Alberta Power Pool Peak Calendar-Day Futures - Contract Specs
| Contract Unit | 5 MW x 16 peak hours = 80 MWh |
|---|---|
| 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 5 MW x 16 peak hours = CAD 0.80 |
| Product Code | CME Globex: LAP CME ClearPort: ALP Clearing: ALP |
| Listed Contracts | Daily contracts listed for the current month and next calendar month. List daily contracts for a new calendar month following the termination of trading in the last contract day of the current month. |
| Settlement Method | Financially Settled |
| Floating Price | The Daily Floating Price will be determined for each peak day. The Daily Floating Price for each contract day will be equal to the arithmetic average of all Alberta Power Pool Hourly Index peak prices provided for the contract day. For settlement of this contract, the prices provided by Alberta Electric System Operator will be considered final on the payment date stated in Rule 873.10 and will not be subject to any further adjustment. |
| Termination of Trading | Trading terminates on the contract day. If the contract day is not a business day, trading terminates on the prior business day. Trading on CME Globex terminates at 23:59 MPT on the contract day. If that time is not within regular trading hours, trading on CME Globex terminates at 16:00 CT on the business day prior to the contract day. |
| Days or Hours | "Days & Hours" shall mean a Monday through Saturday Hour Ending 0800 through 2300 Mountain Prevailing Time (MPT), excluding North American Electric Reliability Corporation holidays. |
| Settlement Procedures | Delivery under the Alberta Power Pool Peak Calendar-Day Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Daily Floating Price. The final settlement price will be the Daily Floating Price calculated for each contract day. |
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