CAISO SP15 EZ Gen Hub 5 MW Peak Calendar-Month Day-Ahead LMP
Futures and Options
CAISO SP15 EZ Gen Hub 5 MW Peak Calendar-Month Day-Ahead LMP Futures - Contract Specs
| Contract Unit | 5 MW (80 MWh) 5 MW x 16 Peak Hours = 80 MWh Clears in multiples of the number of peak days in the contract month. |
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| 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 x # Peak Days/Month |
| Product Code | CME Globex: E9X CME ClearPort: 9X Clearing: 9X |
| 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 SP15 EZ Gen Hub Day-Ahead LMP for 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 343.10 and will not be subject to any further adjustment. |
| Termination of Trading | On the second to last business day of the month prior to the contract month, each 9X/E9X open position converts into a strip of CAISO SP15 EZ Gen Hub 5 MW Peak Calendar-Day Day-Ahead LMP Futures - 9Z/DAZ in the originally specified contract month. |
| 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-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 |
