| NYISO Zone G Day-Ahead Peak Calendar-Day 2.5 MW Futures | |||||
|---|---|---|---|---|---|
| Product Symbol | CME Globex: GNL CME ClearPort/Open Outcry: GN |
||||
| 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 | 40 Megawatt hours (MWh) (2.5 MW per peak hour). | ||||
| Price Quotation | The contract quantity shall be 40 MWH (Megawatt Hours). Each NYMEX ISO New England Internal Hub Calendar-Day Peak LMP Contract shall be valued as the contract quantity (40 MWH) multiplied by the settlement price. |
||||
| Minimum Fluctuation | $0.05 | ||||
| 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 Based Marginal Prices (LBMP) for Zone G published by the New York Independent System Operator (NYISO) for the peak day. For settlement of this contract, the prices provided by NYISO will be considered final on the payment day stated in Rule 617b.08. and will not be subject to any further adjustment. | ||||
| Termination of Trading | Trading shall cease on the business day that is the peak day. When the business day is not the peak day, trading shall cease on the previous business day. | ||||
| Listed Contracts | Current month and next full month | ||||
| Settlement Type | Financial | ||||
| Final Settlement | Delivery under the NYMEX NYISO Zone G Calendar Day Peak LBMP 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. | ||||
| Peak Days | "Peak day" shall mean a Monday through Friday, excluding North American Electric Reliability Corporation holidays. | ||||
| Peak Hours | From Hour Ending (HE) 0800 Eastern Prevailing Time (EPT) through HE 2300 EPT. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Rulebook Chapter | 617B | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of NYMEX. | ||||