Asset Class Navigation

PJM METED Zone Peak Calendar-Day 5 MW Day-Ahead LMP Futures Contract Specs

Contract Unit 80 MWh (Megawatt Hours).
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: PMP
CME ClearPort: PMP
Clearing: PMP
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 METED Zone Day-Ahead LMP for 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 Peak shall mean Monday - Friday Hour (HE) 0800 -2300 EPT excluding 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 1353
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing