Ozzie market trades 12,285,687MWh Posted On: 2010-07-27 Posted by
Press Release
The implied base load Calendar 2011 prices rallied in all Australian states over the last week on the electricity futures market according to operator d-cyphTrade.
South Australia had the largest rise adding 38¢ moving from $45.00 to $45.38 followed by Victoria which increased by 28¢ moving from $37.89 to $38.17.
New South Wales rose 21¢ moving from $41.29 to $41.50 and Queensland moved up 3¢ from $31.74 to $31.77.
Victoria accounted for 35% of the weeks trades and Queensland 33% while New South Wales was not far behing on 32% of trades.
Open interest rose significantly on the week with an overall increase of 1,544 contracts or 3%.
Futures increased by 1,936 contracts or 4% and options increased by 608 contracts or 7%.
Options highlights this week included 55% of the week's trades were in Queenslaned, 37% in New South Wales and 8% in Victoria.
Queensland base load Calendar 2012 $39 calls traded 160MW between 55 and 60¢ while New South Wales base load calendar 2012 $44/$50 call spreads traded 130MW between $1.80 and $1.85.
Implied at-the-money base load 2011 option volatility settled at 13.40% in New South Wales, 11.84% in Victoria, 13.30% in Queensland and 7.50% in South Australia.
Implied at-the-money base load 2012 option volatility settled at 13.28% in New South Wales, 13.71% in Victoria, 11.64% in Queensland and 7.50% in South Australia.
On the weekly volume basis future contracts (including cap futures) numbered 1,893; base futures were 1,564; peak futures numbered 27 and cap futures were 302.
There were 930 calendar options traded (3,720 quarterly equivalent contracts) but no quarterly peak futures.
The total 12,285,687MWh traded this week and open interest (including caps and options) as at close of business on Monday (26/07/2010) was 56,564 contracts (representing 220.7m MWh and a face value of $A8.72bln).
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