Sign up for weekly Market Wrap emails

Australian Electricity Market Wrap

Mon 6 Jan 2025 - Fri 10 Jan 2025

Calendar Year Price as at Fri 10 Jan 2025

NSW VIC QLD SA
2026 125.74 75.93 108.75 102.18
2027 123.50 71.38 100.75 102.40
2028 124.69 72.06 99.25 99.69

Base Quarters

Contract Week Close Net Change Traded Volume Open Interest
NSW Base Q1 2025 $138.00 $3.67 127 1632
VIC Base Q1 2025 $75.35 $4.60 72 1292
QLD Base Q1 2025 $142.00 - 61 2703
SA Base Q1 2025 $89.50 -$7.50 8 99
NSW Base Q2 2025 $150.25 $0.05 72 1579
VIC Base Q2 2025 $112.75 $0.75 41 1286
QLD Base Q2 2025 $120.00 $1.00 31 2348
SA Base Q2 2025 $133.50 -$0.52 - 87

Cap Quarters

Contract Week Close Net Change Traded Volume Open Interest
NSW Caps Q1 2025 $50.50 $0.50 52 962
VIC Caps Q1 2025 $26.00 -$0.39 13 888
QLD Caps Q1 2025 $47.60 -$2.40 11 783
SA Caps Q1 2025 $36.00 -$9.00 4 240
NSW Caps Q2 2025 $39.75 -$0.50 10 548
VIC Caps Q2 2025 $18.30 $1.05 8 631
QLD Caps Q2 2025 $23.25 $0.16 - 538
SA Caps Q2 2025 $29.50 -$0.50 - 116

Options Volatility

Contract Call Put
Volatility Open Interest ATM($) Volatility Open Interest
NSW Q1 2025 47.70% 0 $138.00 30.00% 0
VIC Q1 2025 88.80% 90 $75.00 30.00% 25
QLD Q1 2025 30.00% 0 $142.00 30.00% 0
SA Q1 2025 30.00% 0 $90.00 30.00% 0
NSW FY 2026 13.00% 0 $128.00 13.00% 0
VIC FY 2026 32.99% 0 $78.00 15.02% 0
QLD FY 2026 13.52% 0 $114.00 13.59% 0
SA FY 2026 30.00% 0 $102.00 30.00% 0
NSW CY 2026 13.00% 0 $126.00 13.00% 0
VIC CY 2026 32.99% 0 $76.00 15.02% 0
QLD CY 2026 13.52% 0 $109.00 13.59% 0
SA CY 2026 30.00% 0 $102.00 30.00% 0

Futures and Caps Open Interest as at COB Fri 10 Jan 2025

  NSW VIC QLD SA
  Peak Base Caps Peak Base Caps Peak Base Caps Peak Base Caps
Jan 2025 - 0 - - 0 - - 0 - - 0 -
Feb 2025 - 0 - - 0 - - 0 - - 0 -
Mar 2025 - 0 - - 0 - - 0 - - 0 -
Apr 2025 - 0 - - 0 - - 0 - - 0 -
May 2025 - 0 - - 0 - - 0 - - 0 -
Jun 2025 - 0 - - 0 - - 0 - - 0 -
Q12025 6 1,632 962 0 1,292 888 0 2,703 783 0 99 240
Q22025 6 1,579 548 2 1,286 631 0 2,348 538 0 87 116
Q32025 6 1,373 489 1 1,208 573 0 1,971 502 0 43 116
Q42025 6 1,258 541 0 1,199 529 0 1,796 529 0 34 103
Q12026 2 1,005 625 0 948 472 0 1,194 423 0 27 86
Q22026 2 1,079 606 0 969 434 0 1,160 392 0 26 78
Q32026 2 636 424 0 527 341 0 859 241 0 19 62
Q42026 2 642 386 0 539 330 0 875 238 0 28 62
Q12027 0 295 142 0 388 27 0 738 134 0 17 35
Q22027 0 283 141 0 346 20 0 686 126 0 5 25
Q32027 0 100 89 0 226 27 0 372 117 0 0 10
Q42027 0 89 89 0 281 19 0 379 116 0 0 12
Q12028 0 7 20 0 31 4 0 101 74 0 0 0
Q22028 0 6 20 0 18 4 0 104 74 0 0 0
Q32028 0 2 20 0 11 2 0 42 45 0 0 0
Q42028 0 0 20 0 45 2 0 42 45 0 0 0
Total 32 9,986 5,122 3 9,314 4,303 0 15,370 4,377 0 385 945

Options Open Interest As at COB Fri 10 Jan 2025

  NSW VIC QLD SA
Mar 2025 2,999 2,236 2,093 5
Jun 2025 1,426 1,600 804 0
Sep 2025 150 1,030 400 0
Dec 2025 0 150 0 0
Mar 2026 0 0 0 0
Jun 2026 0 0 0 0
Fin 2026 1,966 3,041 3,398 0
Cal 2026 2,054 2,179 3,068 0
Fin 2027 242 610 1,604 0
Cal 2027 185 640 957 0
Fin 2028 0 100 400 0
Cal 2028 0 0 0 0
Total 9,022 11,586 12,724 5

Historical Trade Volumes

YearTotal VolumeAverage Daily Volume
FY 2024-2025182,8191,334.45
FY 2023-2024519,9172,063.16
FY 2022-2023483,9611,912.89
Dec 202422,3251,116.25
Nov 202443,4092,067.10
Oct 202425,4151,105.00
Sep 202422,6701,079.52
Aug 202430,1801,371.82
Jul 202431,9441,388.87
Jun 202428,0931,478.58
May 202480,7083,509.04
Apr 202431,0351,551.75
Mar 202429,7181,485.90
Feb 202448,0122,286.29
Jan 202442,1462,006.95
Dec 202332,5491,713.11
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

Disclaimer - Terms of Use - Privacy Statement