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Alberta Power Pool 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: PHF
CME ClearPort: APF
Clearing: APF
Listed Contracts CME Globex: 1 month
CME ClearPort: 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
DEFAULT The current year plus the next four calendar years
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 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 841.10 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 mean a Monday through Saturday Hour Ending 0100 through 0700 and 2400 Mountain Prevailing Time (MPT), Sunday, including North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the Alberta Power Pool 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 841
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing