Renewable Energy Certificates

Energy Attribute Certificate for New Zealand generators and businesses.

Natural Gas - NGP-TRS 20 Jan 2026

Daily VWAP (Delivered)

$ 7.01 /GJ

▼ 15.01 %

High $ 10.44 /GJ Low $ 6.54 /GJ

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07 Jan

9.16

08 Jan

7.04

09 Jan

6.81

10 Jan

6.63

11 Jan

6.54

12 Jan

9.37

13 Jan

9.31

14 Jan

10.44

15 Jan

10.18

16 Jan

9.51

17 Jan

9.25

18 Jan

9.51

19 Jan

8.25

20 Jan

7.01

Natural Gas - NGP-TRS 20 Jan 2026

FRMI - (Monthly Price Index)

$ 8.57 /GJ

▼ 0.13 %

High $ 9.32 /GJ Low $ 8.47 /GJ

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07 Jan

9.32

08 Jan

9.16

09 Jan

9.01

10 Jan

8.82

11 Jan

8.61

12 Jan

8.52

13 Jan

8.48

14 Jan

8.48

15 Jan

8.47

16 Jan

8.47

17 Jan

8.62

18 Jan

8.61

19 Jan

8.58

20 Jan

8.57

Natural Gas - NGP-TRS 20 Jan 2026

FRQI - (Quarterly Price Index)

$ 10.00 /GJ

▼ 0.22 %

High $ 10.63 /GJ Low $ 10.00 /GJ

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07 Jan

10.63

08 Jan

10.53

09 Jan

10.45

10 Jan

10.36

11 Jan

10.28

12 Jan

10.25

13 Jan

10.20

14 Jan

10.17

15 Jan

10.14

16 Jan

10.09

17 Jan

10.04

18 Jan

10.04

19 Jan

10.02

20 Jan

10.00

Natural Gas - NGP-TRS 20 Jan 2026

Daily Volume (Delivered)

7,150 GJ

▲ 33.64 %

High 37,760.0 GJ Low 5,350.0 GJ

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07 Jan

37,760

08 Jan

34,030

09 Jan

24,950

10 Jan

27,830

11 Jan

28,810

12 Jan

12,210

13 Jan

14,810

14 Jan

20,450

15 Jan

14,450

16 Jan

14,570

17 Jan

20,500

18 Jan

12,900

19 Jan

5,350

20 Jan

7,150

FTR - Clearing Price

BEN ➔ HAY

$ 38.71 /MW

▲ 890.03 %

High $ 38.71 /MW Low $ 6.01 /MW

Feb 26

38.71

Mar 26

11.73

Apr 26

14.07

May 26

10.05

Jun 26

10.50

Jul 26

10.08

Aug 26

9.98

Sep 26

9.73

Oct 26

8.00

Nov 26

8.61

Dec 26

6.50

Jan 27

6.01

Feb 27

32.90

Mar 27

18.05

HAY2201 19 Jan 2026

Average Price

$ 0.48 /MWh

▼ 25.0 %

High $ 34.99 /MWh Low $ 0.48 /MWh

06 Jan

2.02

07 Jan

2.21

08 Jan

4.17

09 Jan

2.53

10 Jan

1.91

11 Jan

1.44

12 Jan

11.73

13 Jan

11.68

14 Jan

34.99

15 Jan

6.79

16 Jan

1.28

17 Jan

0.67

18 Jan

0.64

19 Jan

0.48

OTA2201 19 Jan 2026

Average Price

$ 0.57 /MWh

▼ 22.97 %

High $ 40.42 /MWh Low $ 0.57 /MWh

06 Jan

2.39

07 Jan

2.54

08 Jan

4.72

09 Jan

2.87

10 Jan

2.14

11 Jan

1.63

12 Jan

13.56

13 Jan

13.26

14 Jan

40.42

15 Jan

7.98

16 Jan

1.44

17 Jan

0.78

18 Jan

0.74

19 Jan

0.57

BEN2201 19 Jan 2026

Average Price

$ 0.45 /MWh

▼ 27.42 %

High $ 10.66 /MWh Low $ 0.45 /MWh

06 Jan

1.93

07 Jan

2.10

08 Jan

3.87

09 Jan

2.43

10 Jan

1.86

11 Jan

1.40

12 Jan

10.66

13 Jan

10.50

14 Jan

3.47

15 Jan

4.88

16 Jan

1.22

17 Jan

0.65

18 Jan

0.62

19 Jan

0.45

Electricity 20 Jan 2026

National Demand

209.2 GW

▲ 3.26 %

High 218.9 GW Low 185.5 GW

07 Jan

206.5

08 Jan

210.4

09 Jan

211.6

10 Jan

203.1

11 Jan

200.4

12 Jan

214.5

13 Jan

214.0

14 Jan

216.7

15 Jan

218.9

16 Jan

209.1

17 Jan

189.6

18 Jan

185.5

19 Jan

202.6

20 Jan

209.2

Carbon Units – CP-NZU 21 Jan 2026

Daily Volume (Traded)

0 NZU

▼ 100.0 %

High 2104 NZU Low 0 NZU

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08 Jan

09 Jan

600

10 Jan

11 Jan

12 Jan

700

13 Jan

685

14 Jan

1409

15 Jan

1371

16 Jan

2104

17 Jan

18 Jan

100

19 Jan

20 Jan

1856

21 Jan

Carbon Units – CP-NZU 20 Jan 2026

Daily VWAP (Traded)

$ 0.00 NZU

- 0 %

High $ 0.00 NZU Low $ 0.00 NZU

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07 Jan

0.00

08 Jan

0.00

09 Jan

0.00

10 Jan

0.00

11 Jan

0.00

12 Jan

0.00

13 Jan

0.00

14 Jan

0.00

15 Jan

0.00

16 Jan

0.00

17 Jan

0.00

18 Jan

0.00

19 Jan

0.00

20 Jan

0.00

Carbon Units – CP-NZU 20 Jan 2026

ECMI (Monthly Price Index)

$ 36.32 NZU

▼ 1.33 %

High $ 40.45 NZU Low $ 36.32 NZU

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07 Jan

40.45

08 Jan

40.31

09 Jan

39.65

10 Jan

39.57

11 Jan

39.57

12 Jan

39.48

13 Jan

39.03

14 Jan

38.48

15 Jan

37.85

16 Jan

37.05

17 Jan

37.05

18 Jan

36.87

19 Jan

36.81

20 Jan

36.32

Carbon Units – CP-NZU 20 Jan 2026

ECQI (Quarterly Price Index)

$ 44.38 NZU

▼ 1.11 %

High $ 50.09 NZU Low $ 44.38 NZU

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07 Jan

50.09

08 Jan

49.78

09 Jan

49.78

10 Jan

49.78

11 Jan

49.78

12 Jan

49.78

13 Jan

49.57

14 Jan

49.15

15 Jan

48.66

16 Jan

48.16

17 Jan

48.16

18 Jan

47.86

19 Jan

44.87

20 Jan

44.38

Carbon Intensity Daily Average 21 Jan 2026

27.75 gkWh

▼ 9.37 %

High 52.15 gkWh Low 23.92 gkWh

More energy data

08 Jan

23.92

09 Jan

25.42

10 Jan

24.38

11 Jan

24.99

12 Jan

31.62

13 Jan

32.91

14 Jan

40.47

15 Jan

52.15

16 Jan

44.95

17 Jan

34.33

18 Jan

36.17

19 Jan

35.42

20 Jan

30.62

21 Jan

27.75

Daily Renewable Generation 21 Jan 2026

99.11 %

▲ 1.4 %

High 99.11 % Low 93.48 %

More energy data

08 Jan

98.74

09 Jan

98.59

10 Jan

98.72

11 Jan

98.63

12 Jan

97.49

13 Jan

97.13

14 Jan

95.93

15 Jan

93.48

16 Jan

94.61

17 Jan

97.18

18 Jan

97.60

19 Jan

97.40

20 Jan

97.74

21 Jan

99.11

Natural Gas - NGP-TRS 20 Jan 2026

Daily VWAP (Delivered)

$ 7.01 /GJ

▼ 15.01 %

Natural Gas - NGP-TRS 20 Jan 2026

FRMI - (Monthly Price Index)

$ 8.57 /GJ

▼ 0.13 %

Natural Gas - NGP-TRS 20 Jan 2026

FRQI - (Quarterly Price Index)

$ 10.00 /GJ

▼ 0.22 %

Natural Gas - NGP-TRS 20 Jan 2026

Daily Volume (Delivered)

7,150 GJ

▲ 33.64 %

FTR - Clearing Price Sep 2023

BEN ➔ HAY

$ 9.53 /MW

▼ 3.64 %

HAY2201 19 Jan 2026

Average Price

$ 0.48 /MWh

▼ 25.0 %

OTA2201 19 Jan 2026

Average Price

$ 0.57 /MWh

▼ 22.97 %

BEN2201 19 Jan 2026

Average Price

$ 0.45 /MWh

▼ 27.42 %

Electricity 20 Jan 2026

National Demand

209.2 GW

▲ 3.26 %

Carbon Units – CP-NZU 21 Jan 2026

Daily Volume (Traded)

0 NZU

▼ 100.0 %

Carbon Units – CP-NZU 20 Jan 2026

Daily VWAP (Traded)

$ 0.00 NZU

- 0 %

Carbon Units – CP-NZU 20 Jan 2026

ECMI (Monthly Price Index)

$ 36.32 NZU

▼ 1.33 %

Carbon Units – CP-NZU 20 Jan 2026

ECQI (Quarterly Price Index)

$ 44.38 NZU

▼ 1.11 %

Carbon Intensity Daily Average 21 Jan 2026

27.75 gkWh

▼ 9.37 %

Daily Renewable Generation 21 Jan 2026

99.11 %

▲ 1.4 %

High $ 10.44 /GJ Low $ 6.54 /GJ

download data

07 Jan

9.16

08 Jan

7.04

09 Jan

6.81

10 Jan

6.63

11 Jan

6.54

12 Jan

9.37

13 Jan

9.31

14 Jan

10.44

15 Jan

10.18

16 Jan

9.51

17 Jan

9.25

18 Jan

9.51

19 Jan

8.25

20 Jan

7.01

High $ 9.32 /GJ Low $ 8.47 /GJ

download data

07 Jan

9.32

08 Jan

9.16

09 Jan

9.01

10 Jan

8.82

11 Jan

8.61

12 Jan

8.52

13 Jan

8.48

14 Jan

8.48

15 Jan

8.47

16 Jan

8.47

17 Jan

8.62

18 Jan

8.61

19 Jan

8.58

20 Jan

8.57

High $ 10.63 /GJ Low $ 10.00 /GJ

download data

07 Jan

10.63

08 Jan

10.53

09 Jan

10.45

10 Jan

10.36

11 Jan

10.28

12 Jan

10.25

13 Jan

10.20

14 Jan

10.17

15 Jan

10.14

16 Jan

10.09

17 Jan

10.04

18 Jan

10.04

19 Jan

10.02

20 Jan

10.00

High 37,760.0 GJ Low 5,350.0 GJ

download data

07 Jan

37,760

08 Jan

34,030

09 Jan

24,950

10 Jan

27,830

11 Jan

28,810

12 Jan

12,210

13 Jan

14,810

14 Jan

20,450

15 Jan

14,450

16 Jan

14,570

17 Jan

20,500

18 Jan

12,900

19 Jan

5,350

20 Jan

7,150

High $ 38.71 /MW Low $ 6.01 /MW

Feb 26

38.71

Mar 26

11.73

Apr 26

14.07

May 26

10.05

Jun 26

10.50

Jul 26

10.08

Aug 26

9.98

Sep 26

9.73

Oct 26

8.00

Nov 26

8.61

Dec 26

6.50

Jan 27

6.01

Feb 27

32.90

Mar 27

18.05

High $ 34.99 /MWh Low $ 0.48 /MWh

06 Jan

2.02

07 Jan

2.21

08 Jan

4.17

09 Jan

2.53

10 Jan

1.91

11 Jan

1.44

12 Jan

11.73

13 Jan

11.68

14 Jan

34.99

15 Jan

6.79

16 Jan

1.28

17 Jan

0.67

18 Jan

0.64

19 Jan

0.48

High $ 40.42 /MWh Low $ 0.57 /MWh

06 Jan

2.39

07 Jan

2.54

08 Jan

4.72

09 Jan

2.87

10 Jan

2.14

11 Jan

1.63

12 Jan

13.56

13 Jan

13.26

14 Jan

40.42

15 Jan

7.98

16 Jan

1.44

17 Jan

0.78

18 Jan

0.74

19 Jan

0.57

High $ 10.66 /MWh Low $ 0.45 /MWh

06 Jan

1.93

07 Jan

2.10

08 Jan

3.87

09 Jan

2.43

10 Jan

1.86

11 Jan

1.40

12 Jan

10.66

13 Jan

10.50

14 Jan

3.47

15 Jan

4.88

16 Jan

1.22

17 Jan

0.65

18 Jan

0.62

19 Jan

0.45

High 218.9 GW Low 185.5 GW

07 Jan

206.5

08 Jan

210.4

09 Jan

211.6

10 Jan

203.1

11 Jan

200.4

12 Jan

214.5

13 Jan

214.0

14 Jan

216.7

15 Jan

218.9

16 Jan

209.1

17 Jan

189.6

18 Jan

185.5

19 Jan

202.6

20 Jan

209.2

High 2104 NZU Low 0 NZU

download data

08 Jan

09 Jan

600

10 Jan

11 Jan

12 Jan

700

13 Jan

685

14 Jan

1409

15 Jan

1371

16 Jan

2104

17 Jan

18 Jan

100

19 Jan

20 Jan

1856

21 Jan

High $ 0.00 NZU Low $ 0.00 NZU

download data

07 Jan

0.00

08 Jan

0.00

09 Jan

0.00

10 Jan

0.00

11 Jan

0.00

12 Jan

0.00

13 Jan

0.00

14 Jan

0.00

15 Jan

0.00

16 Jan

0.00

17 Jan

0.00

18 Jan

0.00

19 Jan

0.00

20 Jan

0.00

High $ 40.45 NZU Low $ 36.32 NZU

download data

07 Jan

40.45

08 Jan

40.31

09 Jan

39.65

10 Jan

39.57

11 Jan

39.57

12 Jan

39.48

13 Jan

39.03

14 Jan

38.48

15 Jan

37.85

16 Jan

37.05

17 Jan

37.05

18 Jan

36.87

19 Jan

36.81

20 Jan

36.32

High $ 50.09 NZU Low $ 44.38 NZU

download data

07 Jan

50.09

08 Jan

49.78

09 Jan

49.78

10 Jan

49.78

11 Jan

49.78

12 Jan

49.78

13 Jan

49.57

14 Jan

49.15

15 Jan

48.66

16 Jan

48.16

17 Jan

48.16

18 Jan

47.86

19 Jan

44.87

20 Jan

44.38

High 52.15 gkWh Low 23.92 gkWh

More energy data

08 Jan

23.92

09 Jan

25.42

10 Jan

24.38

11 Jan

24.99

12 Jan

31.62

13 Jan

32.91

14 Jan

40.47

15 Jan

52.15

16 Jan

44.95

17 Jan

34.33

18 Jan

36.17

19 Jan

35.42

20 Jan

30.62

21 Jan

27.75

High 99.11 % Low 93.48 %

More energy data

08 Jan

98.74

09 Jan

98.59

10 Jan

98.72

11 Jan

98.63

12 Jan

97.49

13 Jan

97.13

14 Jan

95.93

15 Jan

93.48

16 Jan

94.61

17 Jan

97.18

18 Jan

97.60

19 Jan

97.40

20 Jan

97.74

21 Jan

99.11

Energy Market Services (EMS) has been appointed as New Zealand's I-REC(E) Issuer by the International Tracking Standard Foundation (I-Track).

A market-based method for emissions reporting

Businesses and government agencies are increasingly wanting to demonstrate that the electricity they use is from renewable sources, in line with international trends.

I-RECs are a form of Energy Attribute Certificate that businesses can use in their Scope 2 emissions reporting under Greenhouse Gas Protocol 2 (GHGP2). The system is governed by the International Tracking Standard Foundation (I-TRACK Standard).

I-RECs work by verifying the output and attributes of each megawatt hour (MWh) generated from renewable sources such as wind, solar, hydro, and geothermal. Renewable generators in New Zealand will be able to request that EMS issue them an I-REC matching the amount of renewable energy they produce, with one certificate equal to one megawatt-hour.

Utilising existing skills and services

Utilising our well-established grid metering service, we are able to authenticate the volume of energy produced at registered generation sites and then issue certificates upon request.

News

New Zealand I-REC(E) Customer Onboarding Pack

The International REC Standard Foundation becomes the International Tracking Standard Foundation

I-REC becomes International Tracking Standard Foundation

Renewable Energy Certificates

A market-based method for emissions reporting

Utilising existing skills and services

News

New Zealand I-REC(E) Customer Onboarding Pack

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The International REC Standard Foundation becomes the International Tracking Standard Foundation

Read More

New Zealand I-REC(E) Facility Onboarding Pack

Read More