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PJM Western Hub Day-Ahead Peak Calendar-Day 5 MW Futures
 
 
PJM Western Hub Day-Ahead Peak Calendar-Day 5 MW Futures
Product Symbol CME Globex: WPL
CME ClearPort: PWP
Venue CME Globex, CME ClearPort, 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 Size 80 MWh (On CME Globex, lot size needs to be multiples of 10 to achieve the 50 MW clip size)
Price Quotation $/MWH
Minimum Fluctuation $0.05 per MWH
Floating Price The Floating Price for each contract day will be equal to the arithmetic average of the PJM Western 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 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 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.
Peak/Off Peak Days Peak day shall mean a Monday through Friday, excluding North American Electric Reliability Corporation holidays.
Peak/Off Peak Hours Peak hour shall mean from Hour Ending (HE) 0800 Eastern Prevailing Time (EPT) through HE 2300 EPT.
Position Limits NYMEX Position Limits
Rulebook Chapter 950
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX
 
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