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ISO New England Maine Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures Contract Specs

Contract Unit 80 MWh (Megawatt Hours)
Price Quotation U.S. Dollars and Cents per MWh
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation $0.01 per MWh
Product Code CME Globex: NMP
CME ClearPort: NMP
Clearing: NMP
Listed Contracts Daily contracts listed for the current month and next month
Settlement Method Financially Settled
Floating Price The Floating Price for each contract day will be equal to the arithmetic average of the ISO New England Maine Zone Day-Ahead LMP for peak hours provided by ISO New England, for the contract day. For settlement of this contract, the prices provided by ISO New England will be considered final on the Payment Date and will not be subject to any further adjustment.
Termination Of Trading Trading terminates on the business day prior to the contract day.
Days Or Hours Peak shall mean Monday - Friday Hour (HE) 0800 -2300 EPT excluding North American Electric Reliability Corporation (NERC) holidays.
Settlement Procedures Delivery under the 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 1333
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing