Energy Products
View an Energy Product
NYISO Zone A Off-Peak LBMP Futures
 
 
NYISO Zone A Off-Peak LBMP Futures
Product Symbol CME Globex: AKB
CME ClearPort: KB
Open Outcry: KB
Venue CME Globex, CME ClearPort and  Open Outcry
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 2.5 Megawatts hours (MWh)
Price Quotation The contract quantity is based on 2.5 Megawatts (MW) multiplied by total off-peak hours in the contract month. The contract quantity is expressed in Megawatt Hours (MWH).

Each futures contract shall be valued at the contract quantity multiplied by the settlement price
Minimum Fluctuation $0.05
Floating Price The Floating Price will be determined for each contract month. The Floating Price will be equal to the arithmetic average of the hourly day-ahead Locational Based Marginal Prices (LBMP) for Zone A published by the New York Independent System Operator (NYISO) for all off-peak hours in the contract month. For settlement of this contract, the prices provided by NYISO will be considered final on the payment day stated in Rule 616a.09 and will not be subject to any further adjustment.
Termination of Trading Trading shall cease on the last business 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 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.
Off Peak Hours & Off Peak Days Off-Peak shall mean Monday through Friday Hour Ending (HE) 0100-0700 and 2400 Eastern Prevailing Time (EPT) Saturday-Sunday HE 0100-2400 EPT including North American Electric Reliability Corporation holidays and excluding any hour lost or gained by transition into or out of Daylight Saving Time.
Position Limits NYMEX Position Limits
Rulebook Chapter 616A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.
 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo
  • © 2013 CME Group Inc. All rights reserved.
  • CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of five Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, COMEX and KCBT.