Actively manage your risk and exposure
Manage your price risk on the wholesale electricity market through Financial Transmission Rights.
04 Dec
9.05
05 Dec
8.71
06 Dec
9.33
07 Dec
9.41
08 Dec
10.62
09 Dec
11.00
10 Dec
11.49
11 Dec
11.45
12 Dec
11.38
13 Dec
10.66
14 Dec
10.59
15 Dec
11.07
16 Dec
9.05
17 Dec
5.80
04 Dec
10.81
05 Dec
10.62
06 Dec
10.45
07 Dec
10.28
08 Dec
10.18
09 Dec
10.23
10 Dec
10.38
11 Dec
10.39
12 Dec
10.35
13 Dec
10.27
14 Dec
10.24
15 Dec
10.26
16 Dec
10.24
17 Dec
10.03
04 Dec
12.19
05 Dec
12.09
06 Dec
12.03
07 Dec
11.96
08 Dec
11.90
09 Dec
11.87
10 Dec
11.89
11 Dec
11.89
12 Dec
11.84
13 Dec
11.79
14 Dec
11.75
15 Dec
11.72
16 Dec
11.66
17 Dec
11.54
04 Dec
20,110
05 Dec
19,600
06 Dec
19,700
07 Dec
18,830
08 Dec
20,650
09 Dec
24,550
10 Dec
26,380
11 Dec
28,070
12 Dec
23,750
13 Dec
17,670
14 Dec
19,180
15 Dec
12,950
16 Dec
22,650
17 Dec
29,610
Jan 26
3.91
Feb 26
38.71
Mar 26
11.73
Apr 26
14.07
May 26
10.05
Jun 26
10.50
Jul 26
10.08
Aug 26
9.98
Sep 26
9.73
Oct 26
8.00
Nov 26
8.61
Dec 26
6.50
Jan 27
6.01
Feb 27
32.46
04 Dec
2.27
05 Dec
0.68
06 Dec
1.89
07 Dec
8.99
08 Dec
88.91
09 Dec
70.10
10 Dec
78.11
11 Dec
52.42
12 Dec
6.04
13 Dec
7.79
14 Dec
7.44
15 Dec
10.97
16 Dec
6.80
17 Dec
31.78
04 Dec
2.68
05 Dec
0.78
06 Dec
2.14
07 Dec
10.70
08 Dec
109.88
09 Dec
84.25
10 Dec
97.45
11 Dec
62.78
12 Dec
7.28
13 Dec
9.31
14 Dec
8.49
15 Dec
13.90
16 Dec
8.26
17 Dec
37.23
04 Dec
1.21
05 Dec
0.65
06 Dec
1.83
07 Dec
3.94
08 Dec
3.00
09 Dec
27.94
10 Dec
26.02
11 Dec
40.70
12 Dec
2.70
13 Dec
6.68
14 Dec
6.07
15 Dec
2.98
16 Dec
2.74
17 Dec
2.25
04 Dec
212.6
05 Dec
213.3
06 Dec
200.1
07 Dec
200.2
08 Dec
222.7
09 Dec
227.2
10 Dec
228.5
11 Dec
226.7
12 Dec
218.0
13 Dec
200.2
14 Dec
197.0
15 Dec
219.5
16 Dec
222.0
17 Dec
211.0
05 Dec
1900
06 Dec
0
07 Dec
0
08 Dec
750
09 Dec
0
10 Dec
600
11 Dec
825
12 Dec
275
13 Dec
0
14 Dec
0
15 Dec
0
16 Dec
361
17 Dec
250
18 Dec
0
04 Dec
0.00
05 Dec
0.00
06 Dec
0.00
07 Dec
0.00
08 Dec
0.00
09 Dec
0.00
10 Dec
0.00
11 Dec
0.00
12 Dec
0.00
13 Dec
0.00
14 Dec
0.00
15 Dec
0.00
16 Dec
0.00
17 Dec
0.00
04 Dec
45.63
05 Dec
45.63
06 Dec
45.12
07 Dec
44.79
08 Dec
43.44
09 Dec
43.13
10 Dec
42.92
11 Dec
42.92
12 Dec
42.76
13 Dec
42.76
14 Dec
42.73
15 Dec
41.87
16 Dec
41.81
17 Dec
41.81
04 Dec
54.74
05 Dec
54.74
06 Dec
54.63
07 Dec
54.63
08 Dec
54.63
09 Dec
54.24
10 Dec
54.05
11 Dec
53.82
12 Dec
53.59
13 Dec
53.49
14 Dec
53.49
15 Dec
53.30
16 Dec
53.19
17 Dec
53.15
05 Dec
18.36
06 Dec
16.64
07 Dec
15.26
08 Dec
23.90
09 Dec
42.20
10 Dec
29.86
11 Dec
29.87
12 Dec
20.63
13 Dec
16.12
14 Dec
16.49
15 Dec
19.95
16 Dec
23.58
17 Dec
28.91
18 Dec
28.91
05 Dec
98.15
06 Dec
98.49
07 Dec
98.64
08 Dec
97.26
09 Dec
94.77
10 Dec
95.72
11 Dec
95.88
12 Dec
97.52
13 Dec
98.56
14 Dec
98.18
15 Dec
97.63
16 Dec
97.76
17 Dec
97.68
18 Dec
97.70
Latest Results
Log in to view all resultsHAY ➔ BEN (OPT)
| 2026 Jan | 2026 Feb | 2026 Mar | 2026 Jul | 2026 Aug | 2026 Sep |
| $0.17 | $2.24 | $1.42 | $1.05 | $0.99 | $0.90 |
BEN ➔ HAY (OPT)
| 2026 Jan | 2026 Feb | 2026 Mar | 2026 Jul | 2026 Aug | 2026 Sep |
| $3.91 | $38.71 | $11.73 | $10.08 | $9.98 | $9.73 |
Total bids awarded
Latest Auction Stats
Select unit
Last updated 11 a.m. 18 Dec 2025
December: Primary
Wed, 10, December 2025
12p.m. - 4:30PM
December: Primary
Wed, 10, December 2025
12PM - 4:30PM
- Dec 2027
- Nov 2027
- Oct 2027
- Mar 2027
- Feb 2027
- Jan 2027
December: Variation
Wed, 17, December 2025
12p.m. - 4:30PM
December: Variation
Wed, 17, December 2025
12PM - 4:30PM
- Sep 2026
- Aug 2026
- Jul 2026
- Mar 2026
- Feb 2026
- Jan 2026
Auction Results available by 4pm the following day
Last updated 11 a.m. 18 Dec 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