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Alberta Power Pool Calendar Day 1 MW Futures Contract Specs

Contract Unit 1 MWh
Price Quotation Canadian dollars and cents per MWh
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.01 per MWh = CAD 0.01
Product Code CME Globex: OAD
CME ClearPort: AOD
Clearing: AOD
Listed Contracts Daily contracts listed for the current month and the next calendar month. Add daily contracts for a new calendar month following the termination of trading of the last contract day of the current month.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract day will be equal to the arithmetic average of all Alberta Power Pool Hourly Index prices provided for the contract day. For settlement of this contract, the prices provided by Alberta Electric System Operator will be considered final on the payment date stated in Rule 1049.10 and will not be subject to any further adjustment.
Termination Of Trading CME Globex: Trading on CME Globex will terminate at 23:59 local time of the independent system operator/regional transmission organization on the calendar day that is the contract day. If that time is not within CME Globex regular trading hours, trading on CME Globex shall cease at the normal termination time (i.e., 16:15 CT) on the nearest business day on or before the contract day.
CME ClearPort: Trading terminates at the close of business on the contract day. If the contract day is not a business day trading terminates on the prior business day.
Days Or Hours "Days & Hours" shall mean a Monday through Sunday Hour Ending 0100-2400 Mountain Prevailing Time(MPT), including North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the Alberta Power Pool Calendar Day Futures 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 1049
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing