Submitted on March 22, 2022
The CFD index pushed up again this month, toward the ASX three-year average, but the FPVV index went down slightly on a greater volume (relative to CFDs). So overall, the main index rose by 1.8% to 11.3 c/kWh.
There has been a large rise in ASX futures prices since the announcement by NZ Aluminium Smelters (NZAS), which stated they see a long-term future for the Tiwai Point aluminium smelter. You may expect some increase in 2025, the first year that the smelter would remain open (rather than closing) if NZAS is successful in negotiating new arrangements to stay past 2024.