EEX Japanese Power Futures Contract Specifications
Contract Type |
EEX Japanese Power Future (Financial) | |
Underlying |
1 MW of electricity supplied or purchased per hour in the relevant Japanese market area during the delivery period | |
Load Type |
Baseload or Peakload | |
Delivery Hours |
Baseload: 00:00–24:00 (local time) Peakload: 08:00–20:00 on peak delivery days |
|
Delivery Periods |
Day, Weekend, Week, Month, Quarter, Season (Summer/Winter), Calendar Year, Japanese Fiscal Year (Apr–Mar) | |
| Contract Size | 1 MW × number of delivery hours in the delivery period Baseload: 24 MWh per day (adjusted for DST) Peakload: 12 MWh per peak day |
|
Minimum Trade Size |
1 contract | |
Price Quotation |
Japanese Yen (JPY) per kWh | |
Minimum Price Fluctuation (Tick Size) |
¥0.01 per kWh | |
Price Range |
Prices may be positive or negative | |
Settlement Type |
Cash-settled (financial settlement) | |
Final Settlement Price |
Based on an EEX-determined spot market index reflecting average traded prices | |
Final Trading Day |
Depends on contract type; aligned with the delivery period as specified by EEX | |
Settlement Date |
Typically T+2 ECC business days after final price determination | |
Cascading |
Long-dated contracts cascade into shorter-dated contracts prior to delivery | |
Clearing |
Centrally cleared by European Commodity Clearing (ECC AG) | |
Trading Currency |
Japanese Yen (JPY) | |
Regulatory Framework |
Exchange-traded and regulated by EEX; clearing governed by ECC Clearing Conditions | |
