- Trading Screen Product Name
- Off-Peak Futures (1 MW)
- Trading Screen Hub Name
- Mich Hub DA Off-Peak
- Contract Symbol
MGQ
- Settlement Method
Cash settlement
- Contract Size
1 MW
- 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 50 consecutive monthly 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-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 day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
For each Monday through Friday, excluding NERC holidays, the
average of LMPs for all hours, EST, that are not ending 0800-2300
EPT; for each Saturday, Sunday, and NERC holiday, the average of
LMPs for all hours ending 0100-2400 EST
- d) Ref Price A - Pricing calendar
MISO
- e) Ref Price A - Delivery Date
Contract Period
- Final Payment Date
The sixth Clearing Organization business day following the Last
Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU