SPP South Hub Day-Ahead Off-Peak Daily Fixed Price Future37042696
ICE Futures U.S.
SPP South Hub Day-Ahead Off-Peak Daily Fixed Price Future
Description
A daily cash settled Exchange Futures Contract based upon the mathematical average of off-peak hourly electricity prices published by SPP for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- Off-Peak Futures
- Trading Screen Hub Name
- SPP South DA Off-Peak
- Contract Symbol
- SPF
- Settlement Method
- Cash settlement
- Contract Size
- 50 MWh
- 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
- 38 consecutive daily contract periods, or as otherwise determined by the Exchange
- Last Trading Day
- The last Business Day prior to the Contract Period
- Final Settlement
- Reference Price A
- REFERENCE PRICE A
- ELECTRICITY-SPP-SOUTH HUB-DAY AHEAD
- a) Ref Price A - Description
- " ELECTRICITY-SPP-SOUTH HUB-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 the SPP at https://marketplace.spp.org/web/guest/lmp-by-location under the headings "Marketplace Portal " 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
- Average of LMPs for all hours, EST, that are not ending 0700-2200 CPT
- d) Ref Price A - Pricing calendar
- SPP
- e) Ref Price A - Delivery Date
- Contract Period
- Final Payment Date
- The fifth Clearing Organization business day following the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Pwr EastOPDaily
- Physical
- SPF
- Logical
- SPF
- GMI (FC)
- *E
- ION A.C.N.
- Symbol Code
- SPF