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Australian Electricity Market Wrap
Mon 8 Sep 2025 - Fri 12 Sep 2025
Calendar Year Price as at Fri 12 Sep 2025
NSW | VIC | QLD | SA | |
2026 | 117.62 | 78.64 | 101.97 | 95.17 |
2027 | 114.33 | 74.99 | 96.10 | 93.87 |
2028 | 115.17 | 79.07 | 92.76 | 95.45 |
Base Quarters
Contract | Week Close | Net Change | Traded Volume | Open Interest |
NSW Base Q3 2025 | $94.50 | -$4.00 | 69 | 2109 |
VIC Base Q3 2025 | $78.35 | -$2.95 | 89 | 1761 |
QLD Base Q3 2025 | $73.90 | -$2.80 | 26 | 2924 |
SA Base Q3 2025 | $108.00 | -$1.00 | - | 69 |
NSW Base Q4 2025 | $112.33 | -$2.42 | 111 | 1765 |
VIC Base Q4 2025 | $55.50 | -$1.00 | 108 | 1537 |
QLD Base Q4 2025 | $96.47 | -$2.53 | 161 | 2538 |
SA Base Q4 2025 | $60.25 | - | - | 71 |
Cap Quarters
Contract | Week Close | Net Change | Traded Volume | Open Interest |
NSW Caps Q3 2025 | $4.00 | -$2.50 | 32 | 1001 |
VIC Caps Q3 2025 | $2.50 | -$2.00 | 51 | 868 |
QLD Caps Q3 2025 | $1.95 | -$0.60 | 22 | 658 |
SA Caps Q3 2025 | $27.50 | -$0.50 | - | 196 |
NSW Caps Q4 2025 | $28.00 | -$1.00 | 96 | 881 |
VIC Caps Q4 2025 | $9.60 | -$0.15 | 68 | 856 |
QLD Caps Q4 2025 | $20.00 | -$0.25 | 87 | 668 |
SA Caps Q4 2025 | $18.40 | $1.90 | 31 | 114 |
Options Volatility
Contract | Call | Put | |||
Volatility | Open Interest | ATM($) | Volatility | Open Interest | |
NSW Q3 2025 | 49.33% | 50 | $95.00 | 37.63% | 576 |
VIC Q3 2025 | 27.74% | 0 | $78.00 | 30.00% | 0 |
QLD Q3 2025 | 30.00% | 0 | $74.00 | 30.00% | 0 |
SA Q3 2025 | 30.00% | 0 | $108.00 | 30.00% | 0 |
NSW FY 2027 | 20.05% | 25 | $115.00 | 20.40% | 75 |
VIC FY 2027 | 32.99% | 0 | $76.00 | 15.02% | 0 |
QLD FY 2027 | 20.48% | 60 | $98.00 | 13.59% | 0 |
SA FY 2027 | 30.00% | 0 | $95.00 | 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 12 Sep 2025
NSW | VIC | QLD | SA | |||||||||
Peak | Base | Caps | Peak | Base | Caps | Peak | Base | Caps | Peak | Base | Caps | |
Sep 2025 | - | 97 | - | - | 6 | - | - | 2 | - | - | 0 | - |
Oct 2025 | - | 77 | - | - | 0 | - | - | 0 | - | - | 0 | - |
Nov 2025 | - | 5 | - | - | 0 | - | - | 0 | - | - | 0 | - |
Dec 2025 | - | 0 | - | - | 0 | - | - | 21 | - | - | 0 | - |
Q32025 | 9 | 2,109 | 1,001 | 4 | 1,761 | 868 | 0 | 2,924 | 658 | 0 | 69 | 196 |
Q42025 | 6 | 1,765 | 881 | 0 | 1,537 | 856 | 0 | 2,538 | 668 | 0 | 71 | 114 |
Q12026 | 2 | 1,428 | 978 | 0 | 1,368 | 1,076 | 0 | 2,112 | 727 | 0 | 125 | 123 |
Q22026 | 2 | 1,645 | 855 | 0 | 1,352 | 767 | 0 | 1,776 | 556 | 0 | 72 | 95 |
Q32026 | 2 | 1,181 | 472 | 0 | 901 | 551 | 0 | 1,528 | 462 | 0 | 113 | 76 |
Q42026 | 2 | 1,238 | 370 | 0 | 1,003 | 433 | 0 | 1,465 | 425 | 0 | 122 | 60 |
Q12027 | 0 | 931 | 223 | 0 | 720 | 167 | 0 | 1,135 | 446 | 0 | 127 | 68 |
Q22027 | 0 | 1,014 | 221 | 0 | 591 | 154 | 0 | 1,151 | 363 | 0 | 97 | 43 |
Q32027 | 0 | 529 | 158 | 0 | 561 | 84 | 0 | 742 | 335 | 0 | 69 | 31 |
Q42027 | 0 | 536 | 158 | 0 | 501 | 89 | 0 | 782 | 332 | 0 | 69 | 34 |
Q12028 | 0 | 364 | 125 | 0 | 160 | 101 | 0 | 510 | 248 | 0 | 67 | 29 |
Q22028 | 0 | 340 | 125 | 0 | 141 | 101 | 0 | 473 | 244 | 0 | 64 | 29 |
Q32028 | 0 | 176 | 105 | 0 | 85 | 64 | 0 | 325 | 207 | 0 | 40 | 29 |
Q42028 | 0 | 196 | 105 | 0 | 120 | 59 | 0 | 330 | 205 | 0 | 40 | 29 |
Q12029 | 0 | 47 | 7 | 0 | 30 | 0 | 0 | 34 | 1 | 0 | 0 | 0 |
Q22029 | 0 | 51 | 0 | 0 | 30 | 0 | 0 | 37 | 0 | 0 | 0 | 0 |
Total | 23 | 13,729 | 5,784 | 4 | 10,867 | 5,370 | 0 | 17,885 | 5,877 | 0 | 1,145 | 956 |
Options Open Interest As at COB Fri 12 Sep 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 |
Aug 2025 | 33,473 | 1,593.95 |
Jul 2025 | 36,234 | 1,575.39 |
Jun 2025 | 57,878 | 2,756.10 |
May 2025 | 64,523 | 2,932.86 |
Apr 2025 | 25,442 | 1,339.05 |
Mar 2025 | 31,029 | 1,477.57 |
Feb 2025 | 41,512 | 2,075.60 |
Jan 2025 | 26,056 | 1,240.76 |
Dec 2024 | 22,325 | 1,116.25 |
Nov 2024 | 43,409 | 2,067.10 |
Oct 2024 | 25,415 | 1,105.00 |
Sep 2024 | 22,670 | 1,079.52 |
Aug 2024 | 30,180 | 1,371.82 |
Jul 2024 | 31,944 | 1,388.87 |
Jun 2024 | 28,093 | 1,478.58 |
May 2024 | 80,708 | 3,509.04 |
Apr 2024 | 31,035 | 1,551.75 |
Mar 2024 | 29,718 | 1,485.90 |
Feb 2024 | 48,012 | 2,286.29 |
Jan 2024 | 42,146 | 2,006.95 |
Dec 2023 | 32,549 | 1,713.11 |
Nov 2023 | 82,988 | 3,772.18 |
Oct 2023 | 45,211 | 2,055.05 |