Latest Auction Results

Primary March 2025


HAY ➔ BEN (OPT)
2026 Apr 2026 May 2026 Jun 2027 Jan 2027 Feb 2027 Mar
$1.27 $1.44 $1.18 $0.67 $2.31 $1.50
BEN ➔ HAY (OPT)
2026 Apr 2026 May 2026 Jun 2027 Jan 2027 Feb 2027 Mar
$16.93 $15.79 $17.58 $10.50 $29.63 $15.41

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FTR Manager

Auction Notice


March: Primary
Wed, 12, March 2025
12p.m. - 4:30PM
  • Jan 2027
  • Feb 2027
  • Mar 2027
  • Apr 2026
  • May 2026
  • Jun 2026
March: Variation
Wed, 19, March 2025
12p.m. - 4:30PM
  • Apr 2025
  • May 2025
  • Jun 2025
  • Oct 2025
  • Nov 2025
  • Dec 2025
Auction Results available 4pm the following day

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.

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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