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PJM Western Hub Real-Time Peak Calendar-Month 50 MW Option Contract Specs

Contract Unit 50 MW (800 MWh)
50 MW x 16 peak hours = 800 MWh
Clears in multiples of the number of peak days in the contract month.
Minimum Price Fluctuation 0.01 x 50 MW x 16 peak hours x # peak days/month = $152.00 - $184.00
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: PMA
CME ClearPort: PMA
Clearing: PMA
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
Exchange Rulebook NYMEX 1186
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 Peak Calendar-Month Real-Time LMP Futures