ICE Futures U.S.

NYISO Zone F Day-Ahead LBMP Off-Peak Daily Fixed Price Future

NYISO Zone F Day-Ahead LBMP Off-Peak Daily Fixed Price Future 28678195

Description

A daily cash settled Exchange Futures Contract based upon the mathematical average of off-peak hourly electricity prices published by NYISO for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
Off-Peak Futures
Trading Screen Hub Name
NYISO F Off-Peak
Commodity Code
NFO
Settlement Method
Cash settlement
Contract Size
50 MWh
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
Up to 38 consecutive daily Contract Periods, or as otherwise determined by the Exchange.
Last Trading Day
The last Business Day of the Contract Period
Final Settlement
Average of Reference Price A Prices
REFERENCE PRICE A
ELECTRICITY-NYISO-ZONE F (CAPITL)-DAY AHEAD
a) Ref Price A - Description
"ELECTRICITY-NYISO-ZONE F (CAPITL)-DAY AHEAD" means that the price for a Pricing Date will be that day's average of the hourly prices per MWh of electricity for delivery on the Delivery Date, stated in U.S. Dollars, published by the NYISO at http://www.nyiso.com/public/oasis/index.html, under the headings " Pricing Data: Day Ahead Market LBMP: Zonal: CAPITL 61757: LBMP ($/MWhr)" or any successor headings, that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Average of LBMPs for all hours ending 0100-0700, 2400 EPT
d) Ref Price A - Pricing calendar
NYISO
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
The second Clearing Organization business day following the Last Trading Day
MIC Code
IFED
Clearing Venues
ICEU

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Pwr EastOPDaily
Physical
NFO
Logical
NFO
GMI(FC)
R&N A.C.N.