As per the preceding notice on January 14th, 2021, TOCOM expanded the acceptable range for the price specified in Article 2, Paragraph 1 of the Off-floor Transactions Detailed Rules, and this is to notify our decision to further widen the range as shown below, considering the recent volatility in the physical market. Please note that the execution results of special treatments will not be reflected in the market data section on our website, but will be separately published in the “Market News”.
1.Products and Contract months
(1)Products
The following four electricity futures products
- East Area Baseload Futures
- East Area Peakload Futures
- West Area Baseload Futures
- West Area Peakload Futures
(2)Contract months and the range of Special Registration Price
Contract months | Range of the Special Registration Price (P) |
January 2021 Contract | JPY 0.01≦P<[X-(Y×32%)] or
[X+(Y×32%)]<P<JPY211 |
February 2021Contract | |
March 2021Contract | JPY 0.01≦P<[X-(Y×32%)] or
[X+(Y×32%)]<P<[X+(Y×90%)] |
X:the Final Execution Price of Individual Auction of applicable Clearing Period, provided, however, if there is no execution price during the said Clearing Period, the Settlement Price of the immediately preceding Clearing Period (or the price determined by the Exchange considering market condition and the prices of immediately preceding contract months during the said Clearing Period in case of a new contract month)
Y:the Settlement Price of the immediately preceding Clearing Period (or the price determined by the Exchange considering market condition and the prices of immediately preceding contract months during the said Clearing Period in case of a new contract month)
P:the Special Registration Price
※In case of off-Floor transaction for futures strip, please consult with us.
2.Effective Date and Time
From the Day Session on the 26th of January 2021