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Natural Gas - NGP-TRS 15 Jan 2026

Daily VWAP (Delivered)

$ 10.18 /GJ

▼ 2.44 %

High $ 10.44 /GJ Low $ 6.54 /GJ

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02 Jan

6.83

03 Jan

7.72

04 Jan

9.06

05 Jan

8.83

06 Jan

8.68

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

Natural Gas - NGP-TRS 15 Jan 2026

FRMI - (Monthly Price Index)

$ 8.47 /GJ

▼ 0.16 %

High $ 9.43 /GJ Low $ 8.47 /GJ

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02 Jan

9.43

03 Jan

9.37

04 Jan

9.36

05 Jan

9.36

06 Jan

9.33

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

Natural Gas - NGP-TRS 15 Jan 2026

FRQI - (Quarterly Price Index)

$ 10.14 /GJ

▼ 0.36 %

High $ 10.95 /GJ Low $ 10.14 /GJ

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02 Jan

10.95

03 Jan

10.89

04 Jan

10.83

05 Jan

10.78

06 Jan

10.70

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

Natural Gas - NGP-TRS 15 Jan 2026

Daily Volume (Delivered)

14,450 GJ

▼ 29.34 %

High 37,760.0 GJ Low 12,210.0 GJ

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02 Jan

18,070

03 Jan

23,560

04 Jan

29,720

05 Jan

26,180

06 Jan

31,557

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

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 15 Jan 2026

Average Price

$ 6.79 /MWh

▼ 80.59 %

High $ 34.99 /MWh Low $ 0.01 /MWh

02 Jan

0.47

03 Jan

0.01

04 Jan

0.41

05 Jan

1.29

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

OTA2201 15 Jan 2026

Average Price

$ 7.98 /MWh

▼ 80.26 %

High $ 40.42 /MWh Low $ 0.01 /MWh

02 Jan

0.51

03 Jan

0.01

04 Jan

0.46

05 Jan

1.47

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

BEN2201 15 Jan 2026

Average Price

$ 4.88 /MWh

▲ 40.63 %

High $ 10.66 /MWh Low $ 0.01 /MWh

02 Jan

0.44

03 Jan

0.01

04 Jan

0.39

05 Jan

1.20

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

Electricity 15 Jan 2026

National Demand

218.9 GW

▲ 1.02 %

High 218.9 GW Low 175.0 GW

02 Jan

176.2

03 Jan

178.0

04 Jan

175.0

05 Jan

192.4

06 Jan

199.9

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

Carbon Units – CP-NZU 16 Jan 2026

Daily Volume (Traded)

0 NZU

▼ 100.0 %

High 1409 NZU Low 0 NZU

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03 Jan

04 Jan

05 Jan

113

06 Jan

800

07 Jan

08 Jan

09 Jan

600

10 Jan

11 Jan

12 Jan

700

13 Jan

685

14 Jan

1409

15 Jan

1371

16 Jan

Carbon Units – CP-NZU 15 Jan 2026

Daily VWAP (Traded)

$ 0.00 NZU

- 0 %

High $ 0.00 NZU Low $ 0.00 NZU

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02 Jan

0.00

03 Jan

0.00

04 Jan

0.00

05 Jan

0.00

06 Jan

0.00

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

Carbon Units – CP-NZU 15 Jan 2026

ECMI (Monthly Price Index)

$ 37.85 NZU

▼ 1.65 %

High $ 40.45 NZU Low $ 37.85 NZU

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02 Jan

40.45

03 Jan

40.45

04 Jan

40.45

05 Jan

40.45

06 Jan

40.45

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

Carbon Units – CP-NZU 15 Jan 2026

ECQI (Quarterly Price Index)

$ 48.66 NZU

▼ 1.01 %

High $ 51.43 NZU Low $ 48.66 NZU

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02 Jan

51.43

03 Jan

51.43

04 Jan

51.27

05 Jan

51.27

06 Jan

50.58

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

Carbon Intensity Daily Average 16 Jan 2026

46.78 gkWh

▼ 10.3 %

High 52.15 gkWh Low 23.92 gkWh

More energy data

03 Jan

28.55

04 Jan

29.31

05 Jan

27.09

06 Jan

25.23

07 Jan

24.41

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

46.78

Daily Renewable Generation 16 Jan 2026

94.39 %

▲ 0.97 %

High 98.92 % Low 93.48 %

More energy data

03 Jan

98.87

04 Jan

98.77

05 Jan

98.83

06 Jan

98.62

07 Jan

98.92

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

94.39

Natural Gas - NGP-TRS 15 Jan 2026

Daily VWAP (Delivered)

$ 10.18 /GJ

▼ 2.44 %

Natural Gas - NGP-TRS 15 Jan 2026

FRMI - (Monthly Price Index)

$ 8.47 /GJ

▼ 0.16 %

Natural Gas - NGP-TRS 15 Jan 2026

FRQI - (Quarterly Price Index)

$ 10.14 /GJ

▼ 0.36 %

Natural Gas - NGP-TRS 15 Jan 2026

Daily Volume (Delivered)

14,450 GJ

▼ 29.34 %

FTR - Clearing Price Sep 2023

BEN ➔ HAY

$ 9.53 /MW

▼ 3.64 %

HAY2201 15 Jan 2026

Average Price

$ 6.79 /MWh

▼ 80.59 %

OTA2201 15 Jan 2026

Average Price

$ 7.98 /MWh

▼ 80.26 %

BEN2201 15 Jan 2026

Average Price

$ 4.88 /MWh

▲ 40.63 %

Electricity 15 Jan 2026

National Demand

218.9 GW

▲ 1.02 %

Carbon Units – CP-NZU 16 Jan 2026

Daily Volume (Traded)

0 NZU

▼ 100.0 %

Carbon Units – CP-NZU 15 Jan 2026

Daily VWAP (Traded)

$ 0.00 NZU

- 0 %

Carbon Units – CP-NZU 15 Jan 2026

ECMI (Monthly Price Index)

$ 37.85 NZU

▼ 1.65 %

Carbon Units – CP-NZU 15 Jan 2026

ECQI (Quarterly Price Index)

$ 48.66 NZU

▼ 1.01 %

Carbon Intensity Daily Average 16 Jan 2026

46.78 gkWh

▼ 10.3 %

Daily Renewable Generation 16 Jan 2026

94.39 %

▲ 0.97 %

High $ 10.44 /GJ Low $ 6.54 /GJ

download data

02 Jan

6.83

03 Jan

7.72

04 Jan

9.06

05 Jan

8.83

06 Jan

8.68

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

High $ 9.43 /GJ Low $ 8.47 /GJ

download data

02 Jan

9.43

03 Jan

9.37

04 Jan

9.36

05 Jan

9.36

06 Jan

9.33

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

High $ 10.95 /GJ Low $ 10.14 /GJ

download data

02 Jan

10.95

03 Jan

10.89

04 Jan

10.83

05 Jan

10.78

06 Jan

10.70

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

High 37,760.0 GJ Low 12,210.0 GJ

download data

02 Jan

18,070

03 Jan

23,560

04 Jan

29,720

05 Jan

26,180

06 Jan

31,557

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

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 $ 0.01 /MWh

02 Jan

0.47

03 Jan

0.01

04 Jan

0.41

05 Jan

1.29

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

High $ 40.42 /MWh Low $ 0.01 /MWh

02 Jan

0.51

03 Jan

0.01

04 Jan

0.46

05 Jan

1.47

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

High $ 10.66 /MWh Low $ 0.01 /MWh

02 Jan

0.44

03 Jan

0.01

04 Jan

0.39

05 Jan

1.20

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

High 218.9 GW Low 175.0 GW

02 Jan

176.2

03 Jan

178.0

04 Jan

175.0

05 Jan

192.4

06 Jan

199.9

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

High 1409 NZU Low 0 NZU

download data

03 Jan

04 Jan

05 Jan

113

06 Jan

800

07 Jan

08 Jan

09 Jan

600

10 Jan

11 Jan

12 Jan

700

13 Jan

685

14 Jan

1409

15 Jan

1371

16 Jan

High $ 0.00 NZU Low $ 0.00 NZU

download data

02 Jan

0.00

03 Jan

0.00

04 Jan

0.00

05 Jan

0.00

06 Jan

0.00

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

High $ 40.45 NZU Low $ 37.85 NZU

download data

02 Jan

40.45

03 Jan

40.45

04 Jan

40.45

05 Jan

40.45

06 Jan

40.45

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

High $ 51.43 NZU Low $ 48.66 NZU

download data

02 Jan

51.43

03 Jan

51.43

04 Jan

51.27

05 Jan

51.27

06 Jan

50.58

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

High 52.15 gkWh Low 23.92 gkWh

More energy data

03 Jan

28.55

04 Jan

29.31

05 Jan

27.09

06 Jan

25.23

07 Jan

24.41

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

46.78

High 98.92 % Low 93.48 %

More energy data

03 Jan

98.87

04 Jan

98.77

05 Jan

98.83

06 Jan

98.62

07 Jan

98.92

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

94.39

Latest Auction Results

Primary January 2026

Latest Results

HAY ➔ BEN (OPT)

2027 Feb	2027 Mar	2027 Apr	2028 Jan	2028 Feb	2028 Mar
$2.43	$1.74	$1.09	$0.72	$2.61	$1.24

BEN ➔ HAY (OPT)

2027 Feb	2027 Mar	2027 Apr	2028 Jan	2028 Feb	2028 Mar
$32.90	$18.05	$9.80	$6.55	$29.56	$11.41

Product	Hedge type	2027 Feb	2027 Mar	2027 Apr	2028 Jan	2028 Feb	2028 Mar
HAY ➔ BEN	OPT	$2.43	$1.74	$1.09	$0.72	$2.61	$1.24
BEN ➔ HAY	OPT	$32.90	$18.05	$9.80	$6.55	$29.56	$11.41

Total bids awarded

Select unit

Buy

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Last updated 11 a.m. 16 Jan 2026

FTR Manager

Auction Notice

January: Primary

Wed, 14, January 2026

12p.m. - 4:30PM

January: Primary

Wed, 14, January 2026

12PM - 4:30PM

Mar 2028
Feb 2028
Jan 2028
Apr 2027
Mar 2027
Feb 2027

January: Variation

Wed, 21, January 2026

12p.m. - 4:30PM

January: Variation

Wed, 21, January 2026

12PM - 4:30PM

Oct 2026
Sep 2026
Aug 2026
Apr 2026
Mar 2026
Feb 2026

Auction Results available by 4pm the following day

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Download sample bid

Last updated 11 a.m. 16 Jan 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

Actively manage your risk and exposure

Latest Auction Results

Primary January 2026

Latest Results

HAY ➔ BEN (OPT)

BEN ➔ HAY (OPT)

Total bids awarded

Latest Auction Stats

Last updated 11 a.m. 16 Jan 2026

FTR Manager

Auction Notice

January: Primary

Wed, 14, January 2026

12p.m. - 4:30PM

January: Primary

Wed, 14, January 2026

12PM - 4:30PM

January: Variation

Wed, 21, January 2026

12p.m. - 4:30PM

January: Variation

Wed, 21, January 2026

12PM - 4:30PM

Auction Results available by 4pm the following day

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Register for free access to all FTR auction results

Last updated 11 a.m. 16 Jan 2026

BENEFITS FOR YOUR BUSINESS: