- Trading Screen Product Name
- Austrian CEGH VTP Natural Gas Daily Futures
- Trading Screen Hub Name
- AVL Daily
- Contract Symbol
AVL
- Contract Series
[Edit this field]
- Contract Size
"1 MW per day in the contract period multiplied by 23, 24 or 25
hours (summer or winter time). Daily Products are adjusted for UK
Bank Holidays.
The Day-Ahead contract (DA) is a strip of a single gas day from
06:00 (CET) on the next weekday to 06:00 (CET) on the following
calendar day. In case of (a) UK bank holidays running either before
Saturday or after Sunday, the Day-Ahead contract is for delivery on
the first weekday after the UK bank holiday(s).
The Balance of Week contract (BOW) is a strip that spans four,
three or two individual and consecutive gas days from Tuesday 6:00
(CET) through to Saturday 06:00 (CET), Wednesday 6:00 (CET) through
to Saturday 06:00 (CET) or Thursday 6:00 (CET) through to Saturday
06:00 (CET) respectively. UK Bank Holidays on Tuesday and/or Friday
are not included in the BOW contract.
The Weekend contract (W/END) is a strip that spans two individual
and consecutive gas days from 6:00 (CET) on Saturday through to
06:00 (CET) on Monday. The W/END contract is extended to three or
four consecutive gas days in case UK bank holidays runs on a Friday
and/or on a Monday.
The Saturday contract (Saturday) is a strip of a single gas day
from Saturday 06:00 (CET) through to Sunday 06:00 (CET).
The Sunday contract (Sunday) is a strip of a single gas day from
Sunday 06:00 (CET) through to Monday 06:00 (CET).
The Working Days Next Week contract (WK/DY NW) is a strip that
spans five individual and consecutive gas days from Monday 6:00
(CET) through to Saturday 06:00 (CET). UK Bank Holidays are not
included in the WK/DY NW contracts in case UK bank holidays runs
sequentially either after Sunday or before Saturday.
The Balance of Month contract (BOM) is a strip of two or more gas
days from two business days ahead to the end of the contract month,
where the first day of any period of non-trading days is considered
to be a business day. N.B. On certain days at the end of a contract
month there will not be a BOM listed.
The Month contracts are strips that span 28, 29, 30 or 31
individual and consecutive gas days from 6:00 (CET) on the first
calendar day of a particular month through to 6:00 (CET) on the
first calendar day of the next month. "
- Unit of Trading
1 MW
- Minimum Trading Size
"Futures: 5 lots = 5 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
- Maximum Price Fluctuation
0.5 Euro Cent per MWh (€0.005/MWh)
- Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux.
- Last Trading Day
Trading will cease at the close of business on the business day
prior to the start 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 ICE to CEGH via Edig@s before
20:00 (CET) on each business day prior to the commencement of the
delivery period. Delivery takes place in kilowatt-hours per
hour.
- MIC Code
- NDEX
- Clearing Venues
- ICEU