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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