025
Historical Trade Volumes
Year | Total Volume | Average Daily Volume |
FY 2024-2025 | 422,383 | 1,662.93 |
FY 2023-2024 | 519,917 | 2,063.16 |
FY 2022-2023 | 483,961 | 1,912.89 |
Jul 2025 | 57,878 | 2,756.10 |
May 2025 | 64,523 | 2,932.86 |
May 2025 | 25,442 | 1,339.05 |
Mar 2025 | 31,029 | 1,477.57 |
Mar 2025 | 41,512 | 2,075.60 |
Jan 2025 | 26,056 | 1,240.76 |
Dec 2024 | 22,325 | 1,116.25 |
Dec 2024 | 43,409 | 2,067.10 |
Oct 2024 | 25,415 | 1,105.00 |
Oct 2024 | 22,670 | 1,079.52 |
Aug 2024 | 30,180 | 1,371.82 |
Jul 2024 | 31,944 | 1,388.87 |
Jul 2024 | 28,093 | 1,478.58 |
May 2024 | 80,708 | 3,509.04 |
May 2024 | 31,035 | 1,551.75 |
Mar 2024 | 29,718 | 1,485.90 |
Mar 2024 | 48,012 | 2,286.29 |
Jan 2024 | 42,146 | 2,006.95 |
Dec 2023 | 32,549 | 1,713.11 |
Dec 2023 | 82,988 | 3,772.18 |
Oct 2023 | 45,211 | 2,055.05 |
Oct 2023 | 22,837 | 1,087.48 |
Aug 2023 | 38,068 | 1,655.13 |