Circular No.: MCX/TRD/092/2026 February 25, 2026
Commencement of Futures Trading in Electricity (Monthly Base Load) June 2026 ContractIn terms of the provisions of the Rules, Bye-Laws and Business Rules of the Exchange, the Members of the Exchange are notified as under:
Electricity June 2026 Futures contract will be available for trading as below:
Contract Launch date | Contract Expiry Date | Contract Expiry Month |
March 02, 2026 | June 29, 2026 | June 2026 |
The contract specification and trading parameters of the contract, as specified in Annexure shall be binding on all the Members of the Exchange and constituents trading through them. Further, for applicable margins, members are requested to refer to the circulars issued by Multi Commodity Exchange Clearing Corporation Limited (MCXCCL) from time to time.
Members are requested to take note of the same.
Rohit Lunker
Asst. Vice President - Market Operations
Kindly contact Customer Support on 022 - 6649 4040 or send an email at customersupport@mcxindia.com for any clarification.
Corporate office
Multi Commodity Exchange of India Limited
Exchange Square, CTS No. 255, Suren Road, Chakala, Andheri (East), Mumbai - 400 093 Tel.: 022 - 6649 4000 Fax: 022 - 6649 4151 CIN: L51909MH2002PLC135594
https://www.mcxindia.com email: customersupport@mcxindia.com
Annexure Contract Specifications of Electricity Futures (Monthly Base Load) ContractParameter | Particulars |
Commodity Name | Electricity |
Commodity Symbol | ELECDMBL |
Contract Description | ELECDMBLMMMYY |
Contracts Available for Trading | Contracts are available for all 12 calendar months in a year. These contracts are listed for current month and next 3 months. |
Contract Start Day | 1st business day of the launch month. A contract is launched 3 months prior to the expiry month, as per launch calendar. |
Last Day of Trading | Business day immediately preceding the last calendar day of the contract expiry month. In case, it falls on a holiday, then the preceding business day. On the contract expiry day, the contract will close at 12 PM, prior to dissemination of spot price on the basis of Unconstrained Market Clearing Price (UMCP) of the corresponding Day Ahead Market (DAM) of Indian Energy Exchange (IEX). |
Contract Duration | Four months is the trading period for these contracts. |
Trading Days | Monday to Friday |
Trading Session | Monday to Friday: 9:00 a.m. to 11:30 p.m. /11:55 p.m.* * based on US daylight saving time period |
Price Quote Basis | Rs. per MWh (excluding all taxes and levies) |
Trading Unit | 50 MWh |
Maximum Order Size | 10 times of trading unit |
Tick size | Rs. 1 per MWh |
Daily price limit | As per recent SEBI circular no. SEBI/HO/CDMRD/DNPMP/CIR/P/2021/9 dated 11th January 2021 regarding "Revision in Daily Price Limits (DPL) for Commodity Futures Contracts" Category: Other Non- Agricultural goods Initial Slab: 6% Enhanced Slab: 3% Aggregate DPL: 9% Once the initial slab limit is breached in any contract, the DPL for that contract shall be relaxed further by the 'Enhanced Slab' after the cooling off period of 15 minutes in the trading. During the cooling off period, trading shall continue to be permitted within the previous slab of DPL. |
Initial margin | Minimum 10% or based on SPAN, whichever is higher ^ |
Additional/Special | In case of additional volatility, an additional margin (on both |
Margin | buy & sell side) and/ or special margin (on either buy or sell side) at such percentage, as deemed fit, will be imposed in respect of all outstanding positions. |
Maximum Allowable Open Position | For individual clients: 3 lakh MWh or 5% of the market wide-open position, whichever is higher. For a member collectively for all clients: 30 lakh MWh or 20% of the market-wide position, whichever is higher. |
Daily Settlement Price (DSP) | All outstanding positions in Futures contracts would be marked to market daily based on the Daily Settlement Price (DSP) as determined by Exchanges as prescribed under SEBI's Master Circulars issued time to time. |
Due Date Rate (DDR) | DDR based on Volume Weighted Average of the DAM-UMCPs (Unconstrained Market Clearing Price) of the Indian Energy Exchange (IEX) of all the calendar days of the expiry month. The price so arrived will be rounded off to the nearest tick. |
Settlement | Cash Settled |
^ The applicable minimum Initial Margin and minimum MPOR for Electricity derivatives will be as per SEBI circular no SEBI/HO/CDMRD/DRMP/CIR/P/2020/15 dated January 27, 2020.
Contract Launch Calendar for Electricity (Monthly Base Load) Futures Contracts expiring during the year 2026-2027Contract Month | Contract Launch Month | Contract Expiry Month |
June 2026 | March 2026 | June 2026 |
July 2026 | April 2026 | July 2026 |
August 2026 | May 2026 | August 2026 |
September 2026 | June 2026 | September 2026 |
October 2026 | July 2026 | October 2026 |
November 2026 | August 2026 | November 2026 |
December 2026 | September, 2026 | December 2026 |
January 2027 | October 2026 | January 2027 |
February 2027 | November 2026 | February 2027 |
March 2027 | December 2026 | March 2027 |
April 2027 | January 2027 | April 2027 |
May 2027 | February 2027 | May 2027 |
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