Hedging products for the intra-day fluctuations of the modern electricity portfolio.
Enhancing wholesale hedging with time-of-day electricity derivatives supporting Australia's renewable energy transition.
Electricity price risk in the National Electricity Market (NEM) is increasingly intraday in nature.
Price formation is now concentrated in distinct time windows — influenced by renewable generation profiles, storage dispatch, and flexible demand. As a result, risk is no longer evenly distributed across the day.
Traditional flat and peak contracts aggregate this volatility and do not always align with underlying exposure.
TOD Markets has standardised Time-of-Day products to reflect how risk occurs in the NEM, while preserving fungibility, liquidity, and consistent pricing.
This enables risk-aligned intraday hedging, fungible exposures across counterparties and tenors, liquidity concentration in standard contracts, forward curve formation from real market activity, and transparent pricing via live screens and daily closing prices.
TOD Markets is a regulated OTC market infrastructure provider offering standardised Time-of-Day electricity derivatives for the Australian National Electricity Market (NEM).
We operate a screen based OTC Trading System that supports transparent intraday price discovery and disciplined risk management tools for a power system increasingly shaped by renewables, storage, and flexible demand.
Participation spans a broad cross section of the wholesale electricity market, including major retailers, generators, and active trading counterparties across the NEM.
Our standardised Time-of-Day products are structured to reflect underlying demand and risk profiles, enhancing price comparability and supporting the development of sustainable liquidity across counterparties.
TOD Markets operates as neutral infrastructure. We do not act as principal, do not warehouse risk, and do not provide trading advice. Our role is to facilitate fair, orderly, and transparent bilateral OTC trading between wholesale market participants.