Actively manage your risk and exposure
Manage your price risk on the wholesale electricity market through Financial Transmission Rights.
01 Mar
20.70
02 Mar
20.81
03 Mar
18.91
04 Mar
19.27
05 Mar
19.16
06 Mar
18.95
07 Mar
19.44
08 Mar
18.63
09 Mar
18.66
10 Mar
18.92
11 Mar
19.03
12 Mar
18.85
13 Mar
18.16
14 Mar
18.21
01 Mar
15.71
02 Mar
16.10
03 Mar
16.33
04 Mar
16.50
05 Mar
16.64
06 Mar
16.82
07 Mar
17.07
08 Mar
17.13
09 Mar
17.74
10 Mar
18.13
11 Mar
18.19
12 Mar
18.22
13 Mar
18.26
14 Mar
18.28
01 Mar
9.96
02 Mar
10.08
03 Mar
10.28
04 Mar
10.40
05 Mar
10.55
06 Mar
10.72
07 Mar
10.86
08 Mar
11.02
09 Mar
11.21
10 Mar
11.32
11 Mar
11.47
12 Mar
11.61
13 Mar
11.72
14 Mar
11.80
01 Mar
3,370
02 Mar
7,900
03 Mar
11,540
04 Mar
10,540
05 Mar
10,125
06 Mar
10,830
07 Mar
9,155
08 Mar
6,980
09 Mar
14,392
10 Mar
4,580
11 Mar
7,810
12 Mar
6,545
13 Mar
18,170
14 Mar
15,325
12 Oct
123.33
13 Oct
123.32
14 Oct
123.28
15 Oct
123.27
16 Oct
123.28
17 Oct
123.29
18 Oct
123.26
19 Oct
123.32
20 Oct
123.30
21 Oct
123.29
22 Oct
123.30
23 Oct
123.29
24 Oct
123.30
25 Oct
123.29
Apr 25
2.36
May 25
1.78
Jun 25
0.97
Jul 25
1.14
Aug 25
1.33
Sep 25
2.74
Oct 25
0.71
Nov 25
0.76
Dec 25
0.68
Jan 26
0.66
Feb 26
2.43
Mar 26
1.70
Apr 26
1.27
May 26
1.44
Apr 25
7.64
May 25
6.35
Jun 25
12.08
Jul 25
14.21
Aug 25
12.37
Sep 25
13.73
Oct 25
7.68
Nov 25
7.61
Dec 25
9.15
Jan 26
9.38
Feb 26
30.87
Mar 26
16.64
Apr 26
16.93
May 26
15.79
01 Mar
247.15
02 Mar
218.42
03 Mar
221.56
04 Mar
260.87
05 Mar
303.27
06 Mar
277.04
07 Mar
277.85
08 Mar
264.78
09 Mar
279.87
10 Mar
300.78
11 Mar
282.69
12 Mar
342.91
13 Mar
317.33
14 Mar
291.10
01 Mar
256.08
02 Mar
222.36
03 Mar
235.01
04 Mar
266.10
05 Mar
305.67
06 Mar
271.34
07 Mar
267.10
08 Mar
252.60
09 Mar
258.52
10 Mar
298.05
11 Mar
291.81
12 Mar
339.59
13 Mar
311.66
14 Mar
288.37
01 Mar
297.70
02 Mar
265.87
03 Mar
257.55
04 Mar
271.29
05 Mar
281.87
06 Mar
297.87
07 Mar
277.50
08 Mar
266.92
09 Mar
286.53
10 Mar
305.37
11 Mar
288.01
12 Mar
350.15
13 Mar
327.01
14 Mar
292.50
01 Mar
200.0
02 Mar
194.9
03 Mar
215.7
04 Mar
213.6
05 Mar
209.9
06 Mar
207.8
07 Mar
205.1
08 Mar
190.6
09 Mar
186.0
10 Mar
206.6
11 Mar
211.4
12 Mar
214.4
13 Mar
211.0
14 Mar
207.1
02 Mar
0
03 Mar
2234
04 Mar
490
05 Mar
0
06 Mar
0
07 Mar
5200
08 Mar
150
09 Mar
0
10 Mar
0
11 Mar
0
12 Mar
2000
13 Mar
5110
14 Mar
2496
15 Mar
0
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
10 Mar
0.00
11 Mar
0.00
12 Mar
0.00
13 Mar
0.00
14 Mar
0.00
01 Mar
63.16
02 Mar
63.18
03 Mar
63.11
04 Mar
63.11
05 Mar
63.10
06 Mar
63.09
07 Mar
63.08
08 Mar
63.08
09 Mar
63.08
10 Mar
63.04
11 Mar
62.78
12 Mar
62.78
13 Mar
62.75
14 Mar
62.66
01 Mar
62.87
02 Mar
62.86
03 Mar
62.86
04 Mar
62.86
05 Mar
62.82
06 Mar
62.80
07 Mar
62.80
08 Mar
62.80
09 Mar
62.79
10 Mar
62.79
11 Mar
62.77
12 Mar
62.77
13 Mar
62.77
14 Mar
62.75
02 Mar
124.17
03 Mar
134.98
04 Mar
159.94
05 Mar
126.76
06 Mar
155.57
07 Mar
180.58
08 Mar
168.33
09 Mar
167.23
10 Mar
182.14
11 Mar
174.46
12 Mar
178.31
13 Mar
184.34
14 Mar
181.79
15 Mar
137.69
02 Mar
82.89
03 Mar
82.29
04 Mar
79.49
05 Mar
83.29
06 Mar
79.63
07 Mar
76.48
08 Mar
77.78
09 Mar
77.66
10 Mar
76.03
11 Mar
75.97
12 Mar
75.76
13 Mar
74.56
14 Mar
74.42
15 Mar
80.13
Latest Results
Log in to view all resultsHAY ➔ 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 |
Total bids awarded
Latest Auction Stats
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Last updated 11 a.m. 13 Mar 2025
March: Primary
Wed, 12, March 2025
12p.m. - 4:30PM
March: Primary
Wed, 12, March 2025
12PM - 4:30PM
- Jan 2027
- Feb 2027
- Mar 2027
- Apr 2026
- May 2026
- Jun 2026
March: Variation
Wed, 19, March 2025
12p.m. - 4:30PM
March: Variation
Wed, 19, March 2025
12PM - 4:30PM
- Apr 2025
- May 2025
- Jun 2025
- Oct 2025
- Nov 2025
- Dec 2025
Auction Results available 4pm the following day
Last updated 11 a.m. 13 Mar 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