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German Power Baseload Calendar Month Futures Contract Specs

Contract Unit 1 MWh per hour x 24 hours x # of days in the contract month adjusted for DST
Price Quotation Euro per MWh
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation €0.01 per MWh
Product Code CME Globex: DEB
CME ClearPort: DEB
Clearing: DEB
Listed Contracts Monthly contracts listed for the current year and the next 2 calendar years.  Monthly contracts for a new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The floating price will reference prices for the German power bidding zone during the contract period.  Where the German power market is priced in conjunction with the Austrian power market, the floating price shall reference the combined DE/AT zone.  Where the German power market is priced independently of the Austrian power market, the floating price shall reference the independent DE zone.  Should the German power market be priced in conjunction with any other market area, the floating price shall reference the pricing zone which incorporates Germany.  The floating price is the arithmetic average of all hourly auction prices run by EPEX Spot for the applicable pricing zone for the contract period.  The Exchange shall confirm details of the applicable pricing zone.
Termination Of Trading Trading terminates on the first NYMEX business day prior to the last calendar day of the contract month. On the last trading day, trading terminates at 12:00 hours German local time.
Days Or Hours Baseload refers to every hour of the day for every day of the contract month.

Adjustments will be made to the number of MWhs for Daylight Savings Time to reflect the total number of hours in each calendar month. The range will be from 672 to 745 MWh.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1070
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing