Posted on February 22, 2010

The index fell this month on a volume of only one two-year FPVV contract traded in the lower half of the South Island.  The Energy Link index excludes contracts from EnergyHedge and less than 6 months duration.  After a lot of activity mid year, traded volumes have fallen away since November.

The average 3-year ahead price of EnergyHedge contracts rose sharply over the month and now sits at 8.3c/kWh, just under 11% lower than the index value of 10 c/kWh. Trading in the new Benmore and Otahuhu contracts remains limited over the month so we are not yet showing any of the data.