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PJM AEP Dayton Hub Day-Ahead Peak Calendar-Day 5 MW Futures Contract Specs

Contract Unit 80 MWh (On CME Globex, lot size needs to be multiples of 10 to achieve the 50 MW clip size)
Price Quotation $/MWH
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 $0.05 per MWH
Product Code CME Globex: PAL
CME ClearPort: PAP
Clearing: PAP
Listed Contracts Current month and next full month
Settlement Method Financially Settled
Floating Price The Floating Price for each contract day will be equal to the arithmetic average of the PJM AEP Dayton Hub Day-Ahead LMP for peak hours provided by PJM Interconnection, LLC (PJM), for the contract day. For settlement of this contract, the prices provided by PJM will be considered final on the Payment Date and will not be subject to any further adjustment.
Termination Of Trading Trading shall cease on the business day prior to the contract day.
Days Or Hours Peak day shall mean a Monday through Friday, excluding North American Electric Reliability Corporation holidays.

Peak hour shall mean from Hour Ending (HE) 0800 Eastern Prevailing Time (EPT) through HE 2300 EPT.
Settlement Procedures Final settlement under the contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 953
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing