European Power Monthly Deferred Settlement (DS) Futures

- manage power price risk with futures matching your physical contracts


Power Futures that Match Physical Energy Contracts

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Monthly DS Futures are tailormade derivatives matching the same cash flow as the physical power contracts, with monthly cash flow during the delivery period. They are a great tool when you wish to mitigate the risk of energy purchases or energy sales in the physical market.

Monthly DS Futures are available for the following markets:

  • Germany
  • France
  • Netherlands
  • Italy
  • Spain
  • Belgium
  • UK

Settlement structure for Monthly DS Power Futures

All European Power Monthly DS futures are settled in EUR or GBP (UK power). Their settlement date is the 20th calendar day of the following delivery month (or the next business day should the 20th calendar day fall on Saturday, Sunday, or other date where settlement banks are closed).

Quarterly Monthly DS Future


For more product information

Please see our Contract specifications >


Contract size & trade lots

All Monthly DS Futures are traded in EUR or GBP (UK Power) (with 0.01 ticks), in contracts of 1 MWh and trade lots of 1 MW.

Market prices

Trading & clearing hours

Continuous trading from 08.00 to 18.00 CET (07:00-17:00 GMT) and trading and clearing of block trades from 07:45 until 18:15 CET (06:45-17:15 GMT).

Holiday calendar

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Benefits with Monthly DS Futures

Tailored to match physical power contracts

Monthly DS Futures have the same cash flow as physical power contracts in Germany, France, the Netherlands, Italy, Spain, Belgium, and the UK. They are useful to both buyers and sellers of energy, to mitigate price risks of physical contracts.

CCP clearing removes counterparty credit risk

All Nasdaq Monthly DS Futures use Nasdaq Clearing for clearing, which removes any counterparty credit risk.

Easy access through existing connectivity

Monthly DS Futures are available to Nasdaq Commodities’ members via Genium INET and Nasdaq approved independent software vendors (ISVs).

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