ICE Endex

Austrian CEGH VTP Gas Futures

Austrian CEGH VTP Gas Futures71523204


Contracts are for physical delivery through the transfer of rights in respect of natural gas at the virtual trading point – CEGH (VTP) in the market region Control Area East pursuant to the Natural Gas Act 2011, operated by the Central European Gas Hub AG (CEGH). Delivery is made equally each hour throughout the delivery period from 06:00 (CET) on the first day of the month until 06:00 (CET) on the first day of the next month.

Market Specifications

Trading Screen Product Name
Austrian CEGH VTP Gas Futures
Trading Screen Hub Name
Commodity Code
Trading Period
Up to 156 consecutive month contracts, or as otherwise determined by the Exchange. Quarterly, seasonal, calendar, and any period of consecutive monthly contracts can be registered as a strip.
Expiration Date
Trading will cease at the close of business two Business Days prior to the first calendar day of the delivery month, quarter, season, or year.
Contract Security
ICE Clear Europe acts as central counterparty to all trades thereby guaranteeing the financial performance of ICE Endex contracts registered in the name of its Members up to and including delivery, exercise and/or settlement.
Trading Hours
Open 08:00, Close 18:00 (CET), Monday – Friday
Trading Model
Continuous trading throughout trading hours
Trading Methods
Electronic futures, Exchange for Physical (EFP), Exchange for Swap (EFS) and Block Trades are available for this contract.
Unit of Trading
1 MW
Contract Size
1 MW x days in the contract period (i.e. month, quarter, season or year) x 23, 24 or 25 hours (summer / winter time)
Minimum Trading Size
Electronic Futures: 5 lots = 5 MW
Exchange for Physical (EFP): 1 lot = 1 MW
Exchange for Swap (EFS): 1 lot = 1 MW
Minimum Block Order
1 lot = 1 MW
The contract price is in Euros and Euro cents per MWh
Minimum Price Fluctuation
0.5 Euro Cent per MWh (€0.005/MWh)
Maximum Price Fluctuation
There are no limits.
Tick Value
Contract Size x Minimum Trade Size x Minimum Price Flux.
Settlement Price
Fixing each Business Day as set out in the applicable Operating Time Schedule, Appendix B.1 at approximately 17:00 hours. Timings are CET.
Position Limit
Positions are reported to ICE Endex on a daily basis. ICE Endex has powers to prevent the development of excessive positions or unwarranted speculation or any other undesirable situation and may take steps to resolve such situations including the ability to mandate Members to limit the size of such positions or to reduce positions where appropriate.
Initial Margin
Calculated on all open contracts, Initial Margin, as defined in the ICE Clear Europe Clearing Rules, is a deposit held by ICE Clear Europe in order to cover the costs that may be incurred in closing out a position in default. It is returned upon the closing of the position, or at expiry, with interest.
Daily Margin
All open contracts are 'marked-to-market' daily, with Variation Margin, as defined in the ICE Clear Europe Clearing Rules, being called for as appropriate.
Delivery/Settlement Terms
Matching Acquiring and Disposing Trade Nominations (buyer from ICEU, seller to ICEU) are input by ICE to CEGH via [email protected] before 13:00 (CET) on each business day prior to the commencement of the delivery period. Delivery takes place in kilowatt-hours per hour. The EDSP will be the end of day Reference Price on the day the contract expires.
MIC Code
Clearing Venues

Trading Hours

New York2:00 AM - 12:00 PM
02:00 - 12:00
1:45 AM
London7:00 AM - 5:00 PM
07:00 - 17:00
6:45 AM
Singapore2:00 PM - 12:00 AM
14:00 - 00:00
1:45 PM


Clearing Admin Name
Austrian VTP BL
R&N A.C.N.