Hydro GO Futures83047736
ICE Endex
Hydro GO Futures
Description
The Contract is physically deliverable where each Clearing Member with a position open at cessation of trading for a contract month is obliged to make or take delivery of European Energy Certificate System (EECS) Hydro Guarantees of Origin (GO) to or from ICEU’s account at the Statnett NECS registry with the Association of Issuing Bodies (AIB).
Market Specifications
- Trading Screen Product Name
- Hydro GO Futures
- Trading Screen Hub Name
- AIB
- Contract Symbol
- GOX
- Contract Series
- Up to 3 January contracts or as otherwise determined and announced by ICE Endex from time to time.
- Contract Size
- One lot of 1,000 EECS Hydro Guarantees of Origin where one Guarantees of Origin equals 1 MWh.
- Unit of Trading
- An EECS Hydro GO issued under Principles and Rules of Operation of the AIB for the EECS (EECS Rules) in the country where the GO is issued, and which has the meaning given to ‘Guarantee of Origin’ under Article 2 and Article 19 of EU Directive 2018/2001 of the European Parliament and is issued in response to a request from a producer of electricity from Hydro sources. consistent with Technology Code T03XXXX or T04XXXX and Fuel Code F01050200 of the EECS Rules Fact Sheet 5 - Types of Energy Inputs and Technologies (as amended from time to time).
All deliverable EECS Hydro GOs must be issued by an Authorised Issuing Body (as defined in the EECS Rules) that is connected to the AIB grid as announced by ICE Endex from time to time.
All deliverable EECS Hydro GOs must be valid in accordance with C6 of the EECS Rules.
For a January contract only EECS Hydro GOs generated between February and December of the previous calendar year are eligible for delivery, provided that these GOs are valid at least on the last calendar day of February, the calendar month following the month in which the contract ceases to trade. - Minimum Trading Size
- Futures:1 lot = 1,000 Hydro GOs
Exchange for Swap: 10 lots = 10,000 Hydro GOs
Block Order: 10 lots = 10,000 Hydro GOs
- Price Quotation
- The contract price is in Euros and Euro Cents per MWh
- Minimum Price Fluctuation
- 1 Euro Cent per MWh (€0.01 per MWh)
- Tick Value
- €10.00 per lot.
- Last Trading Day
- Trading will cease at the close of business 3 business days prior to the last business day of the contract month.
- Settlement Method
- Physical Delivery
- Exchange Delivery Settlement Price
- The EDSP shall be the Settlement Price established by ICE Endex at the end of the closing period on the last day of trading for the relevant delivery month.
- Delivery Terms
- Each Clearing Member with a position open at cessation of trading is obliged to make or take delivery of GOs to or from an account in an AIB registry (as defined in the EECS Rules) in accordance with the Rules.
The physical delivery of GOs is to be made by means of a transfer of GOs from an AIB registry account of the Seller to the AIB registry account of the Clearing House, and from the AIB registry account of the Clearing House to an AIB registry account of the Buyer, in accordance with any applicable delivery requirements under the EECS Rules.
- MIC Code
- NDEX
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 2:00 AM - 12:00 PM 02:00 - 12:00 | 1:45 AM 01:45 |
| LONDON | 7:00 AM - 5:00 PM 07:00 - 17:00 | 6:45 AM 06:45 |
| SINGAPORE | 3:00 PM - 1:00 AM* 15:00 - 01:00 | 2:45 PM 14:45 |
Codes
- Clearing Admin Name
- AIB GO
- Physical
- GOX
- Logical
- GOX
- GMI (FC)
- ION A.C.N.
- Symbol Code
- GOX