ISO New England Mass Hub Day-Ahead Peak Calendar-Day 5 MW
Futures
ISO New England Mass Hub Day-Ahead Peak Calendar-Day 5 MW 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 | 0.05 x 5 MW x 16 peak hours = $4.00 |
| Product Code | CME Globex: COL CME ClearPort: CE Clearing: CE |
| 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 ISO New England (ISO-NE) Internal Hub, ISO-NE Location I.D. 4000, published by ISO-NE for the peak day. For settlement of this contract, the prices provided by ISO-NE will be considered final on the payment day stated in Rule 756b.08 and will not be subject to any further adjustment |
| Termination of Trading | Trading on CME Globex terminates on the business day prior to the contract day. Trading terminates on the contract day. If the contract day is not a business day, trading terminates on the prior business day. |
| Days or Hours | "Peak day" shall mean a Monday through Friday, excluding North American Electric Reliability Council holidays. From Hour Ending (HE) 0800 Eastern Prevailing Time (EPT) through HE 2300 EPT. |
| Settlement Procedures | Delivery under the 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. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
