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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 |