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Palo Verde Day-Ahead Off-Peak Daily Calendar-Month 5 MW Future Contract Specs

Contract Unit 5 MWh
Clears in multiples of the number of off-peak hours in the contract day.
Price Quotation US 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
Product Code CME Globex: QVL
CME ClearPort: QVD
Clearing: QVD
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 shall be equal to the final settlement price for the Palo Verde Day-Ahead Off-Peak Daily Fixed Price Future, as reported by the IntercontinentalExchange (ICE Futures U.S.).
Termination Of Trading Trading terminates on the business day prior to the contract day.
Days Or Hours "Peak Days" shall mean Monday through Saturday, excluding North American Electric Reliability Corporation (NERC) holidays.
"Off-Peak Days” shall mean Sundays and NERC holidays."

"Off-Peak Hours" shall mean the Hours Ending (HE) 2300-0600 Prevailing Pacific Time (PPT) on Peak Days, as well as Hours Ending 0100-2400 PPT on Off-Peak Days.
Settlement Procedures Financially Settled
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 942
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing