Contract Unit 5 MWh (Megawatt Hours).
Transaction sizes for trading in any contract day is restricted to whole number multiples of the number of off-peak hours in the contract day. The contract quantity is adjusted to reflect the transition in and out of Daylight Savings Time.
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 per MWh
Product Code CME Globex: PQO
CME ClearPort: PQO
Clearing: PQO
Listed Contracts Daily contracts listed for the current month and next month
Settlement Method Financially Settled
Floating Price The Floating Price for each contract day will be equal to the arithmetic average of the PJM Duquesne Zone Day-Ahead LMP for off peak hours provided by PJM Interconnection, LLC (PJM), for the contract day. For settlement of this contract, the prices provided by PJM 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.
Settlement Procedures Final settlement under the contract shall be by cash settlement. Final settlement, following termination of trading for a contract day, will be based on the Floating Price. The final settlement price will be the Floating Price calculated for each contract day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1367
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing