Mich Hub Day Ahead Financial Peak (bilateral)1117

Description

24 x 7

Market Specifications

Schedule
All peak hours for the applicable strip length referenced by the market for hours that are hours ending 0800-2300 in the eastern ("EPT") or central ("CPT") prevailing time zone., for Monday thru Friday week days that are non-NERC holidays.
Units of Trading
Contract Size multiplied by the number of off peak hours of every day in the calendar month traded. This will be expressed as "lots" in PTMS.
Currency
US $ and cents per MWH
Minimum Tick
0.05 per MWH
Last Trading Day
The business day prior to the contract month.
Settlement
Cash Settled in USD.
Settlement Dates
Each pricing day during a Determination Period.
Payment Dates
Ten (10) New York Business Days of the month following the Determination Period via wire transfer of Federal Funds.
MIC Code
IEPA