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Description

A financially settled peak load monthly futures contract based upon the half-hourly prices from 08:00 JST to 20:00 JST of the day-ahead auction of the Japan Electric Power Exchange (JEPX) for the market area Chubu Area for each day, excluding weekends and public holidays as published by JEPX, throughout the contract period.

Market Specifications

Trading Screen Product Name

Japanese (Chubu Area) Power Financial Peak Futures

Trading Screen Hub Name

Chubu Grid

Trading Screen Product Name

Japanese (Chubu Area) Power Financial Peak Futures

Contract Symbol

CHP

Contract Series

Up to 156 consecutive month 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 contract period (i.e. month, quarter, season or year) x 12 hours

Unit of Trading

1 MW

Minimum Trading Size

Options: 1 lots = 1 MW
Exchange for Physical (EFP): 1 lot = 1MW
Exchange for Swap (EFS): 1 lot = 1MW
Block Order: 1 lot = 1MW

Trading 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

Settlement Method

Financially Settled

Cash Settlement Price

A financially settled peak load monthly futures contract based upon the half-hourly prices from 08:00 JST to 20:00 JST of the day-ahead auction of the Japan Electric Power Exchange (JEPX) for the market area Chubu Area for each day, excluding weekends and public holidays, throughout the contract period.

Last Trading Day

Trading will cease at the close of business one UK Business Day prior to the last Business Day of the contract delivery period.
Quarter, season, year and fiscal year contracts will cease trading at the close of one UK Business Day prior to the first calendar day of the delivery quarter, season, year or fiscal year.

MIC Code

IFEU

Clearing Venues

ICEU

Trading Hours

Codes