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Power Futures

Futures contracts

NASDAQ OMX Commodities lists base load and peak load futures contracts for trading.

 

Settlement of futures contracts involves both a daily mark-to-market settlement and a final spot reference cash settlement, after the contract reaches its expiry date.

Mark-to-market settlement covers profit or loss from day-to-day changes in the daily closing price of each contract.

Final settlement, which begins at delivery, covers the difference between the final closing price of the futures contract and the system price in the delivery period. Throughout the final settlement period, which starts on the expiry date, the member is credited/debited an amount equal to the difference between the spot market price and the futures contracts final closing price.

 

Futures:

 

 Nordic power

Price area

No of days

No of weeks

 Base

 

 3-9

 6

 Peak

 

 N/A

 5

 Reference

 Nordic system price

  
    

 German power

Price area

No of days

No of weeks

 Base

 

 3-9

 4

 Peak

 

 N/A

 4

 Reference

 EEX phelix

  
    

 Dutch power

Price area

No of days

No of weeks

 Base

 

 N/A

 4

 Reference

 APX

  

 

 UK power

 Price area

 No of days

 No of weeks

 No of months

 No of quarters

 No of seasons

 Base

 

 N/A

 5

 4

 5

 5

 Peak

 

 N/A

 5

 4

 2

 

 Reference

 N2EX

     
       
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