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PJM Western Hub Real-Time Peak Average Price Monthly Futures 5 MW Contract Specs

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.
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)
Minimum Price Fluctuation 0.01 x 5 MW x 16 peak hours x # peak days/month
Product Code CME Globex: SRT
CME ClearPort: SRT
Clearing: SRT
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.
Settlement Method Financially Settled
Floating Price Floating Price is equal to the arithmetic average of the PJM Western Hub Real Time LMP for peak hours provided by PJM Interconnection, LLC for the contract month.
Termination Of Trading Trading terminates on 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 1394
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing