Futures and Options trading exceeds 100% of NEM physical demand
In January Electricity Futures & Options traded volume reached a significant milestone of 156% of NEM physical demand (NSW, VIC, QLD & SA ). Total traded volume for the month was a record 12,477 contracts*, which equates to a daily average turnover of 593 contracts*. This turnover represents approximately 26.16 million MWh and has a face value of approximately $1.06 billion. Additionally Open Interest remains near record levels at 25,922 contracts, as at the close of business 31 January.
Futures market transparency & liquidity continues to deliver critical efficiencies for the wider market.
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