Changes to AU Electricity Cap Futures, Base Load Futures and Peak Load Futures
Wed 18 Apr 2012
Effective Trade Date 21st May 2012, As per ASX Notice 098/12 ASX will implement the following changes:
- The d-cyphaTrade ASX $300 Cap Futures Contracts (GN, GV, GQ, GS) (being the New South Wales, Victoria, Queensland and South Australia Base Load Electricity Cap Futures Contracts) will be extended to provide additional Quarter Months for market participants to trade on an ongoing basis the next four Calendar years and three Financial Years, three Calendar Years and four Financial Years. ASX 24 Procedures 2.60.4, 2.62.4, 2.64.4, 2.66.4 will be updated to reflect this change. This will also allow financial year strip functionality.
- The minimum price fluctuations for quoting Futures Contract prices for d-cyphaTrade ASX New South Wales, Victoria, Queensland and South Australia Base Load and Peak Load Electricity Futures Contracts (BN, BV, BQ, BS, PN, PV, PQ, PS) on ASX Trade24 will change from $0.05 per Megawatt hour to $0.01 per Megawatt hour. ASX 24 Procedures 2.60.1, 2.61.1, 2.62.1, 2.63.1, 2.64.1, 2.65.1, 2.66.1, 2.67.1 will be updated to reflect this change.
Participants should ensure that the d-cyphaTrade ASX $300 Cap Futures, Base Load Futures and Peak Load Futures Contracts (BN, BV, BQ, BS, PN, PV, PQ, PS, GN, GV, GQ, GS) are updated in any front, middle and back office systems where appropriate. Data Vendors should ensure that their platforms are updated to reflect the Contract changes listed above as appropriate.
Should you have any queries please contact Paul Roberts on +61 2 9227 0538 or paul.roberts@asx.com.au.