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New Zealand Electricity Market Wrap

December 2024

  • Over the month of December, ASX Otahuhu calendar year 2025 swap price moved down $2.45 to finish the month at $168.83. This is a price separation of +$10.24 from the next calendar year 2026.
  • Over the month of December, ASX Benmore calendar year 2025 swap price moved down $2.32 to finish the month at $136.19. This is a price separation of +$9.27 from the next calendar year 2026.
  • Total traded volume equaled 32,065 lots which is equivalent to 4.7087 million MWh.
  • The daily average traded volume was 1,603.25 lots and total trade volume is down 16.61% from 2023.
  • Total Open interest is 109,013 lots, up 13.74% from 2023
    • Futures OI = 99,013 (up 13.69%)
    • Options OI = 10,000 (up 14.29%)

Contract Month Open High Low Month Close Volume Open Interest
December Otahuhu 42.05 45.25 35.00 38.55 676 1856
December Benmore 27.40 30.05 20.00 20.05 432 1308
Otahuhu 77.95 85.40 65.35 65.35 1892 1795
Benmore 56.75 58.90 44.05 44.05 1485 1556
Q4 2024 Otahuhu 45.40 46.45 43.00 44.20 108 4730
Q4 2024 Benmore 34.50 35.45 32.00 32.00 99 3884