Weekly Average Price on PJM Western Hub Real-Time Peak Fixed Price Future66168788

Description

A weekly cash settled Exchange Futures Contract based upon the mathematical average of peak hourly electricity prices published by PJM for the location specified in Reference Price A

Market Specifications

Trading Screen Product Name
Peak Futures Weekly APO
Trading Screen Hub Name
PJM WH RT
Commodity Code
PJH
Settlement Method
Cash settlement
Contract Size
800 MWh’s multiplied by the number of Peak days in the week
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 52 consecutive weekly Contract Periods, or as otherwise determined by the Exchange
Last Trading Day
At the end of the Trading Session on the last Business Day of the Contract Period
Final Settlement
Reference Price A
REFERENCE PRICE A
ELECTRICITY-PJM-WESTERN HUB-REAL TIME
a) Ref Price A - Description
“ELECTRICITY-PJM-WESTERN HUB-REAL TIME” 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 PJM http://pjm.com/markets-and-operations/energy/real-time/lmp.aspx , under the Headings “Daily Real-Time Locational Marginal Pricing(LMP): LMP Real-Time Data: WESTERN HUB” or any successor headings, that reports Prices effective on the Pricing Date
b) Ref Price A - Pricing Date
Each Monday through Friday, excluding NERC holidays, that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Average of LMPs for all hours ending 0800-2300 EPT
d) Ref Price A - Pricing calendar
PJM
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