OREANDA-NEWS. November 2, 2011. On November 1, 2011 futures contracts on the average power price index in the Center hub (ECBM-10.11 and ECPM-10.11), Ural hub (EUBM-10.11 and EUPM-10.11), Western Siberia hub (SWBM-10.11) and Eastern Siberia hub (SEBM-10.11) were settled.

In accordance with the contracts’ specifications the following final settlement prices were calculated:

ECBM-10.11 – 925,52 RUB/MWh               

ECPM-10.11 – 1073,52 RUB/MWh

EUBM-10.11 – 905,47 RUB/MWh

EUРM-10.11 – 1002,44 RUB/MWh

SEBM-10.11 – 510,55 RUB/MWh

SWBM-10.11 – 595,92 RUB/MWh

The final settlement price is computed in accordance with the contract’s specifications based on the arithmetical mean of all values of the underlying power prices index that were published by the Moscow Energy Exchange for the period October 1st  to 31st, 2011.

The below positions were settled for the following amounts:

ECBM-10.11 – 48 contracts for RUB3.303 million

ECPM-10.11 – 338 contracts for RUB9.910 million

EUBM-10.11 – 208 contracts for RUB14.005 million

EUРM-10.11 – 368 contracts for RUB10.066 million

SEBM-10.11 – 2 contracts for RUB0.076 million

SWBM-10.11 – 2 contracts for RUB0.089 million

During the lifetime of the September power futures 3,044 trades representing 76,479 contracts were executed. Out of this number 966 contracts were held until expiry and were settled for a total of RUB37 million.