CAISO SP15 EZ Gen Hub 5 MW Peak Calendar-Day Day-Ahead LMP
Futures
CAISO SP15 EZ Gen Hub 5 MW Peak Calendar-Day Day-Ahead LMP Futures - Contract Specs
| Contract Unit | 5 MW x 16 peak hours = 80 MWh |
|---|---|
| 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 16 peak hours = $0.80 |
| Product Code | CME Globex: DAZ CME ClearPort: 9Z Clearing: 9Z |
| 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 | A Daily Floating Price will be determined for the peak day. The Floating Price will be equal to the arithmetic average of the hourly day-ahead Locational Marginal Prices (LMP) for SP15 EZ Gen Hub provided by the California ISO (CAISO) for the peak day. For settlement of this contract, the prices provided by CAISO will be considered final on the payment day stated in Rule 347.10 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 shall cease on the prior business day. Trading on CME Globex terminates on the business day prior to the contract day. |
| Days or Hours | "Peak day" shall mean a Monday through Saturday, excluding North American Electric Reliability Corporation holidays. From Hour Ending (HE) 0700 Pacific Prevailing Time (PPT) through HE 2200 PPT |
| Settlement Procedures | Delivery under the CAISO SP15 EZ Gen Hub 5 MW Peak Calendar-Day Day-Ahead LMP Futures contract shall be by cash settlement. The cash-settlement price will be based on the Daily Floating Price which is determined for the peak day. |
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