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ICE Endex

Dutch Power Peak Futures

Description

Contracts are for physical delivery of power to and from the Dutch high voltage grid. Delivery is made equally each hour between 08:00 (CET) and 20:00 (CET), for each day, excluding weekend days and regardless of public holidays, throughout the contract delivery period. 

Market Specifications

Trading Screen Product Name
Dutch Power Peak Load (8-20) Futures
Trading Screen Hub Name
TenneT
Contract Symbol
DPA
Contract Series
Up to 156 consecutive monthly contracts, or as otherwise determined by ICE Endex. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip 
Contract Size
1 MW x weekdays in contract period (i.e. month, quarter or year) x 12 hours.
Unit of Trading
1 MW
Minimum Trading Size
Futures: 1 lots = 1 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Block Order: 1 lot = 1 MW
Price Quotation
The contract price is in Euros and Euro cents per MWh 
Minimum Price Fluctuation
1 Euro Cent per MWh (€0.01/MWh) 
Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux
Last Trading Day
Trading will cease at the close of business two Business Days prior to the first calendar day of the delivery period. 
Settlement Method
Physical Delivery 
Exchange Delivery Settlement Price
Will be the end of day Settlement Price on the Last Trading Day of the contract 
Delivery 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.
Exchange Rulebook
MIC Code
NDEX
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York2:00 AM - 12:00 PM
02:00 - 12:00
1:45 AM
01:45
London7:00 AM - 5:00 PM
07:00 - 17:00
6:45 AM
06:45
Singapore2:00 PM - 12:00 AM
14:00 - 00:00
1:45 PM
13:45

Codes

Clearing Admin Name
Dutch Pwr 8-20
Physical
DPA
Logical
DPA
GMI (FC)
CA
ION A.C.N.
Symbol Code
DPA