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ICE Clear Europe Limited

Registered in England No.06219884

Registered office: Milton Gate, 60 Chiswell Street, London EC1Y 4SA

November 07, 2023

Mr. Christopher J. Kirkpatrick

Office of the Secretariat

Commodity Futures Trading Commission

Three Lafayette Centre

1155 21st Street, NW

Washington, DC 20581

Re: ICE Clear Europe Self-Certification Pursuant to Commission Rule Rule 40.6 –

ICE Futures Europe UK Electricity Futures Contracts Fee Amendments

Dear Mr. Kirkpatrick:

ICE Clear Europe Limited (“ICE Clear Europe” or the “Clearing House”), a registered 

derivatives clearing organization under the Commodity Exchange Act, as amended (the 

“Act”), hereby submits to the Commodity Futures Trading Commission (the 

“Commission”), pursuant to Commission Rule 40.6 for self-certification, amendments 

to certain clearing fees applicable to its ICE Futures Europe UK Electricity Futures 

Contracts1 as discussed herein. The amendments will become effective on the first 

business day following the tenth business day after submission, or such later date as 

ICE Clear Europe may determine. 

Concise Explanation and Analysis

ICE Clear Europe is amending its clearing fees for ICE Futures Europe UK Electricity 

Futures Contracts. Standard clearing fees for such futures contracts will be increased 

from £0.0035 per MWh to £0.0070 per MWh, and clearing fees for EFP, EFS and block 

transactions in such futures contracts will be increased from £0.0045 per MWh to 

£0.0090 per MWh. The amendments do not otherwise change the terms and conditions 

of clearing under the contract.

1 Capitalized terms used but not defined herein have the meanings specified in the IFEU UK Electricity 

Futures Contracts or, if not defined therein, the ICE Clear Europe Clearing Rules. 
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ICE Clear Europe Limited

Registered in England No.06219884

Registered office: Milton Gate, 60 Chiswell Street, London EC1Y 4SA

Compliance with the Act and CFTC Regulations

The amendments to the clearing fees for the IFEU UK Electricity Futures Contracts are 

potentially relevant to the following core principle: (L) Public Information, and the 

applicable regulations of the Commission thereunder. 

• Public Information. ICE Clear Europe will make publicly available on its 

website the amendments to clearing fees for UK Electricity Futures Contracts 

as set forth above. As such, market participants will have sufficient 

information to identify and evaluate accurately the costs of clearing these 

contracts. ICE Clear Europe therefore believes the amendments are consistent 

with the requirements of Core Principle L and Commission Rule 39.21. 

As set forth herein, the amendments consist of the changes to the clearing fees as set 

forth above. 

ICE Clear Europe hereby certifies that the amendments comply with the Act and the 

Commission’s regulations thereunder. 

ICE Clear Europe received no substantive opposing views in relation to the 

amendments.

ICE Clear Europe has posted a notice of pending certification and a copy of this 

submission on its website concurrent with the filing of this submission. 

If you or your staff should have any questions or comments or require further 

information regarding this submission, please do not hesitate to contact the undersigned 

at George.milton@theice.com or +44 20 7429 4564. 

Very truly yours,

George Milton

Head of Regulation & Compliance