ICE Futures U.S.

ISO New England West Central Massachusetts Day-Ahead Off-Peak Fixed Price Future

ISO New England West Central Massachusetts Day-Ahead Off-Peak Fixed Price Future6590402

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 ISO New England for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
Off-Peak Futures (50 MW)
Trading Screen Hub Name
ISO-NE W Central Mass DA Off-Peak
Commodity Code
IWD
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-ISO NEW ENGLAND-WC MASS-DAY AHEAD
a) Ref Price A - Description
"ELECTRICITY-ISO NEW ENGLAND-WC MASS-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 the ISO New England at http://www.iso-ne.com/markets, under the headings "Hourly Data: Selectable Hourly LMP Data: 4007_:_.Z.WCMASS: Start Date/End Date: LMP prices for Day-ahead and Real-time: Real Time LMP" 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
ISO New England
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

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
Pwr East OPMini
Physical
IWD
Logical
IWD
GMI(FC)
R&N A.C.N.