ICE OTC

MISO Mich Hub Day-Ahead Peak

MISO Mich Hub Day-Ahead Peak 28687649

Description

A monthly cash settled swap based upon the mathematical average of daily prices calculated by averaging the peak hourly electricity prices published by MISO for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
Fin Swap-Peak
Trading Screen Hub Name
Mich Hub DA
Rule Number
1340
Settlement Method
Cash settlement
Contract Size
800 MWh
Currency
USD
Trading Price Quotation
0.05
Listing Cycle
Up to 110 consecutive monthly Contract Periods, or as otherwise determined by the SEF
Last Trading Day
Two Business Days prior to the Contract Period
Final Settlement
Average of Reference Price A Prices
REFERENCE PRICE A
ELECTRICITY MISO-MICHIGAN HUB-DAY AHEAD
a) Ref Price A - Description
"ELECTRICITY MISO-MICHIGAN HUB-DAY AHEAD" means that the price for a Pricing Date will be that day's Specified Price per MWh of electricity for delivery on the Delivery Date, stated in U.S. Dollars, published by the MISO at https://www.midwestiso.org/Library/MarketReports/Pages/MarketReports.aspx, under the headings "Library: Market Reports" or any successor headings, that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date
Each Monday through Friday, excluding NERC holidays, that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Average of LMPs for all hours ending 0800-2300 EPT
d) Ref Price A - Pricing calendar
MISO
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
Ten (10) New York Business Days of the month following the Contract Period via wire transfer of Federal Funds.
Other Terms
To be confirmed directly between the parties in their full form of contract. The terms reflected in such contracts shall be controlling.
MIC Code
ICES
Clearing Venues
IEPA

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:05 PM*
19:50 - 18:05
7:40 PM
19:40
London12:50 AM - 11:05 PM*
00:50 - 23:05
12:40 AM
00:40
Singapore7:50 AM - 6:05 AM*
07:50 - 06:05
7:40 AM
07:40

*Next Day

Codes

Clearing Admin Name
Mich Hub DA LMP
Physical
Logical
GMI(FC)
R&N A.C.N.