Actively manage your risk and exposure
Manage your price risk on the wholesale electricity market through Financial Transmission Rights.
Daily VWAP (Delivered)
$ 18.49 /GJ
▲ 7.74 %
07 Aug
18.59
08 Aug
17.89
09 Aug
17.54
10 Aug
17.80
11 Aug
16.37
12 Aug
17.80
13 Aug
17.70
14 Aug
17.72
15 Aug
18.58
16 Aug
15.32
17 Aug
14.66
18 Aug
17.30
19 Aug
17.16
20 Aug
18.49
FRMI - (Monthly Price Index)
$ 17.77 /GJ
▲ 0.45 %
07 Aug
17.10
08 Aug
17.11
09 Aug
17.15
10 Aug
17.14
11 Aug
17.17
12 Aug
17.27
13 Aug
17.38
14 Aug
17.42
15 Aug
17.51
16 Aug
17.52
17 Aug
17.49
18 Aug
17.62
19 Aug
17.69
20 Aug
17.77
FRQI - (Quarterly Price Index)
$ 14.40 /GJ
▲ 0.48 %
07 Aug
13.35
08 Aug
13.55
09 Aug
13.68
10 Aug
13.80
11 Aug
13.86
12 Aug
13.94
13 Aug
14.05
14 Aug
14.12
15 Aug
14.17
16 Aug
14.19
17 Aug
14.20
18 Aug
14.27
19 Aug
14.34
20 Aug
14.40
Daily Volume (Delivered)
18,520 GJ
▼ 40.83 %
07 Aug
17,475
08 Aug
14,900
09 Aug
16,720
10 Aug
14,040
11 Aug
20,800
12 Aug
27,825
13 Aug
24,010
14 Aug
20,830
15 Aug
12,000
16 Aug
15,500
17 Aug
20,500
18 Aug
20,500
19 Aug
31,300
20 Aug
18,520
BEN ➔ HAY
$ 4.05 /MW
▼ 0.98 %
Sep 26
4.05
Oct 26
4.07
Nov 26
2.76
Dec 26
2.94
Jan 27
1.80
Feb 27
28.64
Mar 27
21.04
Apr 27
4.00
May 27
6.77
Jun 27
6.68
Jul 27
4.89
Aug 27
6.21
Sep 27
5.94
Oct 27
5.07
Average Price
$ 128.60 /MWh
▲ 35.43 %
07 Aug
91.60
08 Aug
78.36
09 Aug
58.51
10 Aug
51.50
11 Aug
98.79
12 Aug
110.68
13 Aug
78.41
14 Aug
51.00
15 Aug
37.21
16 Aug
44.10
17 Aug
93.36
18 Aug
84.32
19 Aug
94.96
20 Aug
128.60
Average Price
$ 145.83 /MWh
▲ 35.44 %
07 Aug
109.39
08 Aug
90.75
09 Aug
65.74
10 Aug
60.67
11 Aug
116.06
12 Aug
128.65
13 Aug
89.27
14 Aug
57.52
15 Aug
40.57
16 Aug
49.27
17 Aug
104.76
18 Aug
96.13
19 Aug
107.67
20 Aug
145.83
Average Price
$ 89.21 /MWh
▲ 10.67 %
07 Aug
80.69
08 Aug
69.06
09 Aug
55.48
10 Aug
43.89
11 Aug
85.16
12 Aug
93.75
13 Aug
64.37
14 Aug
46.90
15 Aug
35.54
16 Aug
42.07
17 Aug
76.12
18 Aug
74.66
19 Aug
80.61
20 Aug
89.21
National Demand
254.3 GW
▼ 0.86 %
06 Aug
284.9
07 Aug
284.5
08 Aug
246.4
09 Aug
235.0
10 Aug
245.5
11 Aug
251.6
13 Aug
242.1
14 Aug
234.7
15 Aug
222.4
16 Aug
234.0
17 Aug
258.2
18 Aug
258.7
19 Aug
256.5
20 Aug
254.3
Daily Volume (Traded)
0 NZU
- 0 %
08 Aug
0
09 Aug
0
10 Aug
560
11 Aug
83
12 Aug
0
13 Aug
2865
14 Aug
0
15 Aug
0
16 Aug
0
17 Aug
0
18 Aug
0
19 Aug
1114
20 Aug
0
21 Aug
0
Daily VWAP (Traded)
$ 0.00 NZU
- 0 %
07 Aug
0.00
08 Aug
0.00
09 Aug
0.00
10 Aug
0.00
11 Aug
0.00
12 Aug
0.00
13 Aug
0.00
14 Aug
0.00
15 Aug
0.00
16 Aug
0.00
17 Aug
0.00
18 Aug
0.00
19 Aug
0.00
20 Aug
0.00
ECMI (Monthly Price Index)
$ 55.08 NZU
▲ 0.19 %
07 Aug
54.68
08 Aug
54.68
09 Aug
54.68
10 Aug
54.71
11 Aug
54.72
12 Aug
54.70
13 Aug
54.74
14 Aug
54.82
15 Aug
54.82
16 Aug
54.87
17 Aug
54.97
18 Aug
54.97
19 Aug
54.97
20 Aug
55.08
ECQI (Quarterly Price Index)
$ 53.43 NZU
▲ 0.44 %
07 Aug
52.99
08 Aug
52.99
09 Aug
52.99
10 Aug
53.02
11 Aug
53.05
12 Aug
53.05
13 Aug
53.06
14 Aug
53.13
15 Aug
53.13
16 Aug
53.13
17 Aug
53.16
18 Aug
53.18
19 Aug
53.19
20 Aug
53.43
37.02 gkWh
▼ 44.85 %
08 Aug
36.90
09 Aug
36.61
10 Aug
33.52
11 Aug
48.11
12 Aug
46.43
13 Aug
39.79
14 Aug
36.73
15 Aug
34.95
16 Aug
33.09
17 Aug
48.92
18 Aug
50.24
19 Aug
51.18
20 Aug
67.13
21 Aug
37.02
97.23 %
▲ 4.16 %
08 Aug
96.27
09 Aug
96.48
10 Aug
96.94
11 Aug
95.12
12 Aug
95.00
13 Aug
95.98
14 Aug
96.63
15 Aug
96.99
16 Aug
97.53
17 Aug
95.16
18 Aug
95.31
19 Aug
94.96
20 Aug
93.35
21 Aug
97.23
Daily VWAP (Delivered)
$ 18.49 /GJ
▲ 7.74 %
FRMI - (Monthly Price Index)
$ 17.77 /GJ
▲ 0.45 %
FRQI - (Quarterly Price Index)
$ 14.40 /GJ
▲ 0.48 %
Daily Volume (Delivered)
18,520 GJ
▼ 40.83 %
BEN ➔ HAY
$ 9.53 /MW
▼ 3.64 %
Average Price
$ 128.60 /MWh
▲ 35.43 %
Average Price
$ 145.83 /MWh
▲ 35.44 %
Average Price
$ 89.21 /MWh
▲ 10.67 %
National Demand
254.3 GW
▼ 0.86 %
Daily Volume (Traded)
0 NZU
- 0 %
Daily VWAP (Traded)
$ 0.00 NZU
- 0 %
ECMI (Monthly Price Index)
$ 55.08 NZU
▲ 0.19 %
ECQI (Quarterly Price Index)
$ 53.43 NZU
▲ 0.44 %
37.02 gkWh
▼ 44.85 %
97.23 %
▲ 4.16 %
07 Aug
18.59
08 Aug
17.89
09 Aug
17.54
10 Aug
17.80
11 Aug
16.37
12 Aug
17.80
13 Aug
17.70
14 Aug
17.72
15 Aug
18.58
16 Aug
15.32
17 Aug
14.66
18 Aug
17.30
19 Aug
17.16
20 Aug
18.49
07 Aug
17.10
08 Aug
17.11
09 Aug
17.15
10 Aug
17.14
11 Aug
17.17
12 Aug
17.27
13 Aug
17.38
14 Aug
17.42
15 Aug
17.51
16 Aug
17.52
17 Aug
17.49
18 Aug
17.62
19 Aug
17.69
20 Aug
17.77
07 Aug
13.35
08 Aug
13.55
09 Aug
13.68
10 Aug
13.80
11 Aug
13.86
12 Aug
13.94
13 Aug
14.05
14 Aug
14.12
15 Aug
14.17
16 Aug
14.19
17 Aug
14.20
18 Aug
14.27
19 Aug
14.34
20 Aug
14.40
07 Aug
17,475
08 Aug
14,900
09 Aug
16,720
10 Aug
14,040
11 Aug
20,800
12 Aug
27,825
13 Aug
24,010
14 Aug
20,830
15 Aug
12,000
16 Aug
15,500
17 Aug
20,500
18 Aug
20,500
19 Aug
31,300
20 Aug
18,520
Sep 26
4.05
Oct 26
4.07
Nov 26
2.76
Dec 26
2.94
Jan 27
1.80
Feb 27
28.64
Mar 27
21.04
Apr 27
4.00
May 27
6.77
Jun 27
6.68
Jul 27
4.89
Aug 27
6.21
Sep 27
5.94
Oct 27
5.07
07 Aug
91.60
08 Aug
78.36
09 Aug
58.51
10 Aug
51.50
11 Aug
98.79
12 Aug
110.68
13 Aug
78.41
14 Aug
51.00
15 Aug
37.21
16 Aug
44.10
17 Aug
93.36
18 Aug
84.32
19 Aug
94.96
20 Aug
128.60
07 Aug
109.39
08 Aug
90.75
09 Aug
65.74
10 Aug
60.67
11 Aug
116.06
12 Aug
128.65
13 Aug
89.27
14 Aug
57.52
15 Aug
40.57
16 Aug
49.27
17 Aug
104.76
18 Aug
96.13
19 Aug
107.67
20 Aug
145.83
07 Aug
80.69
08 Aug
69.06
09 Aug
55.48
10 Aug
43.89
11 Aug
85.16
12 Aug
93.75
13 Aug
64.37
14 Aug
46.90
15 Aug
35.54
16 Aug
42.07
17 Aug
76.12
18 Aug
74.66
19 Aug
80.61
20 Aug
89.21
06 Aug
284.9
07 Aug
284.5
08 Aug
246.4
09 Aug
235.0
10 Aug
245.5
11 Aug
251.6
13 Aug
242.1
14 Aug
234.7
15 Aug
222.4
16 Aug
234.0
17 Aug
258.2
18 Aug
258.7
19 Aug
256.5
20 Aug
254.3
08 Aug
0
09 Aug
0
10 Aug
560
11 Aug
83
12 Aug
0
13 Aug
2865
14 Aug
0
15 Aug
0
16 Aug
0
17 Aug
0
18 Aug
0
19 Aug
1114
20 Aug
0
21 Aug
0
07 Aug
0.00
08 Aug
0.00
09 Aug
0.00
10 Aug
0.00
11 Aug
0.00
12 Aug
0.00
13 Aug
0.00
14 Aug
0.00
15 Aug
0.00
16 Aug
0.00
17 Aug
0.00
18 Aug
0.00
19 Aug
0.00
20 Aug
0.00
07 Aug
54.68
08 Aug
54.68
09 Aug
54.68
10 Aug
54.71
11 Aug
54.72
12 Aug
54.70
13 Aug
54.74
14 Aug
54.82
15 Aug
54.82
16 Aug
54.87
17 Aug
54.97
18 Aug
54.97
19 Aug
54.97
20 Aug
55.08
07 Aug
52.99
08 Aug
52.99
09 Aug
52.99
10 Aug
53.02
11 Aug
53.05
12 Aug
53.05
13 Aug
53.06
14 Aug
53.13
15 Aug
53.13
16 Aug
53.13
17 Aug
53.16
18 Aug
53.18
19 Aug
53.19
20 Aug
53.43
08 Aug
36.90
09 Aug
36.61
10 Aug
33.52
11 Aug
48.11
12 Aug
46.43
13 Aug
39.79
14 Aug
36.73
15 Aug
34.95
16 Aug
33.09
17 Aug
48.92
18 Aug
50.24
19 Aug
51.18
20 Aug
67.13
21 Aug
37.02
08 Aug
96.27
09 Aug
96.48
10 Aug
96.94
11 Aug
95.12
12 Aug
95.00
13 Aug
95.98
14 Aug
96.63
15 Aug
96.99
16 Aug
97.53
17 Aug
95.16
18 Aug
95.31
19 Aug
94.96
20 Aug
93.35
21 Aug
97.23
Latest Auction Results
Variation August 2026
Latest Results
Log in to view all resultsHAY ➔ BEN (OPT)
| 2026 Sep | 2026 Oct | 2026 Nov | 2027 Mar | 2027 Apr | 2027 May |
| $0.14 | $0.17 | $0.21 | $1.84 | $0.59 | $0.84 |
BEN ➔ HAY (OPT)
| 2026 Sep | 2026 Oct | 2026 Nov | 2027 Mar | 2027 Apr | 2027 May |
| $4.05 | $4.07 | $2.76 | $21.04 | $4.00 | $6.77 |
| Product | Hedge type | 2026 Sep | 2026 Oct | 2026 Nov | 2027 Mar | 2027 Apr | 2027 May |
|---|---|---|---|---|---|---|---|
| HAY ➔ BEN | OPT | $0.14 | $0.17 | $0.21 | $1.84 | $0.59 | $0.84 |
| BEN ➔ HAY | OPT | $4.05 | $4.07 | $2.76 | $21.04 | $4.00 | $6.77 |
Total bids awarded
Latest Auction Stats
Select unit
Last updated 11 a.m. 20 Aug 2026
FTR Manager
Auction Notice
August: Primary
Wed, 12, August 2026
12p.m. - 4:30PM
August: Primary
Wed, 12, August 2026
12PM - 4:30PM
- Sep 2028
- Aug 2028
- Jul 2028
- Sep 2027
- Oct 2027
- Nov 2027
August: Variation
Wed, 19, August 2026
12p.m. - 4:30PM
August: Variation
Wed, 19, August 2026
12PM - 4:30PM
- Mar 2027
- Apr 2027
- May 2027
- Sep 2026
- Oct 2026
- Nov 2026
Auction Results available by 4pm the following day
Last updated 11 a.m. 20 Aug 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