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German Power Peakload Calendar Month Futures Contract Specs

Contract Unit 1 MWh per hour x 12 hours x # of weekdays in the contract month
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: DEP
CME ClearPort: DEP
Clearing: DEP
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 weekday of the contract month. On the last trading day, trading terminates at 12:00 hours German local time.
Days Or Hours Peakload refers to all full hours in the weekdays of a calendar month from 8am to 8pm Germany Local Time (12 hours per day)

The range is 240 to 276 MWh.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1071
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing