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Nasdaq Commodities’ launch of pan European energy contracts testifies Nasdaq Commodities’ commitment in the European energy space. The new energy offering gives proof of how Nasdaq Commodities want to contribute to the ever changing European energy markets. 

The new product suit consists of Monthly Deferred Settlement Futures (Monthly DS Futures) for European Power and Gas derivatives, with monthly cash settlement and no cascading. The Power offering includes German, French, Belgian, Dutch, UK, Spanish and Italian contracts. The Natural Gas offering includes Dutch TTF, German NCG and Gaspool, UK NBP, French Peg Nord and TRS, and Belgian ZEE. 

For further details, please access Appendix 2: Contract Specifications in our Legal Framework page >

Market Model

All Monthly DS Futures contracts are listed on primary exchange Nasdaq Oslo ASA with clearing through Nasdaq Clearing AB. The pan-European power and gas contracts can be traded in the electronic order-book or reported to the exchange as Block Trades. 

  • Trading and clearing available Monday to Friday between 07:45 and 19:00 CET 
  • European Trading calendar (Closed on 1 Jan, Good Friday, Easter Monday, 24-26 Dec and 31 Dec.)

Power

Market Product code Contract base
Germany EDE EPEX German and Austrian Day-Ahead Auction, i.e. the price of 1 MWh of electricity in Euro
France EFR EPX French Day-Ahead Auction, i.e. the price of 1 MWh of electricity in Euro.
UK EUK N2EX Day-Ahead Power Auction, i.e. the price of 1 MWh of electricity in GBP.
Netherlands ENL APX NL Power Day-Ahead Auction, i.e. the price of 1 MWh of electricity in Euro.
Belgium EBE BELPEX Day-Ahead Market Hourly Prices, i.e. the price of 1 MWh of electricity in Euro.
Spain EES OMIE Day-Ahead Auction, i.e. the price of 1 MWh of electricity in Euro.
Italy EIT GME Day-Ahead Market, National Single Price (PUN), i.e. the price of 1 MWh of electricity in Euro.

Gas Markets

Market Product code Contract base
UK NBP ICIS Heren NBP daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 therm of natural gas in GBpence.
Belgian ZEE ICIS Heren Zeebrugge daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 therm of natural gas in GBpence.
Dutch TTF ICIS Heren TTF daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
German GPO ICIS Heren Gaspool daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
German NCG ICIS Heren NCG daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
French PNO ICIS Heren Peg Nord daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
French TRS ICIS Heren TRS daily price assessment Day-ahead and Weekend Midpoint, i.e. the price of 1 MWh of natural gas in Euro.
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