Australian Power Strip
The Australian Power Strip represents a single national basket of electricity futures listed across the National Electricity Market Regions of NSW, VIC, SA and QLD.
All d-cypha SFE Electricity Futures and Options Contracts are CFTC approved.
THE AUSTRALIAN POWER STRIP
The Australian Power Strip is a Strip of d-cypha SFE Australian Electricity Futures contracts.
The Strip is capable of being traded on the Sydney Futures Exchange. The closing price of the Australian Power Strip is published daily via the d-cyphaTrade website http://www.d-cyphaTrade.com.au
The chart below is of the APS daily settlement prices (using the Official Daily Settlement Prices of the underlying contracts: BQ, BN, BV and BS).
APS as at 31 Dec-07
VARIATION ON THE AUSTRALIAN POWER STRIP
The following chart is an average of the prompt calendar year base load contracts across the 4 state regions. Tradable via the SFE custom market or via the off market "Block Trade" mechanism as a strategy incorporating HQ, HN, HV and HS.
National Variation on the APS- as at 31 Dec-07
AUSTRALIAN POWER STRIP METHODOLOGY
The Australian Power Strip as published daily on the d-cyphaTrade website is calculated by taking an arithmetic average of the official daily settlement prices of a common quarter of base load d-cypha SFE Australian Electricity futures contracts, across the four major NEM regions (NSW, VIC, SA and QLD).
The contracts included in the basket are based on a rolling 1 year forward continuation Strip. As such the Australian Power Strip includes the quarter base load futures contracts for NSW, VIC, SA and QLD, which are 1 year forward from the currently settling spot futures contracts. For example, if the spot futures contract is Q3 2006, the contracts included in the Australian Power Strip will be Q3 2007 contracts.
The components of the Australian Power Strip are rolled over to the next listed contracts at the commencement of each new calendar quarter (1st business day in January, April, July and October).
