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Description

Contracts are for physical delivery of power to and from the Dutch high voltage grid. 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

Dutch Power Base Load Futures

Trading Screen Hub Name

TenneT

Contract Symbol

DPB

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

• Dutch Power Financial Base Futures
• Dutch Power Financial Peak Futures
• Dutch Power Peak Futures

Trading Hours

Codes