ICE Futures U.S.

ISO New England Massachusetts Hub Day-Ahead Off-Peak Daily Fixed Price Future

ISO New England Massachusetts Hub Day-Ahead Off-Peak Daily Fixed Price Future6590505

Description

A daily cash settled Exchange Futures Contract based upon the mathematical average of 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
Trading Screen Hub Name
Nepool MH DA Off-Peak
Commodity Code
POP
Settlement Method
Cash settlement
Contract Size
50 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
38 consecutive daily Contract Periods
Last Trading Day
The Business Day prior to the Contract Period
Final Settlement
Reference Price A
REFERENCE PRICE A
ELECTRICITY-ISO NEW ENGLAND-MASS HUB-DAY AHEAD
a) Ref Price A - Description
"ELECTRICITY-ISO NEW ENGLAND-MASS HUB-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: 4000_:_.H.INTERNAL_HUB: Start Date/End Date: LMP prices for Day-ahead and Real-time: Day Ahead 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
Average of LMPs for all hours ending 0100-0700, 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 EastOPDaily
Physical
POP
Logical
POP
GMI(FC)
QB
R&N A.C.N.
NO11