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Australian Electricity Market Wrap
Mon 22 Sep 2025 - Fri 26 Sep 2025
Calendar Year Price as at Fri 26 Sep 2025
NSW | VIC | QLD | SA | |
2026 | 117.33 | 79.01 | 104.03 | 94.75 |
2027 | 114.59 | 75.34 | 97.92 | 93.39 |
2028 | 115.07 | 78.95 | 93.19 | 95.00 |
Base Quarters
Contract | Week Close | Net Change | Traded Volume | Open Interest |
NSW Base Q3 2025 | $90.75 | -$0.45 | 51 | 2154 |
VIC Base Q3 2025 | $77.15 | - | 4 | 1768 |
QLD Base Q3 2025 | $73.00 | -$0.30 | - | 2925 |
SA Base Q3 2025 | $104.50 | -$1.00 | - | 69 |
NSW Base Q4 2025 | $106.50 | -$2.17 | 121 | 1782 |
VIC Base Q4 2025 | $53.93 | $0.18 | 103 | 1556 |
QLD Base Q4 2025 | $96.83 | $0.08 | 37 | 2549 |
SA Base Q4 2025 | $58.75 | -$0.50 | 3 | 80 |
Cap Quarters
Contract | Week Close | Net Change | Traded Volume | Open Interest |
NSW Caps Q3 2025 | $2.50 | -$0.25 | 1 | 1002 |
VIC Caps Q3 2025 | $1.80 | -$0.35 | 3 | 879 |
QLD Caps Q3 2025 | $1.00 | -$0.40 | 2 | 660 |
SA Caps Q3 2025 | $25.00 | -$1.25 | - | 196 |
NSW Caps Q4 2025 | $25.75 | -$0.50 | 19 | 901 |
VIC Caps Q4 2025 | $10.00 | $1.25 | 34 | 882 |
QLD Caps Q4 2025 | $19.60 | -$0.10 | 1 | 663 |
SA Caps Q4 2025 | $18.00 | - | - | 114 |
Options Volatility
Contract | Call | Put | |||
Volatility | Open Interest | ATM($) | Volatility | Open Interest | |
NSW Q3 2025 | 47.70% | 0 | $91.00 | 30.00% | 0 |
VIC Q3 2025 | 27.74% | 0 | $77.00 | 30.00% | 0 |
QLD Q3 2025 | 30.00% | 0 | $73.00 | 30.00% | 0 |
SA Q3 2025 | 30.00% | 0 | $105.00 | 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 | 20.37% | 225 | $100.00 | 26.65% | 0 |
SA FY 2027 | 30.00% | 0 | $94.00 | 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 26 Sep 2025
NSW | VIC | QLD | SA | |||||||||
Peak | Base | Caps | Peak | Base | Caps | Peak | Base | Caps | Peak | Base | Caps | |
Oct 2025 | - | 88 | - | - | 0 | - | - | 0 | - | - | 0 | - |
Nov 2025 | - | 5 | - | - | 0 | - | - | 0 | - | - | 0 | - |
Dec 2025 | - | 0 | - | - | 0 | - | - | 21 | - | - | 0 | - |
Q42025 | 6 | 1,782 | 901 | 0 | 1,556 | 882 | 0 | 2,549 | 663 | 0 | 80 | 114 |
Q12026 | 2 | 1,509 | 1,011 | 0 | 1,390 | 1,151 | 0 | 2,186 | 754 | 0 | 131 | 123 |
Q22026 | 2 | 1,654 | 868 | 0 | 1,385 | 776 | 0 | 1,820 | 556 | 0 | 78 | 95 |
Q32026 | 2 | 1,230 | 494 | 0 | 974 | 560 | 0 | 1,579 | 462 | 0 | 119 | 79 |
Q42026 | 2 | 1,299 | 383 | 0 | 1,095 | 435 | 0 | 1,504 | 425 | 0 | 128 | 63 |
Q12027 | 0 | 984 | 235 | 0 | 856 | 166 | 0 | 1,281 | 459 | 0 | 129 | 71 |
Q22027 | 0 | 1,068 | 235 | 0 | 741 | 154 | 0 | 1,300 | 366 | 0 | 99 | 46 |
Q32027 | 0 | 570 | 160 | 0 | 632 | 84 | 0 | 861 | 338 | 0 | 69 | 31 |
Q42027 | 0 | 608 | 161 | 0 | 571 | 89 | 0 | 909 | 335 | 0 | 70 | 34 |
Q12028 | 0 | 401 | 128 | 0 | 198 | 101 | 0 | 557 | 259 | 0 | 68 | 29 |
Q22028 | 0 | 378 | 127 | 0 | 176 | 101 | 0 | 516 | 259 | 0 | 65 | 29 |
Q32028 | 0 | 185 | 105 | 0 | 85 | 64 | 0 | 327 | 222 | 0 | 41 | 29 |
Q42028 | 0 | 205 | 105 | 0 | 120 | 59 | 0 | 332 | 220 | 0 | 41 | 29 |
Q12029 | 0 | 50 | 7 | 0 | 30 | 0 | 0 | 34 | 1 | 0 | 0 | 0 |
Q22029 | 0 | 54 | 0 | 0 | 30 | 0 | 0 | 37 | 0 | 0 | 0 | 0 |
Total | 14 | 12,070 | 4,920 | 0 | 9,839 | 4,622 | 0 | 15,813 | 5,319 | 0 | 1,118 | 772 |
Options Open Interest As at COB Fri 26 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 |