Description

NSE Clearing Limited fixes the Due Date Rate (DDR) for Monthly Electricity Futures (ELECMBL) contract expired on March 30, 2026 at Rs. 3911.00 per MWh.

Summary

NSE Clearing Limited has fixed the Due Date Rate (DDR) for the Monthly Electricity Futures contract (ELECMBL) that expired on March 30, 2026. The DDR has been set at Rs. 3911.00 per MWh, which will be used for final settlement of the expired contract. This circular is issued in reference to earlier circulars NCL/COM/69054 (July 10, 2025) and NCL/COM/69390 (July 30, 2025) which established the final settlement procedure for Monthly Electricity Futures.

Key Points

  • DDR for ELECMBL contract expiring March 30, 2026 is fixed at Rs. 3911.00 per MWh
  • Base quantity is 1 MWh
  • This rate applies to the Commodity Derivatives Segment
  • Issued by NSE Clearing Limited under Circular Ref. No. 122/2026
  • Download Ref No: NCL/COM/73550

Regulatory Changes

No new regulatory changes. This circular is a routine settlement notification under the existing DDR procedure established by:

  • Circular NCL/COM/69054 dated July 10, 2025
  • Circular NCL/COM/69390 dated July 30, 2025

Compliance Requirements

All members of NSE Clearing Limited with open positions in the ELECMBL Monthly Electricity Futures contract expiring March 30, 2026 are required to take note of the DDR for final settlement purposes. Settlement obligations must be met based on the fixed DDR of Rs. 3911.00 per MWh.

Important Dates

  • March 30, 2026: Contract expiry date for ELECMBL Monthly Electricity Futures
  • April 01, 2026: Date of DDR announcement (Circular Ref. No. 122/2026)

Impact Assessment

This is a routine operational circular with limited market impact. It affects only members who held open positions in the ELECMBL March 2026 Monthly Electricity Futures contract at expiry. The DDR of Rs. 3911.00 per MWh will determine final settlement cash flows for those positions. No broader market or regulatory impact is anticipated.

Impact Justification

Routine settlement rate announcement for an already-expired electricity futures contract; affects only members with open positions in ELECMBL March 2026 contract.