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Australian Electricity Market Wrap

Mon 27 Nov 2023 - Fri 1 Dec 2023

Calendar Year Price as at Fri 1 Dec 2023

NSW VIC QLD SA
2024 98.36 68.80 90.50 98.66
2025 104.58 68.01 89.88 103.95
2026 110.09 67.00 88.68 109.60
2027 118.50 70.20 89.35 134.34

Base Quarters

Contract Week Close Net Change Traded Volume Open Interest
NSW Base Q4 2023 $65.60 -$3.15 53 2095
VIC Base Q4 2023 $31.75 -$0.25 3 2038
QLD Base Q4 2023 $61.20 -$2.55 115 5419
SA Base Q4 2023 $53.00 - - 69
NSW Base Q1 2024 $100.00 -$8.00 150 2322
VIC Base Q1 2024 $67.54 -$0.96 40 2272
QLD Base Q1 2024 $111.96 -$6.34 86 5323
SA Base Q1 2024 $107.00 -$4.00 - 93

Cap Quarters

Contract Week Close Net Change Traded Volume Open Interest
NSW Caps Q4 2023 $8.75 -$0.65 4 917
VIC Caps Q4 2023 $2.50 - 12 582
QLD Caps Q4 2023 $10.00 -$1.50 69 937
SA Caps Q4 2023 $15.50 - - 146
NSW Caps Q1 2024 $31.00 -$4.10 77 867
VIC Caps Q1 2024 $23.50 -$1.50 14 456
QLD Caps Q1 2024 $40.00 -$5.10 28 933
SA Caps Q1 2024 $54.95 -$1.10 - 207

Options Volatility

Contract Call Put
Volatility Open Interest ATM($) Volatility Open Interest
NSW Q4 2023 47.70% 0 $66.00 30.00% 0
VIC Q4 2023 27.74% 0 $32.00 30.00% 0
QLD Q4 2023 30.00% 0 $61.00 61.72% 0
SA Q4 2023 30.00% 0 $53.00 30.00% 0
NSW FY 2025 13.00% 0 $101.00 13.00% 0
VIC FY 2025 30.00% 0 $68.00 15.02% 0
QLD FY 2025 13.52% 0 $89.00 13.59% 0
SA FY 2025 30.00% 0 $100.00 30.00% 0
NSW CY 2025 0.00% $0.00 0.00%
VIC CY 2025 0.00% $0.00 0.00%
QLD CY 2025 0.00% $0.00 0.00%
SA CY 2025 0.00% $0.00 0.00%

Futures and Caps Open Interest as at COB Fri 1 Dec 2023

  NSW VIC QLD SA
  Peak Base Caps Peak Base Caps Peak Base Caps Peak Base Caps
Dec 2023 - 1 - - 0 - - 2 - - 0 -
Jan 2024 - 0 - - 0 - - 0 - - 0 -
Feb 2024 - 0 - - 0 - - 0 - - 0 -
Mar 2024 - 5 - - 0 - - 0 - - 0 -
Q42023 21 2,095 917 65 2,038 582 0 5,419 937 0 69 146
Q12024 1 2,322 867 0 2,272 456 0 5,323 933 0 93 207
Q22024 1 2,104 779 0 2,136 413 0 5,089 524 0 50 105
Q32024 2 1,749 635 0 1,472 367 0 3,772 451 0 38 91
Q42024 1 1,640 498 1 1,470 199 0 3,779 506 0 50 78
Q12025 6 943 441 0 1,179 293 0 1,643 558 0 25 30
Q22025 6 974 390 0 993 257 0 1,590 425 0 15 10
Q32025 6 462 189 0 597 193 0 1,186 272 0 6 2
Q42025 6 461 172 0 621 186 0 1,160 283 0 6 0
Q12026 2 356 226 0 280 3 0 701 171 0 6 4
Q22026 2 294 208 0 276 1 0 625 172 0 0 0
Q32026 2 181 171 0 89 0 0 254 81 0 0 0
Q42026 2 194 156 0 100 0 0 244 80 0 0 0
Q12027 0 25 0 0 2 0 0 39 2 0 0 0
Q22027 0 25 0 0 2 0 0 40 4 0 0 0
Q32027 0 0 0 0 0 0 0 0 0 0 0 0
Q42027 0 0 0 0 0 0 0 0 0 0 0 0
Total 58 13,831 5,649 66 13,527 2,950 0 30,866 5,399 0 358 673

Options Open Interest As at COB Fri 1 Dec 2023

  NSW VIC QLD SA
Dec 2023 1,220 556 1,212 0
Mar 2024 1,994 925 1,895 0
Jun 2024 585 225 50 0
Sep 2024 200 0 0 0
Dec 2024 100 0 0 0
Mar 2025 0 0 0 0
Fin 2025 3,449 3,635 4,891 0
Cal 2025 1,766 1,917 3,400 0
Fin 2026 970 1,836 1,758 0
Cal 2026 853 739 1,216 0
Fin 2027 0 50 525 0
Cal 2027 0 0 0 0
Total 11,137 9,883 14,947 0

Historical Trade Volumes

YearTotal VolumeAverage Daily Volume
FY 2022-2023483,9611,912.89
FY 2021-2022559,8702,204.21
FY 2020-2021490,0671,929.40
Nov 202382,9883,772.18
Oct 202345,2112,055.05
Sep 202322,8371,087.48
Aug 202338,0681,655.13
Jul 202338,5521,835.81
Jun 202332,9451,568.81
May 202378,5383,414.70
Apr 202327,1151,595.00
Mar 202337,1031,613.17
Feb 202334,6721,733.60
Jan 202342,2692,113.45
Dec 202230,3061,515.30
Nov 202272,7983,309.00
Oct 202235,2961,680.76
Sep 202236,6161,664.36
Aug 202235,3771,538.13
Jul 202220,926996.48
Jun 202233,1771,579.86
May 202282,3853,744.77
Apr 202239,0272,054.05
Mar 202279,0653,437.61
Feb 202245,9782,298.90
Jan 202233,9291,785.74

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