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NYISO NYC In-City Capacity Calendar-Month Futures Contract Specs

Product Symbol CME Globex: NHH
CME ClearPort: NNC
Open Outcry: NNC
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 The contract quantity shall be 5 Megawatt Months and is based on the NYISO $/kW-Month capacity price quotation. Transaction sizes for trading in any contract month shall be restricted to whole number multiples of 5 Megawatt Months. Each futures contract shall be valued at the contract quantity multiplied by the settlement price times 1000.
Price Quotation Prices shall be quoted in U.S. dollars and cents per kW-Month.
Minimum Fluctuation $0.01 per kW-Month
Floating Price The Floating Price for each contract month will be the “Price ($/kW-M)” for area labeled as “NYC” from the “Spot Market Auction Results – UCAP”, published on the New York Independent System Operator (NYISO) website according to the NYISO “Event Calendar” . For settlement of this contract, the prices provided by NYISO will be considered final on the payment date stated in Rule 1106.08 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.
Listed Contracts 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.
Settlement Type Financial
Final Settlement Final settlement under the 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
Rulebook Chapter 1106
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.