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NYISO Zone G Day-Ahead Off-Peak Calendar-Month 5 MW Futures Contract Specs
| Contract Unit | 5 MWh Clears in multiples of the number of off-peak hours in the contract month. |
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| 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 | 0.05 x 5 MW x # off-peak hours/month | ||||
| Product Code | CME Globex: D2LCME ClearPort: D2Clearing: D2 | ||||
| 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 will be determined for each contract month. The Floating Price will be equal to the arithmetic average of the NYISO Zone G Day-Ahead LBMP provided by New York Independent Systems Operator (NYISO) for all off-peak hours in the contract month. For settlement of this contract, the prices provided by NYISO will be considered final on the payment day stated in Rule 905.09 and will not be subject to any further adjustment. | ||||
| Termination Of Trading | On the last business day of the month prior to the contract month, each D2/D2L open position converts into a strip of NYISO Zone G Day-Ahead Off-Peak Calendar-Day 5 MW Futures - ZGO/ZGL in the originally specified contract month. | ||||
| Days Or Hours | Off-Peak shall mean Monday through Friday Hour Ending (HE) 0100-0700 and 2400 Eastern Prevailing Time (EPT) Saturday-Sunday HE 0100-2400 EPT including North American Electric Reliability Corporation Holidays. | ||||
| Settlement Procedures | Delivery under the NYISO Zone G Day-Ahead Off-Peak Calendar-Month 5 MW 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 905 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.
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