CAISO SP-15 Fifteen Minute Marker Peak Daily Fixed Price Future42944102

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
Peak Futures
Trading Screen Hub Name
SP15 FMM
Commodity Code
CSY
Settlement Method
Cash settlement
Contract Size
400 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-SP15-FMM
a) Ref Price A - Description
" ELECTRICITY-CAISO-SP15-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_SP15_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 0700-2200 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
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Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM
08:40

*Next Day

Codes

Clearing Admin Name
Pwr West Daily
Physical
CSY
Logical
CSY
GMI(FC)
R&N A.C.N.