ASX Limited has introduced new Morning and Evening Peak Electricity Futures Contracts aimed at providing market participants with targeted hedging and trading opportunities. These contracts have been launched in response to the significant shift in electricity demand patterns across the Australian National Electricity Market, driven by an increase in renewable energy, particularly solar-led generation. The contracts are now available in New South Wales, Queensland, South Australia, and Victoria, and are listed on a quarterly basis for up to four years. Daniel Sinclair, General Manager of Product Management at ASX Markets, emphasized that these contracts align with evolving electricity demand and support the energy transition across various markets.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.