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PJM Western Hub Real-Time Peak Average Price Option 5 MW Contract Specs

Options
Contract Unit 5 MW multiplied by the number of peak hours in the contract month
Minimum Price Fluctuation $0.01 per megawatt hour
Price Quotation U.S. dollars and cents per megawatt hour,
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Product Code CME Globex: PRT
CME ClearPort: PRT
Clearing: PRT
Listed Contracts Monthly contracts listed for 24 consecutive months
Termination Of Trading Trading terminates on the last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1392
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement Method Financially Settled
Underlying PJM Western Hub Real-Time Peak Average Price Monthly Futures 5 MW