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PJM AEP Zone Day-Ahead Peak Fixed Price Future32749943

ICE Futures U.S.

PJM AEP Zone Day-Ahead Peak Fixed Price Future


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

Market Specifications

Trading Screen Product Name
Peak Futures (1 MW)
Trading Screen Hub Name
Contract Symbol
Settlement Method
Cash settlement
Contract Size
1 MW
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
Last Trading Day
The last Business Day of the Contract Period
Final Settlement
Average of Reference Price A Prices
a) Ref Price A - Description
"ELECTRICITY-PJM-AEP -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 PJM at, under the headings "Daily Day-Ahead Locational Marginal Pricing (LMP): LMP Day-Ahead Data: AEP" 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
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
The second Clearing Organization business day following the Last Trading Day
MIC Code
Clearing Venues