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ICE Futures U.S.

CAISO NP-15 Fifteen Minute Marker Off-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 CAISO for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
Off-Peak Futures
Trading Screen Hub Name
NP15 FMM Off-Peak
Contract Symbol
CIQ
Settlement Method
Cash settlement
Contract Size
25 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 365 consecutive daily contract periods
Last Trading Day
Six business days following the nominal contract day
Final Settlement
Reference Price A
REFERENCE PRICE A
ELECTRICITY-CAISO-NP15-FMM
a) Ref Price A - Description
" ELECTRICITY-CAISO-NP15-FMM " 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 California ISO at http://oasis.caiso.com/mrioasis/logon.do , under the headings "Prices: FMM Locational Marginal Prices: P/APNode ID: TH_NP15_GEN-APND ‘ 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 0100-0600, 2300-2400 PPT
d) Ref Price A - Pricing calendar
CAISO
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
The fifth 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 WestOPDaily
Physical
CIQ
Logical
CIQ
GMI (FC)
:F
ION A.C.N.
Symbol Code
CIQ