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Description

Contracts are for physical delivery through the transfer of rights in respect of Natural Gas at the Title Transfer Facility (TTF) Virtual Trading Point, operated by Gas Transport Services, the transmission system operator in the Netherlands. Delivery is made equally each hour throughout the delivery period.

Market Specifications

Trading Screen Product Name

Dutch TTF Spot

Trading Screen Hub Name

TTF

Contract Symbol

ETT 

Contract Series

NextHour
WD (Within-day) 

Contract Size

NextHour: 1 MWh 
WD: Between 1 and 24 MWh
  The WD Product is available for trading one hour less on the short clock change day and one additional hour on the long clock change day. All Products of which the delivery spans the March or October clock change deliver one hour shorter (23 hours) or longer (25 hours) than normal (24 hours) 

Unit of Trading

1 MW

Minimum Trading Size

1 lot = 1 MW

Price Quotation

The contract price is in Euros and Euro cents per MWh 

Price Range

Any X, where -3,000 Euro/MW ≤ X ≤ 3,000.00 Euro/MW

Quantity Range

WD (Within-day) any Y where 1 MW ≤ Y ≤ 9,999 MW
NextHour any Z where 1 MW ≤ Z ≤ 49,999 MW

Minimum Price Fluctuation

1 Euro Cent per MW

Tick Value

Contract Size x Minimum Trade Size x Minimum Price Flux

Settlement Method

Physical Delivery 

Delivery Terms

Matching Acquiring and Disposing Trade Nominations (buyer from ICEU, seller to ICEU) are input by ICE to GTS via Edig@s prior to the commencement of the delivery period. Delivery takes place in kilowatt-hours per hour. 

MIC Code

NDXS

Clearing Venues

ICEU

Trading Hours

Codes