CAISO NP15 EZ Gen Hub 5 MW Off-Peak Calendar-Month Day-Ahead LMP
Futures
CAISO NP15 EZ Gen Hub 5 MW Off-Peak Calendar-Month Day-Ahead LMP Futures - Contract Specs
| Contract Unit | 5 MWh Clears in multiples of the number of off-peak hours in the contract month. |
|---|---|
| Price Quotation | U.S. 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 # off-peak hours/month |
| Product Code | CME Globex: 3XW CME ClearPort: 3X Clearing: 3X |
| 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 the NP15 EZ Gen Hub Day-Ahead LMP for all off-peak hours provided by California ISO (CAISO) for the contract month. For settlement of this contract, the prices provided by CAISO will be considered final on the payment date stated in Rule 344.09 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 3X/3XW open position converts into a strip of CAISO NP15 EZ Gen Hub 5 MW Off-Peak Calendar-Day Day-Ahead LMP Futures - 2Z/2ZW in the originally specified contract month. |
| Days or Hours | Off-Peak shall mean Monday through Saturday Hour Ending (HE) 0100-0600 and 2300 through 2400 Pacific Prevailing Time (PPT) and Sunday HE 0100-2400 PPT including North American Electric Reliability Corporation holidays. |
| Settlement Procedures | Delivery under the CAISO NP15 EZ Gen Hub 5 MW Off-Peak Calendar-Month Day-Ahead LMP 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. |
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| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
