Electricity Futures

Mondo Visione  Nov 24  Comment 
The Tokyo Commodity Exchange, Inc. is preparing to create a single marketplace for energy, with futures contracts including electricity and LNG, following the government’s “Growth Strategy 2017”. With an expectation of listing in September...
Mondo Visione  Nov 22  Comment 
The Tokyo Commodity Exchange, Inc. (TOCOM) and Singapore Exchange (SGX) have signed a memorandum of understanding (MOU) to cooperate in developing the liquefied natural gas (LNG) market in Asia, a region that accounts for over 60% of the world’s...
Mondo Visione  Sep 9  Comment 
In accordance with the Ministerial Decree no. 2016/9154, dated 07/09/2016, issued in the Official Gazette no. 92825, dated 08/09/2016, it is decided to continue “Daylight Saving Time” all year long. The same Decree also repeals the previous...
Mondo Visione  Feb 1  Comment 
SGX Electricity Futures (EF) ended the first month of trading in 2016 with 123 lots, the third highest month after December and July. Total volume since trading started in June last year is now 1,056 lots (1,160 GWh). Open interest as at the end...
Mondo Visione  Jan 7  Comment 
Odaş Elektrik Üretim Sanayi Ticaret A.Ş., along with Is Investment became market maker for Electricity Futures Contracts on January 4, 2016. With this new addition, Is Investment expanded its market making activities in electricity futures to...
Mondo Visione  Nov 25  Comment 
Market maker requirements are regulated according to the Notice numbered 2015/86 and dated 15/09/2015. In this respect,minimum order size requirement for Base Load Electricity Futures is 50 contracts. Referring to the article 7 of the...
The Straits Times  Mar 23  Comment 
March 24, 2015 2:55 AM The Singapore Exchange (SGX) will start market making in electricity futures from April 1.
Mondo Visione  Feb 24  Comment 
On 23 February 2015 the Ministry of Finance issued a decision authorizing the start of trading commodity derivatives on the Financial Instruments Market (RIF) to be operated by the Polish Power Exchange (PolPX). According to the decision of the...
The Straits Times  Mar 31  Comment 
April 01, 2014 1:18 AM THE Singapore Exchange (SGX) is planning to launch the first electricity futures in Asia.     
Mondo Visione  Mar 31  Comment 
Singapore Exchange (SGX) is consulting the public on the proposed introduction of SGX Uniform Singapore Energy Price (USEP) Quarterly Base Load Electricity Futures, to be traded on SGX-Derivatives Trading platform and cleared on SGX-Derivatives...




 
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Electricity futures are traded on the New York Mercantile Exchange under ticker symbol JM in U.S. dollars and cents per Mwh.[1]


Delivery Dates

Electricity futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]

The following is a table with Electricity futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009JMF9JMF9
February, 2009JMG9JMG9
March, 2009JMH9JMH9
April, 2009JMJ9JMJ9
May, 2009JMK9JMK9
June, 2009JMM9JMM9
July, 2009JMN9JMN9
August, 2009JMQ9JMQ9
September, 2009JMU9JMU9
October, 2009JMV9JMV9
November, 2009JMX9JMX9
December, 2009JMZ9JMZ9

Contract Specifications

Contract Size

One Electricity futures contract on the New York Mercantile Exchange is 40 megawatt hours (Mwh) per peak day (between 19 and 23 days) depending on the month. Depending on the number of peak days in the month, the number of megawatt hours will vary (between 760 Mwh and 920 Mwh)..[1]

Tick Value

$0.05 per Mwh.[1]

Daily Price Limit

No price limits.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM, New York Time.[1]

Last Trading Day

One business day before the last peak day of the month.[1]

Deliverable Grades

Electric energy delivered shall be in the form of three phase current alternating at a nominal frequency of 60 hertz.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The New York Mercantile Exchange's contract specification for Electricity futures
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