Total Contracts
11
Across all lifecycle stages
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Product Operations
Manage the full lifecycle of climate and operational risk contracts from design and approval through trading, observation and settlement.
Total Contracts
11
Across all lifecycle stages
Trading
4
Open or closing soon
Observation
2
Triggers actively monitored
Requiring Review
3
Approval or data attention
Listed Notional
$347M
Current active catalogue
Capacity Utilisation
64.9%
Across listed contracts
Indicative development of contracts across product, trading and settlement stages.
Monitor pricing, approvals, triggers and operational readiness.
| Contract | Lifecycle | Region | Yield | Probability | Notional | Utilisation | Trigger Proximity | Data | Approval | Settlement | Participants | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Queensland Heatwave Protection THEORI-CLM-QLD-HW27 | Open | Queensland | 10.4% | 18.2% | $42M | 73% | 68% | Healthy | Approved | Monitoring | 14 | |
| NSW Wind Generation Floor THEORI-ENG-NSW-WF27 | Open | New South Wales | 8.7% | 13.6% | $28.5M | 71% | 47% | Healthy | Approved | Monitoring | 9 | |
| Queensland Spot Price Cap THEORI-ENG-QLD-PC27 | Closing Soon | Queensland | 12.1% | 21.3% | $64M | 89% | 74% | Healthy | Approved | Monitoring | 17 | |
| Victorian Solar Output Protection THEORI-ENG-VIC-SO26 | Observation | Victoria | 9.2% | 15.8% | $35M | 74% | 58% | Healthy | Approved | Ready | 11 | |
| South Australia Grid Outage Note THEORI-INF-SA-GO27 | Indicative | South Australia | 11.6% | 9.4% | $51M | 41% | 38% | Pending | Review Required | Not Applicable | 7 | |
| Murray–Darling Rainfall Deficit THEORI-WTR-MDB-RD27 | Observation | Murray–Darling Basin | 7.9% | 17.1% | $23M | 69% | 61% | Degraded | Approved | Monitoring | 8 | |
| Western Australia Cyclone Disruption THEORI-CLM-WA-CY27 | Open | Western Australia | 13.4% | 11.2% | $72M | 74% | 53% | Healthy | Approved | Monitoring | 12 | |
| Tasmanian Hydro Inflow Floor THEORI-WTR-TAS-HI27 | Under Review | Tasmania | 8.3% | 14.7% | $31.5M | 28% | 32% | Pending | Pending | Not Applicable | 5 |
Contracts approaching triggers or currently within observation periods.
Queensland Spot Price Cap
1 January 2027 – 31 January 2027
Data Health
Healthy
Settlement
Monitoring
Last Updated
5 Aug 2026
Queensland Heatwave Protection
1 December 2026 – 31 March 2027
Data Health
Healthy
Settlement
Monitoring
Last Updated
5 Aug 2026
Murray–Darling Rainfall Deficit
1 July 2026 – 30 June 2027
Data Health
Degraded
Settlement
Monitoring
Last Updated
5 Aug 2026
Victorian Solar Output Protection
1 October 2026 – 31 December 2026
Data Health
Healthy
Settlement
Ready
Last Updated
5 Aug 2026
Illustrative outcomes from completed or expired contracts.
| Contract | Outcome | Notional | Settlement | Maturity | Participants |
|---|---|---|---|---|---|
Queensland Heatwave Protection — Summer 2026 THEORI-CLM-QLD-HW26 | Triggered | $31M | $7.8M | 31 Mar 2026 | 12 |
Victorian Solar Output Protection — Q1 2026 THEORI-ENG-VIC-SO26Q1 | No Trigger | $22.5M | $0 | 31 Mar 2026 | 8 |
South Australia Grid Outage Note — Summer 2026 THEORI-INF-SA-GO26 | Expired | $18M | $0 | 28 Feb 2026 | 6 |