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Description

Contracts are for physical delivery of power to and from the high voltage grid of Belgium. Delivery is made equally each hour throughout the contract delivery period from 00:00 (CET) on the first day of the month until 24:00 (CET) on the last day of the month.

Market Specifications

Trading Screen Product Name

Belgian Power Base Load Futures

Trading Screen Hub Name

ELIA

Contract Symbol

BPB

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 days in the contract period (i.e. month, quarter, or year) x 23, 24 or 25 hours (summer / wintertime).

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

ICE Endex Market Rulebook

MIC Code

NDEX

Clearing Venues

ICEU

Related Products

• Belgian Power Financial Base Futures
• Belgian Power Financial Peak Futures

Trading Hours

Codes