Exchange Fees & Concessions
This page provides detailed information regarding SFE exchange fees and concessions.
Quoted price excludes GST and is on a per contract basis
- Base Load Futures = $37.00
- Peak Period Futures = $16.00
- $300 Cap Products= $37.00
- CAL Year Strip Options = $74.00
- Peak Period Quarter 1 Options = $16.00
Additional Fees (for both Electricity Futures and Options)
- Exchange for Physical (EFP) = Nil
- Block Trades = $30.00 per leg per side
- Mandatory Settlement = As per headline Exchange Fee
- Option Abandonment = Nil
- Option Exercise into futures = As per Exchange Fee of resultant futures
For additional information regarding fees and charges please see the SFE website.
The standard headline exchange fee, as outlined above, equates to approximately $0.017/MWh for all futures and Peak option products. Base load Calendar Option fees equate to $0.0085/MWh.
Where a transaction is undertaken to obtain ‘off-peak' exposure, a concession of $32.00 (ex GST) per Base Load and Peak Period contract traded is available such that the Exchange Fee for trading an ‘implied' Off-Peak futures contract is $21.00 per contract side (ex GST).
Eligibility for this concession requires the simultaneous execution of ‘same state' Base Load and Peak Period Electricity Futures contracts with the same expiry date.
For example, the following trades would qualify for Off-Peak concessions:
- The simultaneous purchase of a Q2 2005 QLD Base Load Electricity futures contract and sale of a Q2 2005 QLD Peak Period Electricity Futures contract; or,
- The simultaneous purchase of the Cal 2006 NSW Base Load Electricity Futures product and sale of the Cal 2006 NSW Peak Period Electricity Futures product.
Pre-paid Exchange Fee Scheme 2008
A Pre-Paid Exchange Fee Scheme for electricity futures and option contracts will operate for trading from 1 April 2008 to 31 December 2008. Market Participants have an opportunity to enter the Pre-Paid exchange fee scheme at any point before 11 April 2008. After that date the scheme will be closed to new subscriptions.
For further information please click here.
Administration of Concession Scheme
Please click the following link for more information regarding the Administration of Concessions and to download the monthly forms.