ICE Futures U.S.

Palo Verde Day-Ahead Off-Peak Daily Future

Palo Verde Day-Ahead Off-Peak Daily Future6590508

Description

A daily cash settled Exchange Futures Contract based upon the mathematical average of off-peak hourly electricity prices published by ICE for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
Off-Peak Futures
Trading Screen Hub Name
Palo Off-Peak
Commodity Code
QVP
Settlement Method
Cash settlement
Contract Size
25 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
70 consecutive daily Contract Periods
Last Trading Day
The Business Day prior to the Contract Period
Final Settlement
Reference Price A
REFERENCE PRICE A
ELECTRICITY-PALO VERDE OFF-PEAK-ICE
a) Ref Price A - Description
"ELECTRICITY-PALO VERDE OFF-PEAK-ICE" means that the price for a Pricing Date will be that day's Specified Price per MWH of off-peak electricity for delivery on the Delivery Date, stated in U.S. Dollars, published by ICE at www.theice.com, under the headings "Market Data: Indices: Market: ICE OTC: Report: North American Power: Hub: Palo Verde Off-Peak" 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
Avg
d) Ref Price A - Pricing calendar
ICE
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
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

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

Codes

Clearing Admin Name
Pwr WestOPDaily
Physical
QVP
Logical
QVP
GMI(FC)
QV
R&N A.C.N.
OU48