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Alberta Power Pool 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: APA
CME ClearPort: APP
Clearing: APP
Listed Contracts Current year plus the next four 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 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 783.10 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 Peak Calendar-Month Futures will cascade into a strip of Alberta Power Pool Peak Calendar-Day Futures (Clearing Code ALP/CME Globex Code LAP).
Days Or Hours "Days & Hours" shall mean a Monday through Saturday Hour Ending 0800 through 2300 Mountain Prevailing Time (MPT), excluding North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the Alberta Power Pool 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 783
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing