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Natural Gas - NGP-TRS 03 Feb 2026

Daily VWAP (Delivered)

$ 10.00 /GJ

- 0.0 %

High $ 10.00 /GJ Low $ 4.35 /GJ

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21 Jan

5.72

22 Jan

4.55

23 Jan

6.05

24 Jan

5.73

25 Jan

6.01

26 Jan

5.21

27 Jan

4.35

28 Jan

4.74

29 Jan

6.40

30 Jan

7.09

31 Jan

5.75

01 Feb

5.69

02 Feb

10.00

03 Feb

10.00

Natural Gas - NGP-TRS 03 Feb 2026

FRMI - (Monthly Price Index)

$ 7.41 /GJ

▼ 0.74 %

High $ 8.54 /GJ Low $ 7.41 /GJ

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21 Jan

8.54

22 Jan

8.45

23 Jan

8.36

24 Jan

8.28

25 Jan

8.22

26 Jan

8.11

27 Jan

7.92

28 Jan

7.79

29 Jan

7.72

30 Jan

7.66

31 Jan

7.57

01 Feb

7.50

02 Feb

7.47

03 Feb

7.41

Natural Gas - NGP-TRS 03 Feb 2026

FRQI - (Quarterly Price Index)

$ 9.22 /GJ

▼ 0.63 %

High $ 9.97 /GJ Low $ 9.22 /GJ

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21 Jan

9.97

22 Jan

9.92

23 Jan

9.87

24 Jan

9.83

25 Jan

9.79

26 Jan

9.74

27 Jan

9.67

28 Jan

9.61

29 Jan

9.57

30 Jan

9.55

31 Jan

9.46

01 Feb

9.33

02 Feb

9.28

03 Feb

9.22

Natural Gas - NGP-TRS 03 Feb 2026

Daily Volume (Delivered)

5,250 GJ

▼ 28.33 %

High 16,850.0 GJ Low 5,250.0 GJ

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21 Jan

6,810

22 Jan

13,130

23 Jan

13,700

24 Jan

13,650

25 Jan

12,950

26 Jan

11,550

27 Jan

16,850

28 Jan

16,060

29 Jan

7,400

30 Jan

9,100

31 Jan

12,500

01 Feb

13,470

02 Feb

7,325

03 Feb

5,250

FTR - Clearing Price

BEN ➔ HAY

$ 9.08 /MW

▼ 72.16 %

High $ 32.90 /MW Low $ 6.01 /MW

Mar 26

9.08

Apr 26

9.33

May 26

10.05

Jun 26

10.50

Jul 26

10.08

Aug 26

7.68

Sep 26

8.00

Oct 26

6.17

Nov 26

8.61

Dec 26

6.50

Jan 27

6.01

Feb 27

32.90

Mar 27

18.05

Apr 27

9.80

HAY2201 03 Feb 2026

Average Price

$ 27.61 /MWh

▼ 54.5 %

High $ 60.68 /MWh Low $ 0.01 /MWh

21 Jan

7.80

22 Jan

1.93

23 Jan

0.20

24 Jan

0.02

25 Jan

0.01

26 Jan

0.40

27 Jan

1.23

28 Jan

2.82

29 Jan

1.60

30 Jan

2.26

31 Jan

0.60

01 Feb

0.83

02 Feb

60.68

03 Feb

27.61

OTA2201 03 Feb 2026

Average Price

$ 31.36 /MWh

▼ 57.3 %

High $ 73.44 /MWh Low $ 0.01 /MWh

21 Jan

9.18

22 Jan

2.16

23 Jan

0.23

24 Jan

0.02

25 Jan

0.01

26 Jan

0.44

27 Jan

1.39

28 Jan

3.23

29 Jan

2.07

30 Jan

2.67

31 Jan

0.68

01 Feb

0.97

02 Feb

73.44

03 Feb

31.36

BEN2201 03 Feb 2026

Average Price

$ 22.04 /MWh

▲ 969.9 %

High $ 22.04 /MWh Low $ 0.01 /MWh

21 Jan

0.92

22 Jan

1.71

23 Jan

0.19

24 Jan

0.02

25 Jan

0.01

26 Jan

0.38

27 Jan

1.04

28 Jan

1.60

29 Jan

1.50

30 Jan

0.95

31 Jan

0.57

01 Feb

0.72

02 Feb

2.06

03 Feb

22.04

Electricity 03 Feb 2026

National Demand

219.0 GW

▲ 0.74 %

High 219.0 GW Low 185.5 GW

21 Jan

215.1

22 Jan

213.1

23 Jan

207.9

24 Jan

189.7

25 Jan

185.5

26 Jan

194.2

27 Jan

206.1

28 Jan

207.2

29 Jan

210.8

30 Jan

203.6

31 Jan

190.4

01 Feb

188.6

02 Feb

217.4

03 Feb

219.0

Carbon Units – CP-NZU 04 Feb 2026

Daily Volume (Traded)

0 NZU

▼ 100.0 %

High 1296 NZU Low 0 NZU

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22 Jan

1065

23 Jan

1296

24 Jan

25 Jan

26 Jan

150

27 Jan

398

28 Jan

500

29 Jan

170

30 Jan

188

31 Jan

01 Feb

02 Feb

577

03 Feb

04 Feb

Carbon Units – CP-NZU 03 Feb 2026

Daily VWAP (Traded)

$ 0.00 NZU

- 0 %

High $ 0.00 NZU Low $ 0.00 NZU

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21 Jan

0.00

22 Jan

0.00

23 Jan

0.00

24 Jan

0.00

25 Jan

0.00

26 Jan

0.00

27 Jan

0.00

28 Jan

0.00

29 Jan

0.00

30 Jan

0.00

31 Jan

0.00

01 Feb

0.00

02 Feb

0.00

03 Feb

0.00

Carbon Units – CP-NZU 03 Feb 2026

ECMI (Monthly Price Index)

$ 35.46 NZU

▼ 0.02 %

High $ 35.69 NZU Low $ 35.45 NZU

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21 Jan

35.47

22 Jan

35.55

23 Jan

35.45

24 Jan

35.45

25 Jan

35.45

26 Jan

35.69

27 Jan

35.60

28 Jan

35.58

29 Jan

35.53

30 Jan

35.48

31 Jan

35.48

01 Feb

35.48

02 Feb

35.47

03 Feb

35.46

Carbon Units – CP-NZU 03 Feb 2026

ECQI (Quarterly Price Index)

$ 39.86 NZU

▼ 0.92 %

High $ 43.23 NZU Low $ 39.86 NZU

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21 Jan

43.23

22 Jan

42.80

23 Jan

42.80

24 Jan

42.80

25 Jan

42.80

26 Jan

42.64

27 Jan

42.34

28 Jan

41.92

29 Jan

41.38

30 Jan

41.27

31 Jan

41.27

01 Feb

40.27

02 Feb

40.23

03 Feb

39.86

Carbon Intensity Daily Average 04 Feb 2026

29.24 gkWh

▼ 5.31 %

High 38.13 gkWh Low 28.23 gkWh

More energy data

22 Jan

29.24

23 Jan

30.71

24 Jan

35.62

25 Jan

38.13

26 Jan

36.65

27 Jan

33.93

28 Jan

29.92

29 Jan

28.93

30 Jan

29.06

31 Jan

28.23

01 Feb

28.79

02 Feb

32.99

03 Feb

30.88

04 Feb

29.24

Daily Renewable Generation 04 Feb 2026

98.21 %

▲ 0.69 %

High 98.37 % Low 96.72 %

More energy data

22 Jan

97.78

23 Jan

97.59

24 Jan

97.39

25 Jan

97.16

26 Jan

96.72

27 Jan

96.90

28 Jan

97.54

29 Jan

97.72

30 Jan

98.16

31 Jan

98.37

01 Feb

98.34

02 Feb

97.28

03 Feb

97.54

04 Feb

98.21

Natural Gas - NGP-TRS 03 Feb 2026

Daily VWAP (Delivered)

$ 10.00 /GJ

- 0.0 %

Natural Gas - NGP-TRS 03 Feb 2026

FRMI - (Monthly Price Index)

$ 7.41 /GJ

▼ 0.74 %

Natural Gas - NGP-TRS 03 Feb 2026

FRQI - (Quarterly Price Index)

$ 9.22 /GJ

▼ 0.63 %

Natural Gas - NGP-TRS 03 Feb 2026

Daily Volume (Delivered)

5,250 GJ

▼ 28.33 %

FTR - Clearing Price Sep 2023

BEN ➔ HAY

$ 9.53 /MW

▼ 3.64 %

HAY2201 03 Feb 2026

Average Price

$ 27.61 /MWh

▼ 54.5 %

OTA2201 03 Feb 2026

Average Price

$ 31.36 /MWh

▼ 57.3 %

BEN2201 03 Feb 2026

Average Price

$ 22.04 /MWh

▲ 969.9 %

Electricity 03 Feb 2026

National Demand

219.0 GW

▲ 0.74 %

Carbon Units – CP-NZU 04 Feb 2026

Daily Volume (Traded)

0 NZU

▼ 100.0 %

Carbon Units – CP-NZU 03 Feb 2026

Daily VWAP (Traded)

$ 0.00 NZU

- 0 %

Carbon Units – CP-NZU 03 Feb 2026

ECMI (Monthly Price Index)

$ 35.46 NZU

▼ 0.02 %

Carbon Units – CP-NZU 03 Feb 2026

ECQI (Quarterly Price Index)

$ 39.86 NZU

▼ 0.92 %

Carbon Intensity Daily Average 04 Feb 2026

29.24 gkWh

▼ 5.31 %

Daily Renewable Generation 04 Feb 2026

98.21 %

▲ 0.69 %

High $ 10.00 /GJ Low $ 4.35 /GJ

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21 Jan

5.72

22 Jan

4.55

23 Jan

6.05

24 Jan

5.73

25 Jan

6.01

26 Jan

5.21

27 Jan

4.35

28 Jan

4.74

29 Jan

6.40

30 Jan

7.09

31 Jan

5.75

01 Feb

5.69

02 Feb

10.00

03 Feb

10.00

High $ 8.54 /GJ Low $ 7.41 /GJ

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21 Jan

8.54

22 Jan

8.45

23 Jan

8.36

24 Jan

8.28

25 Jan

8.22

26 Jan

8.11

27 Jan

7.92

28 Jan

7.79

29 Jan

7.72

30 Jan

7.66

31 Jan

7.57

01 Feb

7.50

02 Feb

7.47

03 Feb

7.41

High $ 9.97 /GJ Low $ 9.22 /GJ

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21 Jan

9.97

22 Jan

9.92

23 Jan

9.87

24 Jan

9.83

25 Jan

9.79

26 Jan

9.74

27 Jan

9.67

28 Jan

9.61

29 Jan

9.57

30 Jan

9.55

31 Jan

9.46

01 Feb

9.33

02 Feb

9.28

03 Feb

9.22

High 16,850.0 GJ Low 5,250.0 GJ

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21 Jan

6,810

22 Jan

13,130

23 Jan

13,700

24 Jan

13,650

25 Jan

12,950

26 Jan

11,550

27 Jan

16,850

28 Jan

16,060

29 Jan

7,400

30 Jan

9,100

31 Jan

12,500

01 Feb

13,470

02 Feb

7,325

03 Feb

5,250

High $ 32.90 /MW Low $ 6.01 /MW

Mar 26

9.08

Apr 26

9.33

May 26

10.05

Jun 26

10.50

Jul 26

10.08

Aug 26

7.68

Sep 26

8.00

Oct 26

6.17

Nov 26

8.61

Dec 26

6.50

Jan 27

6.01

Feb 27

32.90

Mar 27

18.05

Apr 27

9.80

High $ 60.68 /MWh Low $ 0.01 /MWh

21 Jan

7.80

22 Jan

1.93

23 Jan

0.20

24 Jan

0.02

25 Jan

0.01

26 Jan

0.40

27 Jan

1.23

28 Jan

2.82

29 Jan

1.60

30 Jan

2.26

31 Jan

0.60

01 Feb

0.83

02 Feb

60.68

03 Feb

27.61

High $ 73.44 /MWh Low $ 0.01 /MWh

21 Jan

9.18

22 Jan

2.16

23 Jan

0.23

24 Jan

0.02

25 Jan

0.01

26 Jan

0.44

27 Jan

1.39

28 Jan

3.23

29 Jan

2.07

30 Jan

2.67

31 Jan

0.68

01 Feb

0.97

02 Feb

73.44

03 Feb

31.36

High $ 22.04 /MWh Low $ 0.01 /MWh

21 Jan

0.92

22 Jan

1.71

23 Jan

0.19

24 Jan

0.02

25 Jan

0.01

26 Jan

0.38

27 Jan

1.04

28 Jan

1.60

29 Jan

1.50

30 Jan

0.95

31 Jan

0.57

01 Feb

0.72

02 Feb

2.06

03 Feb

22.04

High 219.0 GW Low 185.5 GW

21 Jan

215.1

22 Jan

213.1

23 Jan

207.9

24 Jan

189.7

25 Jan

185.5

26 Jan

194.2

27 Jan

206.1

28 Jan

207.2

29 Jan

210.8

30 Jan

203.6

31 Jan

190.4

01 Feb

188.6

02 Feb

217.4

03 Feb

219.0

High 1296 NZU Low 0 NZU

download data

22 Jan

1065

23 Jan

1296

24 Jan

25 Jan

26 Jan

150

27 Jan

398

28 Jan

500

29 Jan

170

30 Jan

188

31 Jan

01 Feb

02 Feb

577

03 Feb

04 Feb

High $ 0.00 NZU Low $ 0.00 NZU

download data

21 Jan

0.00

22 Jan

0.00

23 Jan

0.00

24 Jan

0.00

25 Jan

0.00

26 Jan

0.00

27 Jan

0.00

28 Jan

0.00

29 Jan

0.00

30 Jan

0.00

31 Jan

0.00

01 Feb

0.00

02 Feb

0.00

03 Feb

0.00

High $ 35.69 NZU Low $ 35.45 NZU

download data

21 Jan

35.47

22 Jan

35.55

23 Jan

35.45

24 Jan

35.45

25 Jan

35.45

26 Jan

35.69

27 Jan

35.60

28 Jan

35.58

29 Jan

35.53

30 Jan

35.48

31 Jan

35.48

01 Feb

35.48

02 Feb

35.47

03 Feb

35.46

High $ 43.23 NZU Low $ 39.86 NZU

download data

21 Jan

43.23

22 Jan

42.80

23 Jan

42.80

24 Jan

42.80

25 Jan

42.80

26 Jan

42.64

27 Jan

42.34

28 Jan

41.92

29 Jan

41.38

30 Jan

41.27

31 Jan

41.27

01 Feb

40.27

02 Feb

40.23

03 Feb

39.86

High 38.13 gkWh Low 28.23 gkWh

More energy data

22 Jan

29.24

23 Jan

30.71

24 Jan

35.62

25 Jan

38.13

26 Jan

36.65

27 Jan

33.93

28 Jan

29.92

29 Jan

28.93

30 Jan

29.06

31 Jan

28.23

01 Feb

28.79

02 Feb

32.99

03 Feb

30.88

04 Feb

29.24

High 98.37 % Low 96.72 %

More energy data

22 Jan

97.78

23 Jan

97.59

24 Jan

97.39

25 Jan

97.16

26 Jan

96.72

27 Jan

96.90

28 Jan

97.54

29 Jan

97.72

30 Jan

98.16

31 Jan

98.37

01 Feb

98.34

02 Feb

97.28

03 Feb

97.54

04 Feb

98.21

Latest Auction Results

Variation January 2026

Latest Results

HAY ➔ BEN (OPT)

2026 Feb	2026 Mar	2026 Apr	2026 Aug	2026 Sep	2026 Oct
$0.87	$0.85	$0.93	$0.88	$0.85	$0.74

BEN ➔ HAY (OPT)

2026 Feb	2026 Mar	2026 Apr	2026 Aug	2026 Sep	2026 Oct
$32.61	$9.08	$9.33	$7.68	$8.00	$6.17

Product	Hedge type	2026 Feb	2026 Mar	2026 Apr	2026 Aug	2026 Sep	2026 Oct
HAY ➔ BEN	OPT	$0.87	$0.85	$0.93	$0.88	$0.85	$0.74
BEN ➔ HAY	OPT	$32.61	$9.08	$9.33	$7.68	$8.00	$6.17

Total bids awarded

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Last updated 10 a.m. 23 Jan 2026

FTR Manager

Auction Notice

February: Primary

Wed, 11, February 2026

12p.m. - 4:30PM

February: Primary

Wed, 11, February 2026

12PM - 4:30PM

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

February: Variation

Wed, 18, February 2026

12p.m. - 4:30PM

February: Variation

Wed, 18, February 2026

12PM - 4:30PM

Nov 2026
Oct 2026
Sep 2026
May 2026
Apr 2026
Mar 2026

Auction Results available by 4pm the following day

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Last updated 10 a.m. 23 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

Variation January 2026

Latest Results

HAY ➔ BEN (OPT)

BEN ➔ HAY (OPT)

Total bids awarded

Latest Auction Stats

Last updated 10 a.m. 23 Jan 2026

FTR Manager

Auction Notice

February: Primary

Wed, 11, February 2026

12p.m. - 4:30PM

February: Primary

Wed, 11, February 2026

12PM - 4:30PM

February: Variation

Wed, 18, February 2026

12p.m. - 4:30PM

February: Variation

Wed, 18, February 2026

12PM - 4:30PM

Auction Results available by 4pm the following day

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Last updated 10 a.m. 23 Jan 2026

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