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PJM Western Hub Day-Ahead Peak Average Price Option 5 MW Contract Specs

Options
Contract Unit 5 MW (80 MWh)
5 MW x 16 peak hours = 80 MWh
Clears in multiples of the number of peak days in the contract month.
Minimum Price Fluctuation 0.01 x 5 MW x 16 peak hours x # peak days/month
Price Quotation U.S. dollars and cents per MWh
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Product Code CME Globex: PDA
CME ClearPort: PDA
Clearing: PDA
Listed Contracts Monthly contracts listed for 24 consecutive months
Termination Of Trading Trading terminates on the 2nd last business day of the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1393
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style European
Settlement Method Financially Settled
Underlying PJM Western Hub Day-Ahead Peak Average Price Monthly Futures 5 MW