Implied Probability
21.3%
Historical 18.5%
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Parametric protection against sustained extreme wholesale electricity prices.
Bid
11.5%
Provide capacity
Ask
12.1%
Buy protection
Spread
0.6 pts
Indicative market
Implied Probability
21.3%
Historical 18.5%
Available Capacity
$6.8M
$64M listed
Maturity
31 Jan 2027
1 January 2027 – 31 January 2027
Market Spread
0.6 pts
Indicative bid–ask
Illustrative pricing movement over the preceding six weeks.
Current indicative yield
12.1%
Range 10.9%–12.7%
Indicative capacity available by premium rate.
Simulated transactions for demonstration.
| Time | Direction | Notional | Rate |
|---|---|---|---|
| 12:24:18 | Protection | $750K | 12.1% |
| 12:18:42 | Capacity | $1.2M | 11.5% |
| 12:07:11 | Protection | $500K | 12.0% |
| 11:56:35 | Capacity | $2M | 11.4% |
| 11:43:08 | Protection | $900K | 12.1% |
Comparable exposures within the current market or region.
Market Open
Indicative trading
Observation
1 January 2027 – 31 January 2027
Verification
Published electricity-market settlement data
Settlement
31 Jan 2027