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Alberta Power Pool Extended Peak Calendar-Month Futures Contract Specs

Contract Unit The contract quantity shall be 80 Megawatt hours (MWh) and is based on 5 Megawatts for peak daily hours. Transaction sizes for trading in any contract month shall be restricted to whole number multiples of the number of peak days in the contract 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: PEX
CME ClearPort: AEX
Clearing: AEX
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 Financially Settled
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of all Alberta Power Pool Hourly Index 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 606.10 and will not be subject to any further adjustment.
Termination Of Trading CME Globex: Trading on CME Globex shall cease at 23:59 local time of the independent system operator/regional transmission organization on the last calendar day of the month preceding the contract month. 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 last calendar day of the month preceding the contract month.
CME ClearPort: Trading shall cease the last business day of the contract month.
Days Or Hours "Days & Hours" shall mean a Monday through Sunday Hour Ending 0800-2300 Mountain Prevailing Time (MPT), including North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the Alberta Power Pool Extended 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 606
Block Minimum Block Minimum Thresholds
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