PJM FE Ohio Day-Ahead Off-Peak Fixed Price Future32749946

Description

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

Market Specifications

Trading Screen Product Name
Off-Peak Futures (1 MW)
Trading Screen Hub Name
PJM FE Ohio DA Off-Peak
Commodity Code
PFO
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
Last Trading Day
The last Business Day of the Contract Period
Final Settlement
Average of Reference Price A Prices
REFERENCE PRICE A
ELECTRICITY-PJM-FE OHIO-DAY AHEAD
a) Ref Price A - Description
"ELECTRICITY-PJM-FE OHIO-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 http://www.pjm.com/markets-and-operations/energy/day-ahead.aspx, under the headings "Daily Day-Ahead Locational Marginal Pricing (LMP): LMP Day-Ahead Data: FE OHIO" 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 ending 0100-0700, 2400 EPT; for each Saturday, Sunday, and NERC holiday, the average of LMPs for all hours ending 0100-2400 EPT
d) Ref Price A - Pricing calendar
PJM
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