PJM FE Ohio Day-Ahead Off-Peak Fixed Price Future32749946
ICE Futures U.S.
PJM FE Ohio Day-Ahead Off-Peak Fixed Price Future
Description
A monthly cash settled Exchange Futures Contract based upon the mathematical average of daily prices calculated by averaging the off-peak hourly electricity prices published by PJM for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- Off-Peak Futures (1 MW)
- Trading Screen Hub Name
- PJM FE Ohio DA Off-Peak
- Contract Symbol
- PFO
- Settlement Method
- Cash settlement
- Contract Size
- 1 MW
- Currency
- USD
- Minimum Price Fluctuation
- The price quotation convention shall be One cent ($0.01) per MWh; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
- Listing Cycle
- Up to 50 consecutive monthly Contract Periods
- Last Trading Day
- The last Business Day of the Contract Period
- Final Settlement
- Average of Reference Price A Prices
- REFERENCE PRICE A
- ELECTRICITY-PJM-FE OHIO-DAY AHEAD
- a) Ref Price A - Description
- "ELECTRICITY-PJM-FE OHIO-DAY AHEAD" means that the price for a Pricing Date will be that day's Specified Price per MWh of electricity for delivery on the Delivery Date, stated in U.S. Dollars, published by PJM at http://www.pjm.com/markets-and-operations/energy/day-ahead.aspx, under the headings "Daily Day-Ahead Locational Marginal Pricing (LMP): LMP Day-Ahead Data: FE OHIO" or any successor headings, that reports prices effective on that Pricing Date.
- b) Ref Price A - Pricing Date
- Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
- For each Monday through Friday, excluding NERC holidays, the average of LMPs for all hours ending 0100-0700, 2400 EPT; for each Saturday, Sunday, and NERC holiday, the average of LMPs for all hours ending 0100-2400 EPT
- d) Ref Price A - Pricing calendar
- PJM
- e) Ref Price A - Delivery Date
- Contract Period
- Final Payment Date
- The second Clearing Organization business day following the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
Codes
- Clearing Admin Name
- Pwr East OPMini
- Physical
- PFO
- Logical
- PFO
- GMI (FC)
- ?J
- ION A.C.N.
- Symbol Code
- PFO