FEX Peak Load Power Quarterly Futures

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Quarterly cash settled futures for New South Wales, Victoria, South Australia, and Queensland electricity, against the Australian Energy Market Operator (AEMO) half-hourly peak-period price.[1]

FEX Peak Load Power Quarterly Futures
Contract Code Quarters

PN - NSW Peak Load Power Quarterly Futures

PV - VIC Peak Load Power Quarterly Futures

PQ - QLD Peak Load Power Quarterly Futures

PS - SA Peak Load Power Quarterly Futures 4qtr Strips

DN - NSW Peak Load Power 4qtr Strip Futures

DV - VIC Peak Load Power 4qtr Strip Futures

DQ - QLD Peak Load Power 4qtr Strip Futures

DS - SA Peak Load Power 4qtr Strip Futures

Contract Type Cash Settled Futures Contract
Underlying New South Wales, Victoria, South Australia, and Queensland electricity, as administrated by the Australian Energy Market Operator (AEMO)
Contract Unit 1 Megawatt of electricity per hour (MWh) across peak-periods from 07.00am to 10.00pm Monday to Friday (excluding Public holidays and days as determined by the exchange) over the duration on the contract quarter. e.g.

59 day contract quarter - 885 MWh

60 day contract quarter - 900 MWh

61 day contract quarter - 915 MWh

62 day contract quarter - 930 MWh

63 day contract quarter - 945 MWh

64 day contract quarter - 960 MWh

65 day contract quarter - 975 MWh

66 day contract quarter - 990 MWh

Contract Currency AUD per megawatt hour (A$/MWh)
Minimum Price Increments Tick Size $0.01/MWh

$8.85 per contract for a 885hr contract

$9.00 per contract for a 900hr contract

$9.15 per contract for a 915hr contract

$9.30 per contract for a 930hr contract

$9.45 per contract for a 945hr contract

$9.60 per contract for a 960hr contract

$9.75 per contract for a 975hr contract

$9.90 per contract for a 990hr contract

Contract Months Quarterly up to 4 years or 16qtrs out

Mar, Jun, Sep, Dec

4qtr Calendar (Dec) and Financial (Jun) Strips

Trading Hours Day; 10.00am - 4.00pm
Last Trade Date The last Business day of the Contract quarter
Settlement Date The fourth Business Day after the Last Trade Date of the contract quarter
Cash Settlement The Expiry Settlement Price is calculated by taking the arithmetic average of the AEMO peak load spot electricity prices, on a half hourly basis until the commencement date of the regulated change in methodology to a five minute basis defined in National Energy Rule 11.103 and from that date on a five minute basis, over the Contract Quarter, for the relevant region, rounded to the nearest cent. A provisional Expiry Settlement Price will be declared on the first Business Day after the Last Trade Date of the Contract and shall be later confirmed on the third Business Day after the Last Trade Date as provided by AEMO.

Notes[edit]

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