Difference between revisions of "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 | 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.<ref>{{cite web|url=https://www.fexglobal.com.au/sites/default/files/documents/FEX%20Power%20-%20Futures%20and%20Options_20210211-web_3.pdf|name=FEX Base Peak Power Quarterly Contract Specifications|org=FEX|date=September 2nd, 2021}}</ref> | ||
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Latest revision as of 22:15, 2 September 2021
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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. | ||