ASX Electricity Futures and Options – Response to AEMO announcement
Notice reference number:0649.22.06
Date published:15/06/22
Effective as of:15/06/22
Last updated:15/06/22
ASX is aware of the announcement made by Australian Energy Market Operator (AEMO) today at 2:05pm advising the suspension of the spot market until further notice.ASX electricity futures and options contracts will continue to operate under the standard trading hours as per the contract specifications.ASX will continue to determine the daily settlement prices per the standard methodology under the ASX 24 Operating Rules.
ASX is in ongoing contact with AEMO Settlements in relation to the certainty of final spot prices on Tuesday 5 July which will be used to determine the Expiry Settlement Prices of the contracts detailed above.
ASX has been communicating with ASIC regarding the current situation.
One of three founders of Global-Roam back in 2000, Paul has been CEO of the company since that time.
As an author on WattClarity, Paul's focus has been to help make the electricity market more understandable.
Discussion in a number of different places (including an AFR article today) prompted me to pull some data together of how (spot and futures) prices have trended through 2021, and how they changed with the Callide C4 problems.
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