PJM WH Real Time HR Financial Peak, LD1 for LMP (bilateral)1124

Description

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Market Specifications

Trading Screen Product Name
Fin Swap-Peak, LD1 for LMP
Trading Screen Hub Name
PJM WH RT (Heat Rate)
Trading Hours
24 x 7
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.
Unit of Trading
Contract Size multiplied by the number of peak hours of every day in the calendar month traded.
Currency
US $ and cents per MWH
Minimum Tick
0.005 per MWH
Last Trading Day
Three business days prior to the contract month.
Settlement
Cash Settled in USD.
Settlement Date
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
Clearing Venues