Description
NSE Clearing Limited announces the Due Date Rate (DDR) for Monthly Electricity Futures (ELECMBL) contract expired on April 29, 2026, fixed at Rs. 3899.00 per MWh.
Summary
NSE Clearing Limited has fixed the Due Date Rate (DDR) for the Monthly Electricity Futures contract (ELECMBL) that expired on April 29, 2026. The DDR has been set at Rs. 3899.00 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) that established the DDR procedure for Monthly Electricity Futures.
Key Points
- DDR for ELECMBL contract expired April 29, 2026 is fixed at Rs. 3899.00 per MWh
- Base quantity is 1 MWh
- Commodity: ELECMBL (Monthly Electricity Futures)
- Final settlement will be based on this DDR price
- Issued under Circular Ref. No: 151/2026, Download Ref No: NCL/COM/73990
Regulatory Changes
No new regulatory changes. This circular operationalizes the DDR procedure established under:
- NCL/COM/69054 dated July 10, 2025
- NCL/COM/69390 dated July 30, 2025
Compliance Requirements
Members with open positions in the ELECMBL April 2026 monthly electricity futures contract are required to note the DDR price of Rs. 3899.00 per MWh for final settlement purposes.
Important Dates
- April 29, 2026: Contract expiry date for ELECMBL Monthly Electricity Futures
- April 30, 2026: Date of circular issuance announcing the DDR
Impact Assessment
This is a routine operational circular with limited market impact. It affects only members holding open positions in the ELECMBL April 2026 contract at expiry. The DDR of Rs. 3899.00/MWh serves as the benchmark price for final cash settlement of all outstanding positions in this contract.
Impact Justification
Routine DDR announcement for an expiring electricity futures contract; operationally relevant only to members with open positions in ELECMBL April 2026 contract.