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Alberta Power Pool Calendar Day 1 MW Futures Contract Specs

Contract Unit The contract quantity shall be 1 megawatt hours (MWh)
Price Quotation The contract quantity shall be 1 MWh for all daily hours. The contract quantity will be adjusted by the transition in and out of the Daylight Savings Time. Transaction sizes for trading in any contract day shall be restricted to whole number multiples of the number of hours in the contract day. Each futures contract shall be valued at the contract quantity 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)
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/CT)
Minimum Price Fluctuation CAD 0.01 per MWh.
Product Code CME Globex: OAD
CME ClearPort: AOD
Open Outcry: AOD
Clearing: AOD
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: Current month and next full month
DEFAULT Current month and next full month
Settlement Method Financially Settled
Floating Price The Floating Price for each contract day will be equal to the arithmetic average of all Alberta Power Pool Hourly Index prices provided for the contract day. For settlement of this contract, the prices provided by Alberta Electric System Operator will be considered final on the payment date stated in Rule 1049.10 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 and Open Outcry: Trading shall cease on the business day that is the contract day. If the contract day is not a business day trading shall cease on the business day immediately preceding the contract day.
Days Or Hours "Days & Hours" shall mean a Monday through Sunday Hour Ending 0100-2400 Mountain Prevailing Time(MPT), including North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the Alberta Power Pool Calendar Day Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1049
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing