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Ontario Off-Peak Calendar-Day Futures Contract Specs

Contract Unit 5 MWh
Clears in multiples of the number of off-peak hours in the contract day..
Price Quotation Canadian 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 CAD 0.05 x 5 MW x # off-peak hours/day
Product Code CME Globex: OOD
CME ClearPort: OFD
Clearing: OFD
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 hourly Ontario energy price as determined by the Ontario Independent Electricity System Operator (IESO) for all off-peak hours for the contract day. For settlement of this contract, the prices provided by IESO will be considered final on the payment date stated in Rule 965.09 and will not be subject to any further adjustment.
Termination Of Trading CME Globex: Trading on CME Globex terminates at 23:59 EPT on the contract day. If that time is not within regular trading hours, trading on CME Globex terminates at 16:00 CT on the business day prior to the contract day.
CME ClearPort: Trading terminates on the contract day. If the contract day is not a business day, trading terminates on the prior business day.
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 contract shall be by cash settlement. The cash-settlement price will be based on the Daily Floating Price which is determined for the off-peak day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 965
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing