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

Contract Unit 5 MW multiplied by the number of peak hours in the contract month
Price Quotation U.S. dollars and cents per megawatt hour.
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)
Minimum Price Fluctuation $0.01 per megawatt hour
Product Code CME Globex: SDD
CME ClearPort: SDD
Clearing: SDD
Listed Contracts Contracts listed for the current year and the next 5 calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year.?
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month will be equal to the arithmetic average of the PJM Western Hub Day-Ahead LMP for peak hours provided by PJM Interconnection, LLC (PJM) for the contract month. 
Termination Of Trading Trading terminates 1 business day prior to the last business day of the contract month.
Days Or Hours Peak day shall mean a Monday through Friday, excluding North American Electric Reliability Corporation holidays. 
Peak hour shall mean from Hour Ending (HE) 0800 Eastern Prevailing Time (EPT) through HE 2300 EPT. 
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1395
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing