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PJM West Hub RT Real-Time 50 MW Off-Peak Option Contract Specs

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Contract Unit 50 MWh
Clears in multiples of the number of off-peak hours in the contract month.
Minimum Price Fluctuation 0.01 x 5 MW x # off-peak hours/month
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)
Product Code CME Globex: NB9
CME ClearPort: N9P
Clearing: N9P
Listed Contracts Monthly contracts listed for the current year and the next 5 calendar years. List monthly contracts for a new calendar year following the termination of trading in the December contract of the current year.
Termination Of Trading Trading terminates on the 2nd last business day of the month prior to the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1179
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures Strike Price Listing and Exercise Procedures Table
Exercise Style American
Settlement Method Deliverable
Underlying PJM Western Hub Real-Time Off-Peak Calendar-Month 5 MW Futures