Description
NSE Clearing announces the Due Date Rate (DDR) for Monthly Electricity Futures contract (ELECMBL) expired on January 30, 2026, fixed at Rs. 3880.00 per MWh.
Summary
NSE Clearing Limited has announced the Due Date Rate (DDR) for the Monthly Electricity Futures contract (ELECMBL) that expired on January 30, 2026. The DDR has been fixed at Rs. 3880.00 per MWh (Megawatt-hour). This is part of the final settlement procedure for monthly electricity futures in the Commodity Derivatives Segment.
Key Points
- Contract: ELECMBL (Monthly Electricity Futures)
- Expiry Date: January 30, 2026
- Due Date Rate (DDR): Rs. 3880.00
- Base Quantity: 1 MWh
- Settlement applies to Commodity Derivatives Segment
- Reference circulars: NCL/COM/69054 (July 10, 2025) and NCL/COM/69390 (July 30, 2025)
Regulatory Changes
No new regulatory changes. This circular is an operational announcement implementing the existing Final Settlement (DDR) Procedure for Monthly Electricity Futures as per previous circulars dated July 10, 2025 and July 30, 2025.
Compliance Requirements
Members are required to:
- Take note of the DDR price of Rs. 3880.00 per MWh for settlement purposes
- Settle positions in the expired ELECMBL contract based on the announced DDR
Important Dates
- January 30, 2026: Contract expiry date
- February 01, 2026: Circular issue date announcing DDR
Impact Assessment
Market Impact: Low - This is a routine settlement announcement affecting only members with open positions in the specific Monthly Electricity Futures contract that expired on January 30, 2026.
Operational Impact: Low - Standard final settlement procedure for commodity derivatives. Members need to process settlements based on the announced DDR of Rs. 3880.00 per MWh.
Financial Impact: Limited to settlement of existing positions in the expired contract at the predetermined DDR price.
Impact Justification
Routine settlement rate announcement for expired electricity futures contract affecting only members with open positions in the specific contract.