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Alberta Power Pool Extended Off-Peak Calendar-Day Futures Contract Specs

Contract Unit 5 MWh
Clears in multiples of the number of off-peak hours in the contract day.
Price Quotation CAD per MWH
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.01 x 5 MW x # off-peak hours/day = CAD 1.15 - CAD 1.25
Product Code CME Globex: PFP
CME ClearPort: AFP
Clearing: AFP
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 in the current month. 
Settlement Method Financially Settled
Floating Price The Daily Floating Price for each contract day will be equal to the arithmetic average of all Alberta Power Pool Hourly Index off-peak 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 866.10 and will not be subject to any further adjustment.
Termination Of Trading CME Globex: Trading on CME Globex terminates at 23:59 MPT on the contract day. If that time is not within regular trading hours, trading on CME Globex terminates at 16:00 CT on the business day prior to the contract day.
CME ClearPort: Trading terminates 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 through 0700 and 2400 Mountain Prevailing Time (MPT), including North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the Alberta Power Pool Extended Off-Peak Calendar-Day Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Daily Floating Price. The final settlement price will be the Daily Floating Price calculated for each contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 866
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing