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

Contract Unit The contract quantity shall be 5 Megawatts Hours (MWH). Transaction sizes for trading in any delivery month shall be restricted to whole number multiples of the number of off-peak hours in the month. Each futures contract shall be valued at 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: FEF
CME ClearPort: AEF
Clearing: AEF
Listed Contracts Current year plus the next four calendar years with a new calendar year added following the termination of trading in the December contract month of the current year
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 off-peak 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 642.10 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 Extended Off-Peak Calendar-Month Futures will cascade into a strip of Alberta Power Pool Extended Off-Peak Calendar-Day Futures (Clearing Code AFP/CME Globex Code PFP).
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 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 642
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing