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New Zealand Electricity Market Wrap
April 2025
- Over the month of April, ASX Otahuhu calendar year 2026 swap price moved up $9.75 to finish the month at $209.06. This is a price separation of -$22.50 from the next calendar year 2027.
- Over the month of April, ASX Benmore calendar year 2026 swap price moved up $14.26 to finish the month at $179.65. This is a price separation of -$18.16 from the next calendar year 2027.
- Total traded volume equaled 33,048 lots which is equivalent to 5.3182 million MWh.
- The daily average traded volume was 1,739.37 lots and total trade volume is down 28.34% from 2024.
- Total Open interest is 90,032 lots, up 3.98% from 2024
- Futures OI = 78,602 (down 6.58%)
- Options OI = 11,430 (up 366.53%)
Contract | Month Open | High | Low | Month Close | Volume | Open Interest |
April Otahuhu | 310.50 | 377.70 | 310.50 | 319.60 | 898 | 1202 |
April Benmore | 292.45 | 383.00 | 292.45 | 324.55 | 1061 | 1086 |
Otahuhu | 317.40 | 390.00 | 317.40 | 356.00 | 1241 | 993 |
Benmore | 300.40 | 388.20 | 300.40 | 356.00 | 1141 | 974 |
Q2 2025 Otahuhu | 312.45 | 382.40 | 312.45 | 344.25 | 895 | 5396 |
Q2 2025 Benmore | 296.00 | 381.30 | 296.00 | 342.50 | 1142 | 3575 |