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ICE Futures U.S.

MISO Louisiana Hub Day-Ahead Peak Daily Fixed Price Future

Description

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

Market Specifications

Trading Screen Product Name
Peak Futures
Trading Screen Hub Name
LA Hub DA
Contract Symbol
MLQ
Settlement Method
Cash settlement
Contract Size
800 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 45 consecutive daily Contract Periods
Last Trading Day
The last Business Day prior to the Contract Period
Final Settlement
Reference Price A
REFERENCE PRICE A
ELECTRICITY -MISO-LOUISIANA HUB-DAY AHEAD
a) Ref Price A - Description
" ELECTRICITY-MISO-LOUISIANA 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 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
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
The Third 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
London11:50 PM - 10:00 PM*
23:50 - 22:00
11:40 PM
23:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Pwr East Daily
Physical
MLQ
Logical
MLQ
GMI (FC)
(=
ION A.C.N.
Symbol Code
MLQ