PJM APS Zone Off-Peak Calendar-Month Day-Ahead LMP 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 16 peak hours x # peak days/month | ||||
| Product Code | CME Globex: AW4CME ClearPort: W4Clearing: W4 | ||||
| Listed Contracts | Monthly contracts listed for 72 consecutive months | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating Price will be determined for each contract month. The Floating Price will be equal to the arithmetic average of the PJM APS Zone Day-Ahead LMP provided by PJM Interconnection, LLC (PJM) for all off-peak hours in the contract month. For settlement of this contract, the prices provided by PJM will be considered final on the payment day stated in Rule 159.09 and will not be subject to any further adjustment. | ||||
| Termination Of Trading | CME Globex: | Trading on CME Globex terminates on the last business day of the month prior to the contract month. | |||
| CME ClearPort: | Trading terminates on the last business day of the 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 PJM APS Zone Off-Peak Calendar-Month Day-Ahead LMP 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 159 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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