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Italian Power Peakload (GME) Calendar Month Futures Contract Specs

Contract Unit 1 MW x 12 hours x # of weekdays in the contract month
Price Quotation Euro 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 per MWh
Product Code CME Globex: ITP
CME ClearPort: ITP
Clearing: ITP
Listed Contracts Monthly contracts listed for the current year and the next 2 calendar years.  Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Settlement Method Financially Settled
Floating Price The Floating Price for each Contract Month is based on the hourly PUN Index GME determined for each Peakload Day during the Contract Month, commencing at, and including, the 08:00-09:00 hours auction and ending with, and including, the 19:00-20:00 hours auction for each Peakload Day. The Floating Price shall be the arithmetic average of all such hourly prices in respect of each Peakload Day in the Contract Month.
Termination Of Trading Trading terminates at 12:00 noon Italy local time on the U.S. business day prior to the last weekday of the contract month.
Days Or Hours Peakload refers to all full hours in the weekdays of a calendar month from 8am to 8pm Italian Local Time (12 hours per day)

The range is 240 to 276 MWh.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1073
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing