Electricity Futures and Options Contract Specifications
The d-cyphaTrade ASX Electricity Futures Contracts are listed for trading on the Australian state regions of NSW, VIC, QLD and SA. All d-cyphaTrade ASX Electricity Futures and Options Contracts are CFTC approved.
Wednesday 3 Sep 2003
These contract specifications must be read in conjunction with the full ASX 24 Operating Rules in conjunction with ASIC Market Integrity Rules (ASX 24 Market). In addition, please see the Energy Market Policy for further details.
Please see here for the ASX 24 Product Trading and Expiry Calendars which outline the last trading day for each product and the days the exchange will be closed for holidays.
 | Contract Hours & holidays 13 - 17 | PDF, 14Kb |
| Monthly Base Hours 2013 | PDF, 10Kb |
| Quarterly Base Hours 2013 - 2017 | PDF, 10Kb |
| Quarterly Peak Hours 2013 - 2017 | PDF, 12Kb |
| Futures and Options Contract Specs | PDF, 365Kb |
| Option Expiration Dates 2014 - 2017 | PDF, 14Kb |
Base Load Month Electricity Futures
1 Megawatt of electrical energy per hour based on a base load profile. Where the base load profile is defined as the National Electricity Market (NEM) base load period from 00:00 hours Monday to 24:00 hours Sunday over the duration of the Contract Month.
Base Load Quarter Electricity Futures
1 Megawatt of electrical energy per hour based on a base load profile. Where the base load profile is defined as the National Electricity Market (NEM) base load period from 00:00 hours Monday to 24:00 hours Sunday over the duration of the Contract Quarter.
Peak Period Quarter Electricity Futures
1 Megawatt of electrical energy per hour based on a peak-period profile. Where the peak-period profile is defined as the National Electricity Market (NEM) peak-period from 07:00 hours to 22:00 hours Monday to Friday (excluding Public holidays, as determined and published by ASX) over the duration of the Contract Quarter.
Strip Futures Products
Pre-determined Calendar (Cal) and Financial (Fin) Year Strip Futures Products are also available for trading in base load, peak-period, and off-peak electricity exposure.
Quarter Base $300 Cap Products
1 Megawatt of electrical energy per hour on a Base Load profile. Where the base load profile is defined as the National Electricity Market (NEM) base load period from 0:00 hours Monday to 24:00 hours Sunday over the duration of the Contract Quarter.
Options on Calendar (Cal) & Financial (Fin) Year Base Load Strip Futures Products
Options over the Calendar & Financial Year Base Load Strip Futures Products: 1 Megawatt of electrical energy per hour on a Base Load profile for the respective States (NSW, QLD, VIC and SA) over the duration of a Calendar/Financial Year.
Australian Power Index
The methodology of selecting the component futures contracts for inclusion in both the Australian Power Index (National) and the Australian Power Index (Eastern) have been determined on the basis of contract liquidity and open interest.
WEPI
WHOLESALE ELECTRICITY PRICE INDEX - Indicative Daily Cost of Wholesale Electricity (including hedge assumptions). The WEPI™ provides a simple, easily reportable index that reflects daily changes to contract and spot market conditions and their effect on the stability of the underlying wholesale price for electricity in the NEM.