Asset Class Navigation

Alberta Power Pool Calendar Month 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 month. 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)
Minimum Price Fluctuation CAD 0.01 per MWh.
Product Code CME Globex: AQK
CME ClearPort: AOM
Clearing: AOM
Listed Contracts CME Globex: 1 consecutive month
CME ClearPort: The current year plus the next five calendar years
Settlement Method Deliverable
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of all Alberta Power Pool Hourly Index prices provided for the contract month. For settlement of this contract, the prices provided by Alberta Electric System Operator will be considered final on the payment date stated in Rule 1050.10 and will not be subject to any further adjustment.
Termination Of Trading Trading shall cease on the last business day of the month preceding the contract month/ At the termination of trading, positions in the Alberta Power Pool Calendar Month 1 MW Futures will cascade into a strip of Alberta Power Pool Calendar Day 1 MW Futures (Clearing Code AOD/CME Globex Code OAD).
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 Month 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.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1050
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing