| ERCOT South 345 kV Hub 5 MW Peak Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: AI9 CME ClearPort: I9 Open Outcry: I9 |
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| Venue | CME Globex, CME ClearPort and Open Outcry (New York) | ||||
| Hours (All Times are New York Time/ET) |
CME Globex: | Sunday – Friday 6:00 p.m. – 5:15 p.m. (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. (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) | ||||
| Open Outcry: | Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT) | ||||
| 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. Transaction sizes for trading in any contract day shall be restricted to whole number multiples of the number of peak hours in the contract month. Each futures contract shall be valued at the contract quantity multiplied by the settlement price. Transaction sizes for trading in any delivery month shall be restricted to whole number multiples of the number of peak days in the contract month. |
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| Minimum Fluctuation | $0.01 | ||||
| Floating Price | The Floating Price for each contract month will be equal to the arithmetic average of all Electric Reliability Council of Texas (ERCOT) South 345 kV Hub real-time settlement point peak prices provided for the contract month. For settlement of this contract, the prices provided by ERCOT will be considered final on the payment date stated in Rule 284.10 and will not be subject to any further adjustment. | ||||
| Termination of Trading | Trading shall cease on the last day of the contract month. | ||||
| Listed Contracts | CME Clearport and Open Outcry: | The current year plus the next five calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year. | |||
| CME Globex: | 1 consecutive month | ||||
| Settlement Type | Financial | ||||
| Final Settlement | Delivery under the ERCOT South 345 kV Hub 5 MW Peak 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. | ||||
| Peak Days | "Peak day" shall mean a Monday through Friday, excluding North American Electric Reliability Corporation holidays. | ||||
| Peak Hours | From Hour Ending (HE) 0700 Central Prevailing Time (CPT) through HE 2200 CPT. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 284 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||