The DSP is used in the calculation of the Hedge Value of an FTR and is a key input into the prudential security calculation for each FTR participant on a daily basis. The DSP is based on a combination of an FTR Auction Value, NZ Electricity Futures values and modeled prices at the Benmore and Otahuhu reference GXPs. All DSP values are expressed in $ per MWh.
The clearing manager's daily settlement price (DSP) for FTR products is available on this page. DSP's are derived using a combination of auction, market and model behaviour. Further information surrounding this methodology can be found in the Prudential Security Assessment Methodology found on the document tab of this site.