Actively manage your risk and exposure
Manage your price risk on the wholesale electricity market through Financial Transmission Rights.
24 Feb
9.73
25 Feb
10.99
26 Feb
11.09
27 Feb
10.13
28 Feb
7.20
01 Mar
6.43
02 Mar
9.67
03 Mar
10.31
04 Mar
11.80
05 Mar
7.53
06 Mar
8.26
07 Mar
8.57
08 Mar
9.78
09 Mar
11.76
24 Feb
8.99
25 Feb
9.30
26 Feb
9.42
27 Feb
9.53
28 Feb
9.59
01 Mar
9.17
02 Mar
9.25
03 Mar
9.45
04 Mar
9.72
05 Mar
9.55
06 Mar
9.52
07 Mar
9.48
08 Mar
9.49
09 Mar
9.58
24 Feb
8.82
25 Feb
8.83
26 Feb
8.83
27 Feb
8.82
28 Feb
8.80
01 Mar
8.77
02 Mar
8.76
03 Mar
8.76
04 Mar
8.78
05 Mar
8.76
06 Mar
8.75
07 Mar
8.74
08 Mar
8.72
09 Mar
8.70
24 Feb
7,420
25 Feb
6,750
26 Feb
5,550
27 Feb
4,950
28 Feb
13,920
01 Mar
13,820
02 Mar
4,185
03 Mar
9,650
04 Mar
8,470
05 Mar
21,150
06 Mar
4,690
07 Mar
10,140
08 Mar
18,620
09 Mar
9,350
Apr 26
8.26
May 26
6.30
Jun 26
10.50
Jul 26
10.08
Aug 26
7.68
Sep 26
3.92
Oct 26
4.23
Nov 26
6.64
Dec 26
6.50
Jan 27
6.01
Feb 27
32.90
Mar 27
16.27
Apr 27
7.05
May 27
8.17
23 Feb
78.94
24 Feb
67.61
25 Feb
92.19
26 Feb
92.15
27 Feb
93.90
28 Feb
59.18
01 Mar
73.93
02 Mar
83.23
03 Mar
114.63
04 Mar
120.67
05 Mar
100.71
06 Mar
70.05
07 Mar
84.31
08 Mar
69.79
23 Feb
82.37
24 Feb
72.54
25 Feb
99.17
26 Feb
98.74
27 Feb
99.38
28 Feb
61.06
01 Mar
75.87
02 Mar
84.90
03 Mar
117.55
04 Mar
127.63
05 Mar
111.30
06 Mar
76.39
07 Mar
87.89
08 Mar
73.42
23 Feb
62.02
24 Feb
60.74
25 Feb
71.78
26 Feb
89.90
27 Feb
86.54
28 Feb
61.09
01 Mar
86.11
02 Mar
90.16
03 Mar
112.76
04 Mar
115.64
05 Mar
97.29
06 Mar
69.22
07 Mar
83.10
08 Mar
69.60
24 Feb
212.1
25 Feb
215.3
26 Feb
218.7
27 Feb
213.7
28 Feb
192.2
01 Mar
193.6
02 Mar
215.9
03 Mar
220.0
04 Mar
213.6
05 Mar
213.3
06 Mar
210.4
07 Mar
194.0
08 Mar
193.0
09 Mar
214.8
25 Feb
300
26 Feb
0
27 Feb
0
28 Feb
0
01 Mar
0
02 Mar
300
03 Mar
0
04 Mar
0
05 Mar
2102
06 Mar
983
07 Mar
0
08 Mar
100
09 Mar
1500
10 Mar
0
24 Feb
0.00
25 Feb
0.00
26 Feb
0.00
27 Feb
0.00
28 Feb
0.00
01 Mar
0.00
02 Mar
0.00
03 Mar
0.00
04 Mar
0.00
05 Mar
0.00
06 Mar
0.00
07 Mar
0.00
08 Mar
0.00
09 Mar
0.00
24 Feb
39.62
25 Feb
39.77
26 Feb
40.23
27 Feb
40.57
28 Feb
40.57
01 Mar
40.37
02 Mar
40.57
03 Mar
40.57
04 Mar
40.69
05 Mar
40.76
06 Mar
40.83
07 Mar
41.04
08 Mar
41.06
09 Mar
41.37
24 Feb
38.56
25 Feb
38.61
26 Feb
38.57
27 Feb
38.64
28 Feb
38.64
01 Mar
38.56
02 Mar
38.56
03 Mar
38.56
04 Mar
38.64
05 Mar
38.64
06 Mar
38.64
07 Mar
38.64
08 Mar
38.64
09 Mar
38.77
25 Feb
55.65
26 Feb
50.73
27 Feb
51.94
28 Feb
45.22
01 Mar
45.78
02 Mar
44.67
03 Mar
42.96
04 Mar
45.99
05 Mar
46.21
06 Mar
42.75
07 Mar
44.99
08 Mar
41.53
09 Mar
43.80
10 Mar
37.07
25 Feb
94.42
26 Feb
95.71
27 Feb
94.87
28 Feb
96.09
01 Mar
95.87
02 Mar
95.55
03 Mar
95.67
04 Mar
95.24
05 Mar
95.23
06 Mar
95.84
07 Mar
95.71
08 Mar
95.97
09 Mar
95.24
10 Mar
97.06
Latest Results
Log in to view all resultsHAY ➔ BEN (OPT)
| 2026 Mar | 2026 Apr | 2026 May | 2026 Sep | 2026 Oct | 2026 Nov |
| $0.33 | $0.55 | $1.23 | $0.59 | $0.55 | $0.53 |
BEN ➔ HAY (OPT)
| 2026 Mar | 2026 Apr | 2026 May | 2026 Sep | 2026 Oct | 2026 Nov |
| $4.99 | $8.26 | $6.30 | $3.92 | $4.23 | $6.64 |
Total bids awarded
Latest Auction Stats
Select unit
Last updated 2 p.m. 20 Feb 2026
March: Primary
Wed, 11, March 2026
12p.m. - 4:30PM
March: Primary
Wed, 11, March 2026
12PM - 4:30PM
- Mar 2028
- Feb 2028
- Jan 2028
- Jun 2027
- May 2027
- Apr 2027
March: Variation
Wed, 18, March 2026
12p.m. - 4:30PM
March: Variation
Wed, 18, March 2026
12PM - 4:30PM
- Dec 2026
- Nov 2026
- Oct 2026
- Jun 2026
- May 2026
- Apr 2026
Auction Results available by 4pm the following day
Last updated 2 p.m. 20 Feb 2026
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