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ISO New England Day-Ahead Peak Calendar-Month 5 MW Option Contract Specs

Contract Unit 5 MW x 16 peak hours = 80 MWh
Minimum Price Fluctuation 0.01 x 5 MW x 16 peak hours x # peak days/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)
Product Code CME Globex: INE
CME ClearPort: INE
Clearing: INE
Listed Contracts Monthly contracts listed for the current year and the next 4 calendar years. Add monthly contracts for a new calendar year following the termination of trading in the December contract of the current year
Termination Of Trading Trading terminates on the 2nd last business day of the month prior to the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1272
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying ISO New England Mass Hub 5 MW Peak Calendar-Month Day-Ahead LMP Futures