Sign up for weekly Market Wrap emails

New Zealand Electricity Market Wrap

September 2024

  • Over the month of September, ASX Otahuhu calendar year 2025 swap price moved down $9.89 to finish the month at $218.71. This is a price separation of -$51.03 from the next calendar year 2026.
  • Over the month of September, ASX Benmore calendar year 2025 swap price moved down $9.47 to finish the month at $187.74. This is a price separation of -$52.92 from the next calendar year 2026.
  • Total traded volume equaled 51,606 lots which is equivalent to 7.8995 million MWh.
  • The daily average traded volume was 2,457.43 lots and total trade volume is up 12.26% from 2023.
  • Total Open interest is 100,248 lots, up 1.40% from 2023
    • Futures OI = 94,848 (up 15.85%)
    • Options OI = 5,400 (down 68.22%)

Contract Month Open High Low Month Close Volume Open Interest
September Otahuhu 126.05 126.05 78.20 81.05 1878 1718
September Benmore 121.25 121.25 70.10 72.00 1704 1201
October Otahuhu 174.40 184.85 115.15 125.30 2749 1822
October Benmore 154.00 175.00 102.10 108.40 2305 989
Q3 2024 Otahuhu 311.55 314.75 297.70 298.65 329 5539
Q3 2024 Benmore 323.90 325.45 307.80 308.40 216 3502