German Power Baseload Calendar Month Futures - Contract Specs
| Contract Unit | 1 MWh per hour x 24 hours x # of days in the contract month adjusted for DST |
|---|---|
| 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 per MWh |
| Product Code | CME Globex: DEB CME ClearPort: DEB Clearing: DEB |
| Listed Contracts | Monthly contracts listed for the current year and the next 4 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the November 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 U.S business day prior to the last calendar day of the contract month. |
| Days or Hours | Baseload refers to every hour of the day for every day of the contract month. Adjustments will be made to the number of MWhs for Daylight Savings Time to reflect the total number of hours in each calendar month. The range will be from 672 to 745 MWh. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | |
| Vendor Codes |
