Contact English Financial derivatives Derivatives Commodities Normative Technology Press room About us DERIVATIVES COMMODITIES homeDerivatives CommoditiesProductsDerivatives on ElectricityCharacteristics CHARACTERISTICS OF DERIVATIVES ON ELECTRICITY Financial contracts are accepted for registration, that is, they are settled by differences. The underlying asset is the delivery of notional electricity, during all relevant hours according to the type of product, in the Spanish pole of the Iberian Energy Market (MIBEL): Base Load: Delivery of the underlying asset from the first hour of the day (0:00 to 00:59 hours) to the last hour of the day (23:00 to 23:59 hours) of all the days included in the period of delivery. On days of time change there will be an additional hour or an hour less. It has a Flat Profile; all Relevant Hours compute the same. Peak Load: Delivery of the underlying asset from the ninth hour of the day (8:00 a.m. to 8:59 a.m.) to the twentieth hour of the day (7:00 p.m. to 7:59 p.m.) of every day Monday, Tuesday, Wednesday , Thursday and Friday included in the delivery period. It has a Flat Profile; all Relevant Hours compute the same. The logging unit is 1MW or 100 KW (0.1 MW) The nominal or multiplier of the contract is established in MWh according to the formula: For contracts with a 1 MW logging unit: MW * No. of contract days * No. of relevant hours of the type of product For contracts with a registration unit 0.1 MW: 0.1 MW * No. of contract days * No. of relevant hours of the product type On daylight saving days, there is an additional hour (if the day has 25 hours) or one hour less (if the day has 23 hours). The contract price is in Euros per MWh (or in Euros per 100 KWh in the case that the registration unit is 100 KW), with a maximum of 2 decimal places. The registration hours are from 8:30 a.m. to 7:00 p.m. SCHEDULE OF NEGOTIATION RATES ADJUSTMENTS IN OPTIONS AND FUTURES ON ACTIONS MEFF TRADE ENTRY DAILY STATISTICS LINKS OF INTEREST FINANCIAL DERIVATIVES SUMMARY FUTURES ABOUT IBEX PRESS RELEASES 09/20/2018 / BME Tomorrow the volatility and strategy indices with IBEX 35® options begin to spread MORE PRESS RELEASES Derivatives on indices Derivatives on shares Derivatives on Commodities MEFF Press Releases Market Hours Market Makers Quotes BME Clearing BME Institute FOLLOW US: Contact Copyright® BME 2018 Market Status Privacy Policy Cookies policy Legal warning Web map Payment to Suppliers