Asset Class Navigation

Alberta Power Pool Extended Off-Peak Calendar-Day Futures Contract Specs

Contract Unit The contract quantity shall be 5 Megawatt hours (MWh). Transaction sizes for trading in any contract day shall be restricted to whole number of off-peak hours in the contract day. The contract quantity will be adjusted by the transition in and out of the Daylight Savings Time. Each futures contract shall be valued as the contract quantity multiplied by the settlement price.
Price Quotation Prices shall be quoted in Canadian dollars and cents per MWH
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: PFP
CME ClearPort: AFP
Clearing: AFP
Listed Contracts Current month plus the next month
Settlement Method Financially Settled
Floating Price The Daily Floating Price for each contract day will be equal to the arithmetic average of all Alberta Power Pool Hourly Index off-peak 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 866.10 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: Trading shall cease on the business day that is the off-peak day. When the off-peak day is not a business day, trading shall cease on the previous business day.
Days Or Hours "Days & Hours" shall mean a Monday through Sunday Hour Ending 0100 through 0700 and 2400 Mountain Prevailing Time (MPT), including North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the Alberta Power Pool Extended Off-Peak Calendar-Day Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Daily Floating Price. The final settlement price will be the Daily Floating Price calculated for each contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 866
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing