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Description

A financially settled peak load daily 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 Tokyo Area for each day, excluding weekends and public holidays as published by JEPX, throughout the contract period.

Market Specifications

Trading Screen Product Name

Japanese (Tokyo Area) Power Financial Daily Peak Futures

Trading Screen Hub Name

Tokyo Grid

Trading Screen Product Name

Japanese (Tokyo Area) Power Financial Daily Peak Futures

Contract Symbol

JTY

Contract Series

Up to 92 consecutive daily contracts or as otherwise determined and announced by ICE Endex from time to time. All Daily Products are strips of one or more daily contracts and are listed in parallel. 7 consecutive days. 5 consecutive weekends. Weekends are strips of 2 consecutive daily contracts (Saturday and Sunday).

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

Futures: 1 lot = 1MW
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

The cash settlement price of the contract is equal to the arithmetic mean of 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 Tokyo Area for each day, excluding weekends and public holidays as published by JEPX, throughout the contract period.

Exchange Rulebook

ICE Futures Europe Rulebook.

Last Trading Day

Peakload Dailies Only
Trading will cease at the close of business on the Business Day prior to the delivery day, except when the delivery day is the day after a non-Business Day, in which case trading will cease at the close of business on the first Business Day after the non-Business Day.
Trading of Week contracts will cease at the close of business on the last Business Day before the delivery period.

MIC Code

IFEU

Clearing Venues

ICEU

Trading Hours

Codes