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Description

A financially settled base load monthly futures contract based upon the half-hourly prices from 00:00 JST to 24:00 JST of the day-ahead auction of the Japan Electric Power Exchange (JEPX) for the market area Tokyo Area throughout the contract period.

Market Specifications

Trading Screen Product Name

Japanese (Tokyo Area) Power Financial Base Futures

Trading Screen Hub Name

Tokyo Grid

Contract Symbol

JTB

Contract Series

Up to 156 consecutive monthly contracts, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip.

Contract Size

1 MW per day in the contract period (i.e. month, quarter, season or year) x 24 hours.

Unit of Trading

1 MW

Minimum Trading Size

Futures: 1 lot = 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 JPY (¥) per kWh

Minimum Price Fluctuation

0.01 Yen per kWh (¥ 0.01/kWh)

Tick Value

Contract Size x Minimum Trade Size x Minimum Price Flux

Last Trading Day

Month contracts will cease trading at the close of business one UK Business Day prior to the last calendar day of the contract delivery period.

Quarter, season, year and fiscal year contracts will cease trading at the close of one UK Business Days prior to the first calendar day of the delivery quarter, season, year or fiscal year.

Settlement Month

Financially Settled.

Cash Settlement Price

The cash settlement price of the contract is equal to the arithmetic mean of the half-hourly prices from 00:00 JST to 24:00 JST of the day-ahead auction of the Japan Electric Power Exchange (JEPX) for the market area Tokyo Area of all days within the contract delivery period.

Exchange Rulebook

ICE Futures Europe Rulebook

MIC Code

IFEU

Clearing Venues

ICEU

Trading Hours

Codes