European Power Monthly Deferred Settlement (DS) Futures
- manage power price risk with futures matching your physical contracts
explorePower 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).
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 pricesTrading & 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 calendarResource Center
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Holiday Calendar Download Holiday Calendar
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Genium INET Market Model - Commodities - version 4.9 - 12 January 2022 Download Genium INET Market Model - Commodities - version 4.9 - 12 January 2022
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Joint Appendix 3 - Trading and Clearing Schedule (joint Clearing and Trading Rules) Download Joint Appendix 3 - Trading and Clearing Schedule (joint Clearing and Trading Rules)
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Joint Appendix 2 - Contract Specifications (joint Clearing and Trading Rules) Download Joint Appendix 2 - Contract Specifications (joint Clearing and Trading Rules)
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Vendor Codes, German and Nordic Power (XLS) Download Vendor Codes, German and Nordic Power (XLS)
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Product Calendar Download Product Calendar
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Product Calendar for Clearing Only Download Product Calendar for Clearing Only
Related information
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Key Features
- Manage power price risks efficiently
- Excellent liquidity
- Capable trading system & Low latency
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Electricity CertificatesKey Features
Electricity Certificates
- reliable trading, clearing and delivery of electricity certificates- Transparency and reliability
- Easy access and flexible membership
- CCP clearing removes counterparty credit risk
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).