Dutch Power Baseload Futures (Week)27994939
ICE Endex
Dutch Power Baseload Futures (Week)
Description
Contracts are for physical delivery of power to and from the Dutch high voltage grid. Delivery is made equally each hour throughout the delivery period from 00:00 (CET) until 24:00 (CET) each day.
Market Specifications
- Trading Screen Product Name
- Dutch Power Base Load Week Futures
- Trading Screen Hub Name
- TenneT
- Trading Period
- Up to the front 4 individual week contracts. Weeks are strips of seven individual and consecutive days from Monday to Sunday.
- Expiration Date
- Trading will cease at the close of business two Business Days prior to the first calendar day of the week.
- Contract Security
- ICE Clear Europe (ICEU) acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement.
- Trading Hours
- Open 08:00, Close 18:00 (CET), Monday – Friday
- Trading Model
- Continuous trading throughout trading hours
- Trading Methods
- Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.
- Unit of Trading
- 1 MW
- Contract Size
- 1 MW x days in the contract period x 23, 24 or 25 hours .
- Minimum Trading Size
- 1 lot = 1 MW
- Minimum Block Order
- 1 lot = 1 MW
- Quotation
- The contract price is in Euros and Euro cents per MWh
- Minimum Price Fluctuation
- Futures – 1 Euro Cent per MWh (€0.01/MWh) EFPs/EFSs/Blocks – 1 Euro Cent per MWh (€0.01/MWh)
- Maximum Price Fluctuation
- There are no limits.
- Tick Value
- Contract Size x Minimum Trade Size x Minimum Price Flux
- Settlement Price
- Fixing each Business Day set out in the applicable Operating Time Schedule, Appendix B1, end of day at approximately 16:00 hours. All timings are CET.
- Position Limit
- Positions are reported to ICE Endex on a daily basis. ICE Endex has powers to prevent the development of excessive positions or unwarranted speculation or any other undesirable situation and may take steps to resolve such situations including the ability to mandate Members to limit the size of such positions or to reduce positions where appropriate.
- Initial Margin
- Calculated on all open contracts, Initial Margin, as defined in the ICE Clear Europe Clearing Rules, is a deposit held by ICE Clear Europe in order to cover the costs that may be incurred in closing out a position in default. It is returned upon the closing of the position, or at expiry, with interest.
- Daily Margin
- All open contracts are 'marked-to-market' daily, with Variation Margin, as defined in the ICE Clear Europe Clearing Rules, being called for as appropriate.
- Delivery/Settlement Terms
- Matching Acquiring and Disposing Trade Nominations (buyer from ICEU, seller to ICEU) are input by buyer, seller and ICEU to TenneT before 13:00 (CET) on each day prior to the commencement of the delivery period. Delivery takes place in kilowatt per quarter hour. The EDSP will be the end of day Settlement Price on the day the contract expires.
- MIC Code
- NDEX
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 2:00 AM - 12:00 PM 02:00 - 12:00 | 1:45 AM 01:45 |
| LONDON | 7:00 AM - 5:00 PM 07:00 - 17:00 | 6:45 AM 06:45 |
| SINGAPORE | 2:00 PM - 12:00 AM* 14:00 - 00:00 | 1:45 PM 13:45 |
Codes
- Clearing Admin Name
- Dutch Pwr BL Wk
- Physical
- DPW
- Logical
- DPW
- GMI (FC)
- CD
- ION A.C.N.
- Symbol Code
- DPW