Contract Unit 5 MW x # hours/day
Clears in multiples of the number of hours in the contract day.
Price Quotation Canadian dollars and cents 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 # hours/day
Product Code CME Globex: XPP
CME ClearPort: AXP
Clearing: AXP
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 Daily Floating Price will be determined for each peak day. The Daily Floating Price for each contract day will be equal to the arithmetic average of all Alberta Power Pool Hourly Index 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 853.10 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 peak day. When the peak 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 0800-2300 Mountain Prevailing Time (MPT), including North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the Alberta Power Pool Extended 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 853
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing