- Trading Screen Product Name
- Daily Load Futures
- Trading Screen Hub Name
- PJM RTO DL
- Contract Symbol
PDF
- Settlement Method
Cash settlement
- Contract Size
$1.00
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be 1 MW per 1 USD; 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, or as otherwise
determined by the Exchange.
- Last Trading Day
For Contract Periods that fall on a Business Day where the
following calendar day is also a Business Day, one Business Day
following the Contract Period with a closing time of 11pm EPT the
night before; For Contract Periods that fall on a Business Day
where the following calendar day is not a Business day, the
Business Day equal to the Contract Period with a closing time equal
to the end of the Trading Session; For Contract Periods that do not
fall on a Business Day, one Business Day prior to the Contract
Period with a closing time equal to the end of the Trading Session.
- Final Settlement
Final Reference Price A Price
- REFERENCE PRICE A
The maximum hourly load in the entire PJM system during the
specified Contract Period.
- a) Ref Price A - Description
Hourly load is calculated as the sum of the regional load values
reported by PJM RTO. “Hourly Load” means Integrated
hourly loads which are calculated for each PJM Region from raw
telemetry data and are approximate. The load data is calculated and
posted when all transaction information has been confirmed with the
market participants and the external control areas on PJM website
http://pjm.com/markets-and-operations/energy/real-time/loadhryr.aspx.
- b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
The maximum Hourly Load rounded to the nearest whole MW for the
entire PJM system reported for the Delivery Date.
- d) Ref Price A - Pricing calendar
PJM
- e) Ref Price A - Delivery Date
Contract Period
- Final Payment Date
For Contract Periods that fall on a Business Day where the
following calendar day is also a Business Day, four Business Days
following the Last Trade Date; for all other Contract Periods, five
Business Days following the Last Trade Date.
- MIC Code
- IFED
- Clearing Venues
- ICEU