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CAISO NP15 EZ Gen Hub 5 MW Peak Calendar-Day Day-Ahead LMP Futures Contract Specs

Contract Unit 80 Megawatt hours (MWh) (5 MW per peak hour).
Price Quotation The contract quantity shall be 80 Megawatt Hours (MWH) and is based on 5 megawatts for peak daily hours. Each futures contract shall be valued at the contract quantity multiplied by the settlement price.
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 $0.01 per MWh
Product Code CME Globex: 3ZW
CME ClearPort: 3Z
Clearing: 3Z
Listed Contracts Current month and next full month
Settlement Method Financially Settled
Floating Price A Daily Floating Price will be determined for the peak day. The Floating Price will be equal to the arithmetic average of the hourly day-ahead Locational Marginal Prices (LMP) for NP15 EZ Gen Hub provided by the California ISO (CAISO) for the peak day. For settlement of this contract, the prices provided by CAISO will be considered final on the payment day stated in Rule 346.10 and will not be subject to any further adjustment.
Termination Of Trading CME Globex: Trading on CME Globex shall cease on the business day prior to the contract day.
CME ClearPort: Trading shall cease on the business day that is the peak day. When the peak day is not a business day, trading shall cease on the previous business day.
Days Or Hours "Peak day" shall mean a Monday through Saturday, excluding North American Electric Reliability Corporation holidays.

From Hour Ending (HE) 0700 Pacific Prevailing Time (PPT) through HE 2200 PPT
Settlement Procedures Delivery under the CAISO NP15 EZ Gen Hub 5 MW Peak Calendar-Day Day-Ahead LMP Futures contract shall be by cash settlement. The cash-settlement price will be based on the Daily Floating Price which is determined for the peak day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 346
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing