NYISO Lower Hudson Valley Capacity Calendar-Month Futures Contract Specs
| Contract Unit | 5,000 kW-Month | ||||
| Price Quotation | U.S. dollars and cents per kW-Month. | ||||
| 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 kW-month = $50.00 | ||||
| Product Code | CME Globex: LHVCME ClearPort: LHVClearing: LHV | ||||
| Listed Contracts | Monthly contracts listed for the current season and the next four seasons (Summer: May-Oct, Winter: Nov-Apr). Add a new season of monthly contracts after the termination of trading of the last month in the current season. | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price for each contract month will be the “Price ($/kW-M)” for area labeled as “G-J Locality” from the “Spot Market Auction Results – UCAP”, published on the New York Independent System Operator (NYISO) website according to the NYISO “Event Calendar”. For settlement of this contract, the prices provided by NYISO will be considered final on the Payment Date and will not be subject to any further adjustment. | ||||
| Termination Of Trading | Trading terminates on the last business day of the month prior to the contract month. | ||||
| Position Limits | NYMEX Position Limits | ||||
| Exchange Rulebook | NYMEX 381 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Block Minimum Thresholds | ||||
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