German Power Peakload Calendar Month Futures - Contract Specs
| Contract Unit | 1 MW x 12 hours = 12 MWh Clears in multiples of the number of weekdays in the contract month |
|---|---|
| Price Quotation | Euro per MWh |
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) |
| Minimum Price Fluctuation | €0.01 x 1 MW x 12 peak hours x # of weekdays/month |
| Product Code | CME Globex: DEP CME ClearPort: DEP Clearing: DEP |
| Listed Contracts | Monthly contracts listed for the current year and the next 2 calendar years. list monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. |
| Settlement Method | Financially Settled |
| Floating Price | The floating price will reference prices for the German power bidding zone during the contract period. Where the German power market is priced in conjunction with the Austrian power market, the floating price shall reference the combined DE/AT zone. Where the German power market is priced independently of the Austrian power market, the floating price shall reference the independent DE zone. Should the German power market be priced in conjunction with any other market area, the floating price shall reference the pricing zone which incorporates Germany. Should the German power market be priced as multiple market areas, the floating price shall reference the pricing zone which incorporates the Amprion GmbH TSO zone, or its successor. The floating price is the arithmetic average of all hourly auction prices run by EPEX Spot for the applicable pricing zone for the contract period. The Exchange shall confirm details of the applicable pricing zone. |
| Termination of Trading | Trading terminates at 12:00 Noon German local time on the business day prior to the last weekday of the contract month. |
| Days or Hours | Peakload refers to all full hours in the weekdays of a calendar month from 8am to 8pm Germany Local Time (12 hours per day) The range is 240 to 276 MWh. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes |
