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UK Power Market

Nasdaq Commodities provides trading and clearing of financial derivatives for UK Power, offering Futures contracts and Monthly DS Futures Contracts settled against the N2EX Daily Auction Price.

  • Continuous trading in the electronic trading system from 08.00 to 18.00 CET (07:00-17:00 GMT)
  • Trading and clearing of block and EFP/EFS trades from 07:00 until 19.00 CET (06:00-18:00 GMT)

UK Power Futures 

Contracts are provided for Base and Peak Load with weekly, monthly, quarterly and seasonal durations.  Settlement periods run from the front week out to seasonal contracts three years hence.  

  • UK Trading Calendar  

UK Power Monthly Deffered Settlement Futures

Monthly DS futures contracts are provided for UK Power settled against N2EX Day-Ahead Power Auction. 

  • European Trading Calendar

Why Monthly DS Futures?

Today, the majority of European Power and Gas contracts are traded bilaterally as physical contracts with monthly cash flows during the delivery period. Nasdaq Commodities’ Monthly DS Futures are tailor made derivatives matching the exact same cash flow as the physical contracts, hence offering a great tool for mitigating risk of energy purchases and sales in the physical market

Power Monthly DS Futures

Currency

Settlement date

UK Power 

GBP

The 10th Bank day of following month or next business day

Quotation List

Futures
/Monthly DS Futures 

No of

Days

 No of

WDW

No of

Weekend

No of

Weeks

No of

Months

No of

Quarters

No of

Seasons*/

Years

 

HB

BL

PK

OP

BL

PK

OP

BL

PK

OP

BL

PK

OP

BL

PK

OP

BL

PK

OP

BL

PK

OP

Futures

EUK

 

 

 

 

 

 

 

 

 

 

5

 

 

4

 

 

5

 

 

5*

 

 

Monthly DS Futures  

EUKM

5

9

9

9

2

 

2

3

2

2

4

4

4

6

6

6

4

4

4

3

3

3

Contract Size

1 MWh

Trade Lot

1MW

Tick Size

 GBP 0,01

Contract Base

 

WDW = Working Day Week

  • N2EX Day-Ahead Power Auction

Clearing of Futures and Monthly DS Futures

Nasdaq offers clearing of financially settled Futures and Monthly DS Futures through Nadsaq Clearing.

Nasdaq Clearing is the contractual counterparty in all contracts traded at Nasdaq Commodites' financial market. Clearing guarantees the financial settlement. The daily settlement is automatic, and members are connected to the settlement system through a variety of multinational settlement banks. Read more >>

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