ISO New England South East Massachusetts Zone Peak Calendar-Day 5 MW Day-Ahead LMP
Futures
ISO New England South East Massachusetts Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures - Contract Specs
| Contract Unit | 80 MWh (Megawatt Hours) |
|---|---|
| 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. Chicago Time/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 MWh |
| Product Code | CME Globex: NSP CME ClearPort: NSP Clearing: NSP |
| Listed Contracts | Daily contracts listed for the current month and next month |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract day will be equal to the arithmetic average of the ISO New England South East Massachusetts Zone Day-Ahead LMP for peak hours provided by ISO New England, for the contract day. For settlement of this contract, the prices provided by ISO New England will be considered final on the Payment Date and will not be subject to any further adjustment. |
| Termination of Trading | Trading terminates on the business day prior to the contract day. |
| Days or Hours | Peak shall mean Monday - Friday Hour (HE) 0800 -2300 EPT excluding North American Electric Reliability Corporation (NERC) holidays. |
| 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 |
