Description

NSE Clearing Limited has fixed the Due Date Rate (DDR) for Monthly Electricity Futures (ELECMBL) contract that expired on February 27, 2026, at Rs. 3545.00 per MWh.

Summary

NSE Clearing Limited has announced the Due Date Rate (DDR) for the Monthly Electricity Futures contract (ELECMBL) that expired on February 27, 2026. The DDR has been fixed at Rs. 3545.00 per MWh, which will be used for final settlement of the expired contract.

Key Points

  • DDR for ELECMBL contract expiring February 27, 2026, fixed at Rs. 3545.00 per MWh
  • Base quantity is 1 MWh
  • This circular is issued under Download Ref No: NCL/COM/73196 (Circular Ref. No: 101/2026)
  • Issued with reference to earlier circulars NCL/COM/69054 (July 10, 2025) and NCL/COM/69390 (July 30, 2025) which established the DDR procedure

Regulatory Changes

No new regulatory changes. This circular operationalizes the Final Settlement (DDR) Procedure for Monthly Electricity Futures established by earlier circulars NCL/COM/69054 and NCL/COM/69390.

Compliance Requirements

  • Members in the Commodity Derivatives Segment are required to take note of the fixed DDR for ELECMBL
  • Final settlement of positions in the expired ELECMBL contract will be computed at Rs. 3545.00 per MWh
  • For queries, members may contact NSE Clearing support at 1800 2660 050 (Option 2) or support@nsccl.co.in

Important Dates

  • February 27, 2026: Expiry date of the ELECMBL Monthly Electricity Futures contract
  • March 09, 2026: Date of this circular announcing the DDR

Impact Assessment

This is a routine operational circular affecting members of NSE’s Commodity Derivatives Segment who held positions in the ELECMBL Monthly Electricity Futures contract. The DDR of Rs. 3545.00 per MWh will determine the final settlement obligations for all open positions at expiry. Impact is limited to participants in electricity futures and does not affect broader equity or other commodity markets.

Impact Justification

Routine settlement rate fixation for expired electricity futures contract; affects members holding positions in ELECMBL but is an operational/settlement notice rather than a policy change.