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NYISO Rest of the State Capacity Calendar-Month Futures Contract Specs

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.
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)
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. New York time/ET (8:00 a.m. - 1:30 p.m. Chicago Time/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 $0.01 per kW-Month
Product Code CME Globex: NRR
CME ClearPort: NRS
Open Outcry: NRS
Clearing: NRS
Listed Contracts The current year plus the next five calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month will be the “Price ($/kW-M)” for area labeled as “NYCA” (New York Control Area) 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 1105.08 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.
Settlement Procedures 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
Exchange Rulebook NYMEX 1105
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing