NYISO Lower Hudson Valley Capacity Fixed Price Future57250519

Description

A monthly cash settled Exchange Futures Contract based upon the Spot Market Auction Results-UCAP for the area labeled G-J Locality (Lower Hudson Valley) prices published by NYISO for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
Capacity Futures
Trading Screen Hub Name
NYISO Lower Hudson Valley
Contract Symbol
NYU
Settlement Method
Cash settlement
Contract Size
1000 KW
Currency
USD
Min Price Flux
The price quotation convention shall be One cent ($0.01) per KW; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
Up to 24 months or as otherwise determined by the Exchange
Last Trading Day
At 5pm EPT, on the second business day prior to the contract period, or as otherwise published by the ICAP Event Calendar at http://icap.nyiso.com/ucap/public/evt_calendar_display.do
Final Settlement
Reference Price A
REFERENCE PRICE A
CAPACITY- NYISO-G-J LOCALITY-SPOT MARKET AUCTION RESULTS-UCAP
a)Ref Price A - Description
"CAPACITY- NYISO-G-J LOCALITY-SPOT MARKET AUCTION RESULTS-UCAP " means that the price for a Pricing Date will be that day's Specified Price per KW of capacity for delivery on the Delivery Date, during the Delivery Period, stated in U.S. Dollars, published by the NYISO at http://icap.nyiso.com/ucap/public/auc_view_spot_detail.do under the headings "View Spot Auction Summary: G-J Locality Price($/KW)" or any successor headings, that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date
2 business days prior to the first calendar day of the contract period.
c) Ref Price A - Specified Price
Monthly Spot Auction Summary price for G-J Locality
d) Ref Price A - Pricing calendar
NYISO
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
Loading...

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

Sunday Pre-Open 5:40 PM ET; Closed on Saturday

Codes

Clearing Admin Name
NYISO NY 1000KW
Physical
NYU
Logical
NYU
GMI(FC)
R&N A.C.N.