NYISO Rest of the State Capacity Calendar-Month
Futures
NYISO Rest of the State Capacity Calendar-Month Futures - Contract Specs
| Contract Unit | 5,000 kW-month |
|---|---|
| Price Quotation | U.S. dollars and cents per kW-month |
| 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 per kW-month = $50.00 |
| Product Code | CME Globex: NRR CME ClearPort: NRS Clearing: NRS |
| Listed Contracts | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year. |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month will be the "Price ($/kW-M)" for area labeled as "NYCA" (New York Control Area) from the "Spot Market Auction Results - UCAP", published on the New York Independent System Operator (NYISO) website according to the NYISO "Event Calendar" . For settlement of this contract, the prices provided by NYISO will be considered final on the payment date stated in Rule 1105.08 and will not be subject to any further adjustment. |
| Termination of Trading | Trading terminates on the last business day of the month prior to the contract month. |
| Settlement Procedures | Final settlement under the 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 |
