• Listing of Eight New Western Electricity Futures for the Palo Verde and Mid-Columbia Trading Points

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-6831R
      • Notice Date
      • 16 September 2013
      • Effective Date
      • 29 September 2013
    • This SER supersedes SER #6831 dated September 12, 2013 to amend the CME Globex listing schedule.
       
      Effective Sunday, September 29, 2013, for trade date Monday, September 30, 2013, and pending all relevant CFTC regulatory review periods, the New York Mercantile Exchange, Inc. (NYMEX or Exchange) will list eight (8) new electricity futures specifying the Palo Verde and Mid-Columbia trading points for trading on CME Globex and the NYMEX trading floor, and for submission for clearing through CME ClearPort. 
       
      Also concurrent with the launch of these contracts and pending all relevant CFTC regulatory review periods, the Exchange will permit block trading pursuant to Rule 526 (Block Trades) in these contracts at block trade minimum thresholds listed below.
       
      The contract titles, commodity codes, rule chapters, block trade minimum thresholds, and specifications are provided below:
       
       

      Contract Name
      Code
      Rule Chapter
      Listing Schedule
      Block Trade Minimum Threshold
      (contracts)
      First Listed Month/Day
      Mid-Columbia Day-Ahead Peak Calendar-Month 5 MW Futures
      MDC
      935
      CME Globex: 36 consecutive calendar months.

      CME ClearPort and Open Outcry: All months in the current calendar year and the subsequent five calendar years.



      50
      October 2013
      Mid-Columbia Day-Ahead Peak Calendar-Day 5 MW Futures
      MDA
      936
      CME Globex, CME ClearPort, and Open Outcry: All peak calendar days in the current month and the subsequent calendar month.


      5
      October 1, 2013
      Mid-Columbia Day-Ahead Off-Peak Calendar-Month 5 MW Futures
      OMC
      937
      CME Globex: 36 consecutive calendar months.

      CME ClearPort and Open Outcry: All months in the current calendar year and the subsequent five calendar years.



      100
      October 2013
      Mid-Columbia Day-Ahead Off-Peak Calendar-Day 5 MW Futures
      MXO
      938
      CME Globex, CME ClearPort, and Open Outcry: All days in the current month and the subsequent calendar month.



      16
      October 1, 2013
      Palo Verde Day-Ahead Peak Calendar-Month 5 MW Futures
      PVD
      939
      CME Globex: 36 consecutive calendar months.

      CME ClearPort and Open Outcry: All months in the current calendar year and the subsequent five calendar years.



      50
      October 2013
      Palo Verde Day-Ahead Peak Calendar-Day 5 MW Futures
      VDP
      940
      CME Globex, CME ClearPort, and Open Outcry: All peak calendar days in the current month and the subsequent calendar month.


      5
      October 1, 2013
      Palo Verde Day-Ahead Off-Peak Calendar-Month 5 MW Futures
      OVD
      941
      CME Globex: 36 consecutive calendar months.

      CME ClearPort and Open Outcry: All months in the current calendar year and the subsequent five calendar years.



      100
      October 2013
      Palo Verde Day-Ahead Off-Peak Calendar-Day 5 MW Futures
      QVD
      942
      CME Globex, CME ClearPort, and Open Outcry: All days in the current month and the subsequent calendar month.


      16
      October 1, 2013

       
      Contract Size: Peak Contracts:80 MWh
                 Off-Peak Contracts: 5 MWh
       
      Minimum Price Fluctuation: The minimum fluctuation shall be $0.01 per MWh.
       
      Last Trading Day:
      Monthly Contracts: Trading shall cease on the last business day of the contract month.
      Daily Contracts: Trading shall cease on the last business day prior to the contract day.
       
      Trading Hours:
      Open Outcry: Monday – Friday 9:00 a.m. – 2:30 p.m. (8:00 a.m. – 1:30 p.m. Central Time/CT).
       
      CME Globex and CME ClearPort: Sunday – Friday 6:00 p.m. – 5:15 p.m. (5:00 p.m. – 4:15 p.m. CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT).
       


       
      Fees for Peak and Off-Peak Monthly Western Power Futures

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      0.35
      0.35
      0.37
      0.40
      Globex
      0.35
      0.35
      0.37
      0.40
      0.37
      ClearPort
      0.35
      0.40
      Other Processing Fees
       
      Member
      Non-Member
      Cash Settlement
      0.105
      0.12
       

       

      Additional Fees and Surcharges
       
      EFS Surcharge
      0.00
       
      Block Surcharge
      0.00
       
      Facilitation Desk Fee
      0.02
       

       
       
      Fees for Peak and Off-Peak Daily Western Power Futures

      Exchange Fees
       
      Member Day
      Member
      Cross Division
      Non-Member
      IIP
      Pit
      0.0263
      0.0263
      0.0281
      0.03
       
      Globex
      0.0263
      0.0263
      0.0281
      0.03
      0.0281
      ClearPort
      0.0263
       
      0.03
       
      Other Processing Fees
       
      Member
      Non-Member
       
       
       
      Cash Settlement
      0.0079
      0.0090
       

       

      Additional Fees and Surcharges
       
      EFS Surcharge
      0.00
       
      Block Surcharge
      0.00
       
      Facilitation Desk Fee
      0.0015
       

       
       
       
      Please refer questions on this subject to:
      Research and Product Development
      Greg Price                                Gregory.Price@cmegroup.com                          (212) 299-2625
       
      Products and Services
      Kristen Bauer                            Kristen.Bauer@cmegroup.com                           (713) 658-9294

CME Group is the world’s leading derivatives marketplace. The company is comprised of four 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 and COMEX.

© 2025 CME Group Inc. All rights reserved.