|Contract Unit||80 Megawatt hours (MWh) (5 MW per peak hour).|
|Price Quotation||The contract quantity shall be 80 MWH (Megawatt Hours).
Each PJM AEP Dayton Hub Real Time Contract shall be valued as the contract quantity (80 MWH) multiplied by the settlement price.
|Trading Hours||CME Globex:||Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)||CME ClearPort:||Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT)|
|Minimum Price Fluctuation||$0.05 per MWh|
|Product Code||CME Globex: VDLCME ClearPort: VDClearing: VD|
|Listed Contracts||Current month and next full month|
|Settlement Method||Financially Settled|
|Floating Price||A Daily Floating Price will be determined for the next peak day. Each Daily Floating Price will be equal to the arithmetic average of the PJM AEP-Dayton Hub Real Time LMP for peak hours provided by PJM Interconnection, LLC for the peak day. For settlement of this contract, the prices provided by PJM will be considered final with the cash settlement stated in Rule 766.07. and will not be subject to any further adjustment.|
|Termination Of Trading||CME Globex:||Trading on CME Globex will terminate at 23:59 local time of the independent system operator/regional transmission organization on the calendar day that is the contract day. If that time is not within CME Globex regular trading hours, trading on CME Globex shall cease at the normal termination time (i.e., 16:15 CT) on the nearest business day on or before the contract day.|
|CME ClearPort:||Trading shall cease on the business day that is the peak day. When the peak day is not a business day, trading shall cease on the previous business day.|
|Days Or Hours||"Peak day" shall mean a Monday through Friday, excluding North American Electric Reliability Corporation holidays.
Peak hours are the 16 hour period beginning with the hour ending 0800 and end with the hour ending 2300 prevailing local time at the PJM Control Area.
|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. For peak days that are not also business days, cash-settlement will take place on the business day immediately preceding this day.|
|Position Limits||NYMEX Position Limits|
|Exchange Rulebook||NYMEX 766|
|Block Minimum||Block Minimum Thresholds|
|Vendor Codes||Quote Vendor Symbols Listing|