Description
NSE Clearing announces the Due Date Rate (DDR) for Monthly Electricity Futures contract expired on December 30, 2025, fixed at Rs. 3859.00 per MWh.
Summary
NSE Clearing Limited has announced the Due Date Rate (DDR) for the Monthly Electricity Futures contract (ELECMBL) that expired on December 30, 2025. The DDR has been fixed at Rs. 3859.00 per MWh (Megawatt-hour). This circular is issued in reference to the Final Settlement (DDR) Procedure for Monthly Electricity Futures as outlined in previous circulars NCL/COM/69054 dated July 10, 2025, and NCL/COM/69390 dated July 30, 2025.
Key Points
- DDR fixed at Rs. 3859.00 per MWh for ELECMBL contract
- Contract expiry date: December 30, 2025
- Base quantity: 1 MWh
- Applicable to Commodity Derivatives Segment
- Members are required to note this settlement price
Regulatory Changes
No regulatory changes introduced. This is a routine settlement price notification following established procedures.
Compliance Requirements
- All members of the Commodity Derivatives Segment must take note of the DDR price
- Settlement of expired ELECMBL contracts must be conducted at the notified DDR of Rs. 3859.00 per MWh
- Members should reconcile their positions based on this final settlement rate
Important Dates
- December 30, 2025: Contract expiry date for ELECMBL Monthly Electricity Futures
- December 31, 2025: DDR notification date
Impact Assessment
This circular has limited market impact as it is a routine operational notification for settlement of an expired commodity futures contract. The impact is confined to members who held positions in the December 2025 ELECMBL contract and need to settle their obligations at the declared DDR. The settlement price of Rs. 3859.00 per MWh will be used for final mark-to-market calculations and cash settlements for this specific contract expiry.
Impact Justification
Routine settlement price notification for expired electricity futures contract affecting only participants with positions in ELECMBL December 2025 contract.