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ERCOT South 345 kV Hub 5 MW Off-Peak Futures Contract Specs

Contract Unit 5 MWh
Clears in multiples of the number of off-peak hours in the contract month.
Price Quotation U.S. 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/month
Product Code CME Globex: AJ1
CME ClearPort: J1
Clearing: J1
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Deliverable
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of all Electric Reliability Council of Texas (ERCOT) South 345 kV Hub real-time settlement point off-peak prices provided for the contract month. For settlement of this contract, the prices provided by ERCOT will be considered final on the payment date stated in Rule 285.09 and will not be subject to any further adjustment.
Termination Of Trading On the second to last business day of the month prior to the contract month, each J1/AJ1 open position converts into a strip of ERCOT South 345 kV Hub 5 MW Off-Peak Calendar-Day Futures - M1/AM1 in the originally specified contract month.
Days Or Hours Off-Peak shall mean Monday through Friday Hour Ending (HE) 0100-0600 and 2300 and 2400 Central Prevailing Time (CPT) and Saturday through Sunday HE 0100-2400 CPT including North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the ERCOT South 345 kV Hub 5 MW Off-Peak Futures contract shall be by cash settlement. Final settlement, following termination of trading for a contract month, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 285
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing