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New Zealand Electricity Market Wrap

March 2024

  • Over the month of March, ASX Otahuhu calendar year 2025 swap price moved up $11.19 to finish the month at $174.96. This is a price separation of -$15.03 from the next calendar year 2026.
  • Over the month of March, ASX Benmore calendar year 2025 swap price moved up $10.10 to finish the month at $135.96. This is a price separation of -$14.99 from the next calendar year 2026.
  • Total traded volume equaled 50,354 lots which is equivalent to 9.9789 million MWh.
  • The daily average traded volume was 2,517.70 lots and total trade volume is down 14.22% from 2023.
  • Total Open interest is 97,426 lots, up 14.39% from 2023
    • Futures OI = 92,076 (up 18.32%)
    • Options OI = 5,350 (down 27.21%)

Contract Month Open High Low Month Close Volume Open Interest
March Otahuhu 191.70 217.70 178.45 215.30 1124 2955
March Benmore 173.70 215.70 165.60 214.95 1291 2439
April Otahuhu 184.55 260.55 179.40 253.00 2215 2457
April Benmore 162.50 247.35 152.95 242.75 1946 2337
Q1 2024 Otahuhu 186.75 195.35 182.00 194.55 146 5842
Q1 2024 Benmore 163.30 176.95 159.45 176.70 344 3493