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New Zealand Electricity Market Wrap
April 2026
- Over the month of April, ASX Otahuhu calendar year 2027 swap price moved down $12.71 to finish the month at $144.98. This is a price separation of -$9.62 from the next calendar year 2028.
- Over the month of April, ASX Benmore calendar year 2027 swap price moved down $9.05 to finish the month at $129.47. This is a price separation of -$9.62 from the next calendar year 2028.
- Total traded volume equaled 68,651 lots which is equivalent to 11.5682 million MWh.
- The daily average traded volume was 3,613.21 lots and total trade volume is up 107.73% from 2025.
- Total Open interest is 154,051 lots, up 71.11% from 2025
- Futures OI = 103,586 (up 31.79%)
- Options OI = 50,465 (up 341.51%)
| Contract | Month Open | High | Low | Month Close | Volume | Open Interest |
| April Otahuhu | 166.00 | 166.00 | 83.65 | 101.65 | 2045 | 1738 |
| April Benmore | 156.15 | 156.15 | 82.70 | 98.40 | 2210 | 1597 |
| Otahuhu | 194.00 | 194.00 | 104.85 | 106.50 | 2505 | 1206 |
| Benmore | 182.50 | 182.50 | 99.40 | 99.40 | 2430 | 968 |
| Q2 2026 Otahuhu | 185.40 | 185.40 | 109.05 | 110.00 | 1915 | 6022 |
| Q2 2026 Benmore | 175.00 | 175.00 | 103.00 | 103.00 | 1772 | 4356 |