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New Zealand electricity

ASX New Zealand electricity futures and options are standardised and centrally cleared financial contracts. They are structured as cash-settled contracts for difference (CFD) against two grid reference nodes (Otahuhu and Benmore) in the New Zealand electricity market.

ASX New Zealand electricity futures and options provide a robust mechanism for companies with interest in or exposure to the New Zealand electricity market to anonymously manage their price and counterparty risks.

New contracts launched - 9th December 2013 - Base Load Monthly Futures, Peak Load Quarterly Futures, Average Rate Options over Base Load Quarterly Futures

For all essential product information please see the Quick Links section on the right of this page.

Types of New Zealand electricity futures and options:

  • Base load futures (Monthly, Quarterly, Strip) 
  • Peak load futures (Quarterly)
  • Average rate options over base load quarterly futures
  • Calendar year strip options over base load quarterly futures

Delayed prices

Contract Futures Options
Base - Monthly Otahuhu | Benmore
Base - Quarterly  Otahuhu | Benmore Otahuhu | Benmore
Base - Strip Otahuhu | Benmore Otahuhu | Benmore
Peak - Quarterly Otahuhu | Benmore

Otahuhu Base load futures

ASX Otahuhu base load futures contracts are based on the price for 1MW of electricity per hour at the Otahuhu grid reference point in the north island of New Zealand.

Otahuhu Base load monthly futures - Commodity Code: ED - Contract specifications
Otahuhu Base load quarterly futures - Commodity Code: EA - Contract specifications
Otahuhu Base load strip futures - Commodity Code: EB - Contract specifications

Otahuhu Peak load futures

ASX Otahuhu Peak load futures contracts are based on the price for 1MW of electricity per hour at the Otahuhu grid reference point in the north island of New Zealand.

Otahuhu Peak load futures - Commodity Code: EC - Contract specifications

Average rate options over Otahuhu Base load quarterly futures

ASX Average rate options are based on Otahuhu base load quarterly futures as the underlying.

Otahuhu Average rate options over Base load quarterly futures - Commodity Code: EA - Contract specifications

Strip options over Otahuhu Base load quarterly futures

ASX strip options are base on four underlying Otahuhu base load quarterly futures contracts covering a calendar year.

Otahuhu strip options over Base load quarterly futures - Commodity Code: EB - Contract specifications

Benmore Base load monthly futures

ASX Benmore base load futures contracts are based on the price for 1MW of electricity per hour at the Benmore grid reference point in the north island of New Zealand.

Benmore Base load monthly futures - Commodity Code: EH - Contract specifications
Benmore base load quarterly futures - Commodity Code: EE - Contract specifications
Benmore base load strip futures - Commodity Code: EF - Contract specifications

Benmore Peak load quarterly futures

ASX Benmore peak load futures contracts are based on the price for 1MW of electricity per hour at the Benmore grid reference point in the north island of New Zealand.

Benmore peak load quarterly futures - Commodity Code: EG - Contract specifications

Average rate options over Benmore Base load futures

ASX options over Otahuhu base load futures are based on quarterly futures contracts as the underlying.

Benmore Average rate options over Base load quarterly futures - Commodity Code: EE - Contract specifications

Strip options over Benmore Base load futures

ASX Benmore base load strips are based on four underlying quarterly futures contracts covering a calendar year.

Benmore strip options over Base load quarterly futures - Commodity Code: EF - Contract specifications