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NYISO Zone E Off-Peak Calendar-Day 5 MW Day-Ahead LBMP Futures Contract Specs

Contract Unit 5 MWh
Clears in multiples of the number of off-peak hours in the contract day.
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/day = $1.15 - $1.25
Product Code CME Globex: NOD
CME ClearPort: NOD
Clearing: NOD
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 the NYISO Zone E Day-Ahead LBMP for off-peak hours provided by New York Independent Systems Operator (NYISO), for the contract day. 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 business day prior to the contract day.
Days Or Hours Off-Peak shall mean Monday through Friday Hour Ending (HE) 0100-0700 and 2400 Eastern Prevailing Time (EPT) and Saturday-Sunday HE 0100-2400 EPT including North American Electric Reliability Corporation (NERC) holidays.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1380
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing