Product description

Within day contracts: Within day contracts enable the market participants to trade gas for physical delivery on the same gas day. The contracts can be traded every trading day between 09:00 AM and 03:00 PM (on all weekends and holidays between 11:30 AM and 12:30 PM), with physical delivery from 06:00 PM to 06:00 AM on the same gas day.

Day contracts: Day contracts enable market participants to trade gas for physical delivery on the following gas day. The day contracts can be traded three (3) days ahead and terminate at 03:00 PM the day before delivery.

Weekend contracts: Enable market participants to trade gas for physical delivery Saturday and Sunday of each week in one contract. Delivery takes place from 06:00 AM Saturday to 06:00 AM Monday. The weekend product will be tradable from Monday at 09:00 AM to Friday until 03:00 PM.

Balance of Month contracts: Balance of Month contracts enable the market participants to trade gas for physical delivery on each gas day for the rest of the present month. Trades are split into individual days and settled individually both for the buyer and the seller. The product is tradable every day from 09:00 AM to 03:00 PM of the month. After 03:00 PM, delivery shifts from the following day to the day after.

Month contracts: Month contracts enable market participants to trade gas for physical delivery on each gas day for the entire month ahead. The product is tradable every day of the month from 09:00 AM to 03:00 PM.

Swap contracts: Swap contracts enable market participants to trade gas for physical delivery in Denmark and the opposite position in Germany within one trade. If a market participant places a bid, the market participant indicates a wish to buy the specified quantity of gas in Denmark and sell the same quantity in Germany. An aggressor on this bid buys the specified quantity of gas in Germany and sells the same quantity in Denmark. If a market participant places an ask, the market participant indicates a wish to sell the specified quantity of gas in Denmark and buy the same quantity in Germany. An aggressor on this ask buys the specified quantity of gas in Denmark and sells the same quantity in Germany. Swap contracts are tradable three (3) days ahead and terminate the day before delivery at 03:00 PM.

Trading product	Delivery or purchase of H-gas defined by Energinet.dk
Trading product	European gas day from 06:00 – 06:00
Trading product	The delivery point of all contracts is NPTF – a virtual trading point
Trading product	The delivery point of Swap contracts are both NPTF and Gaspool Hub
Trading unit	The total amount of gas is 24 MWh per delivery day – based in a 1 MW contract
Trading hours	All Danish banking days from 09:00 AM - 03:00 PM CET
Trading and clearing system	Electronic real-time trading, with our clearing house Nord Pool Spot as central counterpart
Currency	The trading currency is Euro
Tick size	The minimum tick size is 1 MW for sell/purchase bids
Security	A variable security based on the amount of daily trades applies

For further information:

Kenneth Hansen

Sales Manager

Phone: +45 3098 4270