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New Zealand Electricity Market Wrap
March 2025
- Over the month of March, ASX Otahuhu calendar year 2026 swap price moved down $2.90 to finish the month at $195.85. This is a price separation of -$17.22 from the next calendar year 2027.
- Over the month of March, ASX Benmore calendar year 2026 swap price moved down $1.59 to finish the month at $163.32. This is a price separation of -$16.26 from the next calendar year 2027.
- Total traded volume equaled 38,048 lots which is equivalent to 6.2035 million MWh.
- The daily average traded volume was 1,811.81 lots and total trade volume is down 24.44% from 2024.
- Total Open interest is 98,661 lots, up 1.27% from 2024
- Futures OI = 84,791 (down 7.91%)
- Options OI = 13,870 (up 159.25%)
Contract | Month Open | High | Low | Month Close | Volume | Open Interest |
March Otahuhu | 339.55 | 345.65 | 279.10 | 287.00 | 1212 | 1620 |
March Benmore | 326.25 | 342.15 | 285.10 | 291.80 | 785 | 1213 |
Otahuhu | 362.30 | 365.00 | 286.80 | 309.95 | 1345 | 1264 |
Benmore | 343.20 | 360.90 | 265.10 | 287.65 | 1732 | 1176 |
Q1 2025 Otahuhu | 243.60 | 244.75 | 223.20 | 225.90 | 144 | 4076 |
Q1 2025 Benmore | 224.10 | 229.65 | 210.05 | 212.35 | 104 | 3101 |