Actively manage your risk and exposure
Manage your price risk on the wholesale electricity market through Financial Transmission Rights.
12 Mar
15.10
13 Mar
14.06
14 Mar
13.24
15 Mar
12.46
16 Mar
12.74
17 Mar
12.71
18 Mar
12.66
19 Mar
14.44
20 Mar
15.55
21 Mar
12.85
22 Mar
13.18
23 Mar
14.53
24 Mar
14.67
25 Mar
15.09
12 Mar
10.32
13 Mar
10.46
14 Mar
10.43
15 Mar
10.33
16 Mar
10.43
17 Mar
10.53
18 Mar
10.64
19 Mar
10.59
20 Mar
10.67
21 Mar
10.69
22 Mar
10.76
23 Mar
10.95
24 Mar
11.17
25 Mar
11.46
12 Mar
8.63
13 Mar
8.65
14 Mar
8.65
15 Mar
8.66
16 Mar
8.70
17 Mar
8.82
18 Mar
8.84
19 Mar
8.84
20 Mar
8.88
21 Mar
8.90
22 Mar
8.93
23 Mar
8.97
24 Mar
9.03
25 Mar
9.07
12 Mar
10,200
13 Mar
11,720
14 Mar
13,260
15 Mar
14,980
16 Mar
15,740
17 Mar
13,690
18 Mar
9,880
19 Mar
3,680
20 Mar
4,850
21 Mar
10,360
22 Mar
11,025
23 Mar
9,750
24 Mar
11,180
25 Mar
7,950
Apr 26
4.11
May 26
1.59
Jun 26
1.90
Jul 26
10.08
Aug 26
7.68
Sep 26
3.92
Oct 26
3.78
Nov 26
2.92
Dec 26
5.60
Jan 27
6.01
Feb 27
32.90
Mar 27
16.27
Apr 27
6.53
May 27
7.35
12 Mar
144.90
13 Mar
156.23
14 Mar
136.60
15 Mar
155.19
16 Mar
161.05
17 Mar
182.81
18 Mar
207.29
19 Mar
191.01
20 Mar
197.41
21 Mar
194.02
22 Mar
185.79
23 Mar
157.82
24 Mar
182.91
25 Mar
202.90
12 Mar
159.22
13 Mar
170.07
14 Mar
142.78
15 Mar
158.83
16 Mar
172.04
17 Mar
196.29
18 Mar
224.22
19 Mar
201.19
20 Mar
206.10
21 Mar
196.47
22 Mar
186.40
23 Mar
165.43
24 Mar
190.14
25 Mar
210.34
12 Mar
138.86
13 Mar
151.23
14 Mar
133.80
15 Mar
151.31
16 Mar
157.10
17 Mar
176.00
18 Mar
201.24
19 Mar
187.20
20 Mar
192.67
21 Mar
190.41
22 Mar
182.04
23 Mar
154.07
24 Mar
178.44
25 Mar
197.89
12 Mar
217.5
13 Mar
220.7
14 Mar
198.8
15 Mar
193.1
16 Mar
214.7
17 Mar
219.0
18 Mar
221.0
19 Mar
222.1
20 Mar
221.2
21 Mar
201.9
22 Mar
198.4
23 Mar
216.9
24 Mar
219.6
25 Mar
222.0
13 Mar
1044
14 Mar
0
15 Mar
0
16 Mar
1130
17 Mar
0
18 Mar
963
19 Mar
600
20 Mar
250
21 Mar
0
22 Mar
0
23 Mar
250
24 Mar
287
25 Mar
364
26 Mar
0
12 Mar
0.00
13 Mar
0.00
14 Mar
0.00
15 Mar
0.00
16 Mar
0.00
17 Mar
0.00
18 Mar
0.00
19 Mar
0.00
20 Mar
0.00
21 Mar
0.00
22 Mar
0.00
23 Mar
0.00
24 Mar
0.00
25 Mar
0.00
12 Mar
42.50
13 Mar
43.20
14 Mar
43.61
15 Mar
44.19
16 Mar
44.33
17 Mar
44.30
18 Mar
44.15
19 Mar
44.16
20 Mar
43.88
21 Mar
43.91
22 Mar
44.05
23 Mar
43.92
24 Mar
43.85
25 Mar
43.78
12 Mar
39.20
13 Mar
39.27
14 Mar
39.27
15 Mar
39.26
16 Mar
39.26
17 Mar
39.39
18 Mar
39.48
19 Mar
39.49
20 Mar
39.50
21 Mar
39.50
22 Mar
39.50
23 Mar
39.52
24 Mar
39.53
25 Mar
39.53
13 Mar
66.66
14 Mar
58.07
15 Mar
64.49
16 Mar
67.67
17 Mar
77.96
18 Mar
82.04
19 Mar
83.71
20 Mar
82.95
21 Mar
83.37
22 Mar
95.19
23 Mar
98.24
24 Mar
96.18
25 Mar
93.13
26 Mar
77.65
13 Mar
91.83
14 Mar
93.33
15 Mar
92.63
16 Mar
91.98
17 Mar
90.41
18 Mar
89.97
19 Mar
89.42
20 Mar
90.03
21 Mar
90.34
22 Mar
88.80
23 Mar
88.16
24 Mar
88.61
25 Mar
87.81
26 Mar
88.88
Latest Results
Log in to view all resultsHAY ➔ BEN (OPT)
| 2026 Apr | 2026 May | 2026 Jun | 2026 Oct | 2026 Nov | 2026 Dec |
| $0.75 | $1.50 | $1.36 | $0.34 | $0.33 | $0.35 |
BEN ➔ HAY (OPT)
| 2026 Apr | 2026 May | 2026 Jun | 2026 Oct | 2026 Nov | 2026 Dec |
| $4.11 | $1.59 | $1.90 | $3.78 | $2.92 | $5.60 |
Total bids awarded
Latest Auction Stats
Select unit
Last updated 11 a.m. 26 Mar 2026
April: Primary
Wed, 15, April 2026
12p.m. - 4:30PM
April: Primary
Wed, 15, April 2026
12PM - 4:30PM
- Apr 2028
- May 2028
- Jun 2028
- May 2027
- Jun 2027
- Jul 2027
April: Variation
Wed, 22, April 2026
12p.m. - 4:30PM
April: Variation
Wed, 22, April 2026
12PM - 4:30PM
- Jan 2027
- Dec 2026
- Nov 2026
- May 2026
- Jun 2026
- Jul 2026
Auction Results available by 4pm the following day
Last updated 11 a.m. 26 Mar 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