Actively manage your risk exposure
Manage your price risk on the wholesale electricity market through Financial Transmission Rights.

Daily VWAP (Delivered)
$14.83 /GJ
▼ 3.9 %
30 Mar
16.10
31 Mar
12.66
01 Apr
17.71
02 Apr
14.21
03 Apr
14.61
04 Apr
12.02
05 Apr
14.08
06 Apr
16.26
07 Apr
16.13
08 Apr
16.97
09 Apr
17.12
10 Apr
15.84
11 Apr
15.43
12 Apr
14.83
FRMI - (Monthly Price Index)
$15.94 /GJ
▼ 3.18 %
30 Mar
16.48
31 Mar
16.38
01 Apr
16.53
02 Apr
16.44
03 Apr
16.39
04 Apr
16.14
05 Apr
16.07
06 Apr
16.25
07 Apr
16.29
08 Apr
16.37
09 Apr
16.46
10 Apr
16.47
11 Apr
16.46
12 Apr
15.94
FRQI - (Quarterly Price Index)
$15.77 /GJ
▲ 0.35 %
30 Mar
15.08
31 Mar
15.11
01 Apr
15.15
02 Apr
15.16
03 Apr
15.30
04 Apr
15.33
05 Apr
15.32
06 Apr
15.44
07 Apr
15.51
08 Apr
15.59
09 Apr
15.66
10 Apr
15.68
11 Apr
15.72
12 Apr
15.77
Daily Volume (Delivered)
16,500 GJ
▼ 5.71 %
30 Mar
15,000
31 Mar
10,000
01 Apr
20,500
02 Apr
24,500
03 Apr
28,500
04 Apr
36,000
05 Apr
28,500
06 Apr
29,750
07 Apr
26,250
08 Apr
28,750
09 Apr
23,750
10 Apr
20,500
11 Apr
17,500
12 Apr
16,500
HAY ➔ BEN
$2.00 /MW
▼ 31.74 %
May 21
2.00
Jun 21
1.50
Jul 21
0.48
Aug 21
0.83
Sep 21
1.22
Oct 21
1.11
Nov 21
0.82
Dec 21
0.65
Jan 22
0.48
Feb 22
0.65
Mar 22
0.53
Apr 22
0.49
May 22
0.55
Jun 22
0.71
BEN ➔ HAY
$6.64 /MW
▲ 6.24 %
May 21
6.64
Jun 21
7.67
Jul 21
12.68
Aug 21
8.45
Sep 21
5.55
Oct 21
5.66
Nov 21
6.07
Dec 21
5.98
Jan 22
9.64
Feb 22
17.45
Mar 22
6.93
Apr 22
7.19
May 22
7.92
Jun 22
8.28
Average Price
$319.45 /MW
▲ 11.42 %
30 Mar
316.99
31 Mar
277.46
01 Apr
225.88
02 Apr
224.56
03 Apr
239.01
04 Apr
130.54
05 Apr
199.20
06 Apr
231.15
07 Apr
315.11
08 Apr
351.52
09 Apr
355.99
10 Apr
330.61
11 Apr
286.72
12 Apr
319.45
Average Price
$330.68 /MW
▲ 12.22 %
30 Mar
318.96
31 Mar
276.58
01 Apr
227.91
02 Apr
224.23
03 Apr
238.21
04 Apr
132.24
05 Apr
203.66
06 Apr
234.19
07 Apr
316.64
08 Apr
359.22
09 Apr
361.28
10 Apr
327.24
11 Apr
294.66
12 Apr
330.68
Average Price
$312.26 /MW
▲ 9.23 %
30 Mar
310.36
31 Mar
273.88
01 Apr
235.04
02 Apr
226.23
03 Apr
240.54
04 Apr
139.35
05 Apr
202.86
06 Apr
228.44
07 Apr
311.57
08 Apr
344.16
09 Apr
348.87
10 Apr
333.86
11 Apr
285.88
12 Apr
312.26
30 Mar
16.10
31 Mar
12.66
01 Apr
17.71
02 Apr
14.21
03 Apr
14.61
04 Apr
12.02
05 Apr
14.08
06 Apr
16.26
07 Apr
16.13
08 Apr
16.97
09 Apr
17.12
10 Apr
15.84
11 Apr
15.43
12 Apr
14.83
30 Mar
16.48
31 Mar
16.38
01 Apr
16.53
02 Apr
16.44
03 Apr
16.39
04 Apr
16.14
05 Apr
16.07
06 Apr
16.25
07 Apr
16.29
08 Apr
16.37
09 Apr
16.46
10 Apr
16.47
11 Apr
16.46
12 Apr
15.94
30 Mar
15.08
31 Mar
15.11
01 Apr
15.15
02 Apr
15.16
03 Apr
15.30
04 Apr
15.33
05 Apr
15.32
06 Apr
15.44
07 Apr
15.51
08 Apr
15.59
09 Apr
15.66
10 Apr
15.68
11 Apr
15.72
12 Apr
15.77
30 Mar
15,000
31 Mar
10,000
01 Apr
20,500
02 Apr
24,500
03 Apr
28,500
04 Apr
36,000
05 Apr
28,500
06 Apr
29,750
07 Apr
26,250
08 Apr
28,750
09 Apr
23,750
10 Apr
20,500
11 Apr
17,500
12 Apr
16,500
Nov 21
0.82
Dec 21
0.65
Jan 22
0.48
Feb 22
0.65
Mar 22
0.53
Apr 22
0.49
May 22
0.55
Jun 22
0.71
Oct 22
0.64
Nov 22
0.43
Dec 22
0.35
Jan 23
0.66
Feb 23
1.04
Mar 23
0.80
Nov 21
6.07
Dec 21
5.98
Jan 22
9.64
Feb 22
17.45
Mar 22
6.93
Apr 22
7.19
May 22
7.92
Jun 22
8.28
Oct 22
11.16
Nov 22
11.18
Dec 22
11.02
Jan 23
7.51
Feb 23
13.13
Mar 23
10.86
30 Mar
316.99
31 Mar
277.46
01 Apr
225.88
02 Apr
224.56
03 Apr
239.01
04 Apr
130.54
05 Apr
199.20
06 Apr
231.15
07 Apr
315.11
08 Apr
351.52
09 Apr
355.99
10 Apr
330.61
11 Apr
286.72
12 Apr
319.45
30 Mar
318.96
31 Mar
276.58
01 Apr
227.91
02 Apr
224.23
03 Apr
238.21
04 Apr
132.24
05 Apr
203.66
06 Apr
234.19
07 Apr
316.64
08 Apr
359.22
09 Apr
361.28
10 Apr
327.24
11 Apr
294.66
12 Apr
330.68
30 Mar
310.36
31 Mar
273.88
01 Apr
235.04
02 Apr
226.23
03 Apr
240.54
04 Apr
139.35
05 Apr
202.86
06 Apr
228.44
07 Apr
311.57
08 Apr
344.16
09 Apr
348.87
10 Apr
333.86
11 Apr
285.88
12 Apr
312.26
Financial Transmission Rights are financial hedges that protect energy traders from price uncertainty between nodes. These uncertainties are the result of transmission losses and constraints.
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.
The FTR portal can be found here.