I'm interested in understanding more about the European Energy Exchange (EEX). In particular, I am focusing on the energy option market and I would like to understand how vanilla options are quoted (i.e. how to read these tables: https://www.eex.com/en/market-data/power/options).
From what I understand, the "settlement price" in the upper table is the price of the options' underlying, i.e. the future on the baseload (that can be monthly, quarterly or yearly). Instead, the "settlement price" of calls and puts (lower table) are actually the prices (closing prices for that day?) of calls and puts. Is my interpretation correct?
And a second clarification: does a monthly future on the baseload refer to the delivery of 1MWh for each hour of a given month, right?
Thank you in advance.