Actively manage your risk and exposure
Manage your price risk on the wholesale electricity market through Financial Transmission Rights.
Daily VWAP (Delivered)
$ 12.39 /GJ
▲ 7.51 %
08 Jan
8.06
09 Jan
8.31
10 Jan
8.18
11 Jan
8.44
12 Jan
8.55
13 Jan
9.58
14 Jan
9.41
15 Jan
9.65
16 Jan
9.45
17 Jan
10.16
18 Jan
10.83
19 Jan
10.84
20 Jan
11.52
21 Jan
12.39
FRMI - (Monthly Price Index)
$ 8.72 /GJ
▲ 1.47 %
08 Jan
8.04
09 Jan
8.12
10 Jan
8.17
11 Jan
8.21
12 Jan
8.18
13 Jan
8.23
14 Jan
8.27
15 Jan
8.31
16 Jan
8.31
17 Jan
8.37
18 Jan
8.49
19 Jan
8.59
20 Jan
8.59
21 Jan
8.72
FRQI - (Quarterly Price Index)
$ 8.14 /GJ
▲ 0.22 %
08 Jan
8.21
09 Jan
8.21
10 Jan
8.19
11 Jan
8.19
12 Jan
8.12
13 Jan
8.12
14 Jan
8.10
15 Jan
8.09
16 Jan
8.07
17 Jan
8.07
18 Jan
8.12
19 Jan
8.13
20 Jan
8.12
21 Jan
8.14
Daily Volume (Delivered)
12,880 GJ
▲ 189.11 %
08 Jan
10,781
09 Jan
10,180
10 Jan
16,571
11 Jan
9,710
12 Jan
11,540
13 Jan
23,595
14 Jan
18,560
15 Jan
15,775
16 Jan
14,400
17 Jan
19,260
18 Jan
24,840
19 Jan
23,470
20 Jan
4,455
21 Jan
12,880
Carbon emissions index
123.29
▼ 0.01 %
12 Oct
123.33
13 Oct
123.32
14 Oct
123.28
15 Oct
123.27
16 Oct
123.28
17 Oct
123.29
18 Oct
123.26
19 Oct
123.32
20 Oct
123.30
21 Oct
123.29
22 Oct
123.30
23 Oct
123.29
24 Oct
123.30
25 Oct
123.29
HAY ➔ BEN
$ 8.52 /MW
▲ 2740.0 %
Feb 25
8.52
Mar 25
1.80
Apr 25
1.43
May 25
0.93
Jun 25
0.97
Jul 25
1.14
Aug 25
1.13
Sep 25
0.94
Oct 25
1.15
Nov 25
0.82
Dec 25
0.68
Jan 26
0.66
Feb 26
2.43
Mar 26
1.50
BEN ➔ HAY
$ 31.90 /MW
▲ 403.95 %
Feb 25
31.90
Mar 25
24.42
Apr 25
7.85
May 25
8.29
Jun 25
12.08
Jul 25
14.21
Aug 25
14.47
Sep 25
13.92
Oct 25
10.39
Nov 25
11.09
Dec 25
9.15
Jan 26
9.38
Feb 26
30.87
Mar 26
18.03
Average Price
$ 153.73 /MWh
▲ 6.66 %
07 Jan
15.43
08 Jan
58.88
09 Jan
85.89
10 Jan
89.72
11 Jan
73.36
12 Jan
57.66
13 Jan
138.25
14 Jan
149.39
15 Jan
141.62
16 Jan
129.51
17 Jan
151.79
18 Jan
158.24
19 Jan
144.13
20 Jan
153.73
Average Price
$ 168.49 /MWh
▲ 10.45 %
07 Jan
17.75
08 Jan
68.56
09 Jan
100.89
10 Jan
104.06
11 Jan
80.32
12 Jan
62.23
13 Jan
151.79
14 Jan
162.87
15 Jan
157.50
16 Jan
147.63
17 Jan
171.28
18 Jan
171.42
19 Jan
152.55
20 Jan
168.49
Average Price
$ 149.27 /MWh
▲ 5.81 %
07 Jan
11.92
08 Jan
55.27
09 Jan
76.79
10 Jan
80.15
11 Jan
70.80
12 Jan
56.54
13 Jan
132.88
14 Jan
143.14
15 Jan
135.40
16 Jan
122.82
17 Jan
144.11
18 Jan
153.28
19 Jan
141.08
20 Jan
149.27
National Demand
214.4 GW
▲ 3.57 %
08 Jan
198.3
09 Jan
198.6
10 Jan
195.6
11 Jan
183.7
12 Jan
180.5
13 Jan
199.4
14 Jan
203.9
15 Jan
208.1
16 Jan
208.1
17 Jan
208.1
18 Jan
190.4
19 Jan
187.7
20 Jan
207.0
21 Jan
214.4
Daily Volume (Traded)
0 NZU
▼ 100.0 %
09 Jan
19772
10 Jan
200
11 Jan
0
12 Jan
0
13 Jan
1775
14 Jan
1613
15 Jan
0
16 Jan
8749
17 Jan
997
18 Jan
0
19 Jan
0
20 Jan
1517
21 Jan
3776
22 Jan
0
Daily VWAP (Traded)
$ 0.00 NZU
- 0 %
08 Jan
0.00
09 Jan
62.30
10 Jan
0.00
11 Jan
0.00
12 Jan
0.00
13 Jan
0.00
14 Jan
0.00
15 Jan
0.00
16 Jan
0.00
17 Jan
0.00
18 Jan
0.00
19 Jan
0.00
20 Jan
0.00
21 Jan
0.00
ECMI (Monthly Price Index)
$ 62.60 NZU
▲ 0.2 %
08 Jan
62.00
09 Jan
62.11
10 Jan
62.16
11 Jan
62.67
12 Jan
62.67
13 Jan
62.47
14 Jan
62.47
15 Jan
62.44
16 Jan
62.48
17 Jan
62.48
18 Jan
62.50
19 Jan
62.47
20 Jan
62.47
21 Jan
62.60
ECQI (Quarterly Price Index)
$ 62.87 NZU
▲ 0.03 %
08 Jan
63.00
09 Jan
62.99
10 Jan
62.99
11 Jan
62.99
12 Jan
63.00
13 Jan
62.86
14 Jan
62.86
15 Jan
62.85
16 Jan
62.86
17 Jan
62.86
18 Jan
62.86
19 Jan
62.85
20 Jan
62.85
21 Jan
62.87
68.64 gkWh
▼ 25.81 %
09 Jan
36.44
10 Jan
38.99
11 Jan
38.51
12 Jan
44.16
13 Jan
57.98
14 Jan
87.29
15 Jan
89.94
16 Jan
79.28
17 Jan
84.28
18 Jan
68.71
19 Jan
58.08
20 Jan
72.50
21 Jan
92.52
22 Jan
68.64
89.67 %
▲ 4.84 %
09 Jan
96.91
10 Jan
96.56
11 Jan
96.50
12 Jan
95.66
13 Jan
92.33
14 Jan
87.95
15 Jan
87.64
16 Jan
88.12
17 Jan
87.22
18 Jan
88.21
19 Jan
91.33
20 Jan
88.13
21 Jan
85.53
22 Jan
89.67
Daily VWAP (Delivered)
$ 12.39 /GJ
▲ 7.51 %
FRMI - (Monthly Price Index)
$ 8.72 /GJ
▲ 1.47 %
FRQI - (Quarterly Price Index)
$ 8.14 /GJ
▲ 0.22 %
Daily Volume (Delivered)
12,880 GJ
▲ 189.11 %
Carbon emissions index
123.29
▼ 0.01 %
HAY ➔ BEN
$ 0.79 /MW
▼ 5.95 %
BEN ➔ HAY
$ 9.53 /MW
▼ 3.64 %
Average Price
$ 153.73 /MWh
▲ 6.66 %
Average Price
$ 168.49 /MWh
▲ 10.45 %
Average Price
$ 149.27 /MWh
▲ 5.81 %
National Demand
214.4 GW
▲ 3.57 %
Daily Volume (Traded)
0 NZU
▼ 100.0 %
Daily VWAP (Traded)
$ 0.00 NZU
- 0 %
ECMI (Monthly Price Index)
$ 62.60 NZU
▲ 0.2 %
ECQI (Quarterly Price Index)
$ 62.87 NZU
▲ 0.03 %
68.64 gkWh
▼ 25.81 %
89.67 %
▲ 4.84 %
08 Jan
8.06
09 Jan
8.31
10 Jan
8.18
11 Jan
8.44
12 Jan
8.55
13 Jan
9.58
14 Jan
9.41
15 Jan
9.65
16 Jan
9.45
17 Jan
10.16
18 Jan
10.83
19 Jan
10.84
20 Jan
11.52
21 Jan
12.39
08 Jan
8.04
09 Jan
8.12
10 Jan
8.17
11 Jan
8.21
12 Jan
8.18
13 Jan
8.23
14 Jan
8.27
15 Jan
8.31
16 Jan
8.31
17 Jan
8.37
18 Jan
8.49
19 Jan
8.59
20 Jan
8.59
21 Jan
8.72
08 Jan
8.21
09 Jan
8.21
10 Jan
8.19
11 Jan
8.19
12 Jan
8.12
13 Jan
8.12
14 Jan
8.10
15 Jan
8.09
16 Jan
8.07
17 Jan
8.07
18 Jan
8.12
19 Jan
8.13
20 Jan
8.12
21 Jan
8.14
08 Jan
10,781
09 Jan
10,180
10 Jan
16,571
11 Jan
9,710
12 Jan
11,540
13 Jan
23,595
14 Jan
18,560
15 Jan
15,775
16 Jan
14,400
17 Jan
19,260
18 Jan
24,840
19 Jan
23,470
20 Jan
4,455
21 Jan
12,880
12 Oct
123.33
13 Oct
123.32
14 Oct
123.28
15 Oct
123.27
16 Oct
123.28
17 Oct
123.29
18 Oct
123.26
19 Oct
123.32
20 Oct
123.30
21 Oct
123.29
22 Oct
123.30
23 Oct
123.29
24 Oct
123.30
25 Oct
123.29
Feb 25
8.52
Mar 25
1.80
Apr 25
1.43
May 25
0.93
Jun 25
0.97
Jul 25
1.14
Aug 25
1.13
Sep 25
0.94
Oct 25
1.15
Nov 25
0.82
Dec 25
0.68
Jan 26
0.66
Feb 26
2.43
Mar 26
1.50
Feb 25
31.90
Mar 25
24.42
Apr 25
7.85
May 25
8.29
Jun 25
12.08
Jul 25
14.21
Aug 25
14.47
Sep 25
13.92
Oct 25
10.39
Nov 25
11.09
Dec 25
9.15
Jan 26
9.38
Feb 26
30.87
Mar 26
18.03
07 Jan
15.43
08 Jan
58.88
09 Jan
85.89
10 Jan
89.72
11 Jan
73.36
12 Jan
57.66
13 Jan
138.25
14 Jan
149.39
15 Jan
141.62
16 Jan
129.51
17 Jan
151.79
18 Jan
158.24
19 Jan
144.13
20 Jan
153.73
07 Jan
17.75
08 Jan
68.56
09 Jan
100.89
10 Jan
104.06
11 Jan
80.32
12 Jan
62.23
13 Jan
151.79
14 Jan
162.87
15 Jan
157.50
16 Jan
147.63
17 Jan
171.28
18 Jan
171.42
19 Jan
152.55
20 Jan
168.49
07 Jan
11.92
08 Jan
55.27
09 Jan
76.79
10 Jan
80.15
11 Jan
70.80
12 Jan
56.54
13 Jan
132.88
14 Jan
143.14
15 Jan
135.40
16 Jan
122.82
17 Jan
144.11
18 Jan
153.28
19 Jan
141.08
20 Jan
149.27
08 Jan
198.3
09 Jan
198.6
10 Jan
195.6
11 Jan
183.7
12 Jan
180.5
13 Jan
199.4
14 Jan
203.9
15 Jan
208.1
16 Jan
208.1
17 Jan
208.1
18 Jan
190.4
19 Jan
187.7
20 Jan
207.0
21 Jan
214.4
09 Jan
19772
10 Jan
200
11 Jan
0
12 Jan
0
13 Jan
1775
14 Jan
1613
15 Jan
0
16 Jan
8749
17 Jan
997
18 Jan
0
19 Jan
0
20 Jan
1517
21 Jan
3776
22 Jan
0
08 Jan
0.00
09 Jan
62.30
10 Jan
0.00
11 Jan
0.00
12 Jan
0.00
13 Jan
0.00
14 Jan
0.00
15 Jan
0.00
16 Jan
0.00
17 Jan
0.00
18 Jan
0.00
19 Jan
0.00
20 Jan
0.00
21 Jan
0.00
08 Jan
62.00
09 Jan
62.11
10 Jan
62.16
11 Jan
62.67
12 Jan
62.67
13 Jan
62.47
14 Jan
62.47
15 Jan
62.44
16 Jan
62.48
17 Jan
62.48
18 Jan
62.50
19 Jan
62.47
20 Jan
62.47
21 Jan
62.60
08 Jan
63.00
09 Jan
62.99
10 Jan
62.99
11 Jan
62.99
12 Jan
63.00
13 Jan
62.86
14 Jan
62.86
15 Jan
62.85
16 Jan
62.86
17 Jan
62.86
18 Jan
62.86
19 Jan
62.85
20 Jan
62.85
21 Jan
62.87
09 Jan
36.44
10 Jan
38.99
11 Jan
38.51
12 Jan
44.16
13 Jan
57.98
14 Jan
87.29
15 Jan
89.94
16 Jan
79.28
17 Jan
84.28
18 Jan
68.71
19 Jan
58.08
20 Jan
72.50
21 Jan
92.52
22 Jan
68.64
09 Jan
96.91
10 Jan
96.56
11 Jan
96.50
12 Jan
95.66
13 Jan
92.33
14 Jan
87.95
15 Jan
87.64
16 Jan
88.12
17 Jan
87.22
18 Jan
88.21
19 Jan
91.33
20 Jan
88.13
21 Jan
85.53
22 Jan
89.67
Latest Auction Results
Primary January 2025
Latest Results
Log in to view all resultsHAY ➔ BEN (OPT)
2026 Feb | 2026 Mar | 2026 Apr | 2027 Jan | 2027 Feb | 2027 Mar |
$2.43 | $1.50 | $0.78 | $0.65 | $2.82 | $1.67 |
BEN ➔ HAY (OPT)
2026 Feb | 2026 Mar | 2026 Apr | 2027 Jan | 2027 Feb | 2027 Mar |
$30.87 | $18.03 | $17.25 | $14.41 | $29.31 | $20.32 |
Product | Hedge type | 2026 Feb | 2026 Mar | 2026 Apr | 2027 Jan | 2027 Feb | 2027 Mar |
---|---|---|---|---|---|---|---|
HAY ➔ BEN | OPT | $2.43 | $1.50 | $0.78 | $0.65 | $2.82 | $1.67 |
BEN ➔ HAY | OPT | $30.87 | $18.03 | $17.25 | $14.41 | $29.31 | $20.32 |
Total bids awarded
Latest Auction Stats
Select unit
Last updated 11 a.m. 16 Jan 2025
FTR Manager
Auction Notice
January: Primary
Wed, 15, January 2025
12p.m. - 4:30PM
January: Primary
Wed, 15, January 2025
12PM - 4:30PM
- Jan 2027
- Feb 2027
- Mar 2027
- Feb 2026
- Mar 2026
- Apr 2026
January: Variation
Wed, 22, January 2025
12p.m. - 4:30PM
January: Variation
Wed, 22, January 2025
12PM - 4:30PM
- Feb 2025
- Mar 2025
- Apr 2025
- Aug 2025
- Sep 2025
- Oct 2025
Auction Results available 4pm the following day
Last updated 11 a.m. 16 Jan 2025
The FTR market commenced in 2013, following significant industry consultation and development of Code requirements.
Energy Market Services was appointed by the Electricity Authority as the FTR Manager Service Provider to implement the FTR auction system and operate the market.
BENEFITS FOR YOUR BUSINESS:
- manage locational price risk in a nodal market
- manage your future risk out to 26 months
- manage locational price risk associated with traditional hedge products
- underwrite or support other risk management products
- a portfolio of FTRs can offset NZX prudential requirements
- expand your retail business to new geographic areas
- participation is free
- monthly auctions