Information paper: Hedge market performance and project update
The hedge market has continued to show progress since the last information paper was released in June 2012.
Unmatched open interest on the ASX NZ electricity futures market has remained above 2,000 GWh and 2,020 GWh of futures traded in October 2012. This is the largest volume of trades in a single month since the futures market began, and is equivalent to approximately 59% of the physical electricity market.
This information paper outlines recent market developments, and the Authority's approach and ongoing commitment to further improving activity in the market and encouraging a broader range of participants to get involved.