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New Zealand Electricity Market Wrap
November 2023
- Over the month of November, ASX Otahuhu calendar year 2024 swap price moved up $9.41 to finish the month at $170.71. This is a price separation of -$11.23 from the next calendar year 2025.
- Over the month of November, ASX Benmore calendar year 2024 swap price moved up $7.70 to finish the month at $138.63. This is a price separation of -$15.30 from the next calendar year 2025.
- Total traded volume equaled 49,139 lots which is equivalent to 6.0874 million MWh.
- The daily average traded volume was 2,233.59 lots and total trade volume is down 15.17% from 2022.
- Total Open interest is 92,605 lots, up 26.32% from 2022
- Futures OI = 84,055 (up 22.60%)
- Options OI = 8,550 (up 80.00%)
Contract | Month Open | High | Low | Month Close | Volume | Open Interest |
November Otahuhu | 147.10 | 166.55 | 133.25 | 151.00 | 1425 | 2041 |
November Benmore | 114.95 | 130.45 | 104.50 | 127.35 | 1278 | 1678 |
December Otahuhu | 114.10 | 151.10 | 105.45 | 145.75 | 1944 | 1768 |
December Benmore | 92.50 | 131.20 | 85.10 | 128.65 | 2047 | 1491 |
Q4 2023 Otahuhu | 131.15 | 145.50 | 126.00 | 143.05 | 1030 | 5118 |
Q4 2023 Benmore | 103.65 | 121.80 | 99.10 | 121.00 | 1293 | 3245 |