Alberta Power Pool Calendar Month 1 MW Futures - Contract Specs
| Contract Unit | 1 MWh x 24 hours = 24 MWh Clears in multiples of the number of calendar days in the contract month. |
|---|---|
| Price Quotation | CAD dollars and cents per MWh |
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) |
| Minimum Price Fluctuation | 0.01 x 1 MW x 24 hours x # calendar days/month |
| Product Code | CME Globex: AQK CME ClearPort: AOM Clearing: AOM |
| Listed Contracts | Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. |
| Settlement Method | Deliverable |
| Floating Price | The Floating Price for each contract month will be equal to the arithmetic average of all Alberta Power Pool Hourly Index prices provided for the contract month. For settlement of this contract, the prices provided by Alberta Electric System Operator will be considered final on the payment date stated in Rule 1050.10 and will not be subject to any further adjustment. |
| Termination of Trading | On the last business day of the month prior to the contract month, each AOM/AQK open position converts into a strip of Alberta Power Pool Calendar Day 1 MW Futures - AOD/OAD in the originally specified contract month. |
| Days or Hours | "Days & Hours" shall mean a Monday through Sunday Hour Ending 0100-2400 Mountain Prevailing Time(MPT), including North American Electric Reliability Corporation holidays. |
| Settlement Procedures | Delivery under the Alberta Power Pool Calendar Month Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
