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

Contract Unit 5 MWh
Clears in multiples of the number of off-peak hours in the contract month.
Price Quotation CAD 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 # off-peak hours/day
Product Code CME Globex: LAF
CME ClearPort: ALF
Clearing: ALF
Listed Contracts Daily contracts listed for the current month and next calendar month. List daily contracts for a new calendar month following the termination of trading in 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 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 874.10 and will not be subject to any further adjustment.
Termination Of Trading CME Globex: Trading on CME Globex terminates 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 terminates at 16:00 CT on the nearest business day on or before the contract day.
CME ClearPort: Trading terminates on the contract day. When the contract day is not a business day, trading terminates on the prior business day.
Days Or Hours "Days & Hours" shall mean mean a Monday through Saturday Hour Ending 0100 through 0700 and 2400 Mountain Prevailing Time (MPT), Sunday, including North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the Alberta Power Pool 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 Floating Price. The final settlement price will be the Floating Price calculated for each contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 874
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing