Posted on January 20, 2010

The index rose this month on a volume of 5 FPVV contracts traded in all five regions of the grid.  The Energy Link index excludes contracts from EnergyHedge and less than 6 months duration, and this month all 5 contracts traded were 5 year contracts.

The average 3-year ahead price of EnergyHedge contracts rose again over the month and now sits at 7.9c/kWh, just under 21% lower than the index value of 10 c/kWh. Trading in the new Benmore and Otahuhu contracts remained limited over the month, no doubt assisted by a lack of interest during the “summer” holiday season.