ISO New England Rhode Island Day-Ahead Peak Fixed Price Future53168994
ICE Futures U.S.
ISO New England Rhode Island Day-Ahead Peak Fixed Price Future
Description
A monthly cash settled Exchange Futures Contract based upon the mathematical average of daily prices calculated by averaging the peak hourly electricity prices published by ISO New England for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- Peak Futures (1 MW)
- Trading Screen Hub Name
- ISO-NE RI DA
- Contract Symbol
- RIY
- 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-ISO NEW ENGLAND-RHODE ISLAND-DAY AHEAD
- a) Ref Price A - Description
- “ELECTRICITY-ISO NEW ENGLAND-RHODE ISLAND-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 ISO New England at http://www.iso-ne.com/isoexpress/web/reports/pricing/-/tree/lmp-by-node, under the headings "Selectable Day-Ahead and Preliminary Real-Time Hourly LMPs; 4005 : Z.RHODEISLAND: Start Date/End Date" or any successor headings, that reports prices effective on that Pricing Date.
- b) Ref Price A - Pricing Date
- Each Monday through Friday, excluding NERC holidays, day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
- Average of LMPs for all hours ending 0800-2300 EPT
- d) Ref Price A - Pricing calendar
- ISO New England
- 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
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 East Mini
- Physical
- RIY
- Logical
- RIY
- GMI (FC)
- 90
- ION A.C.N.
- Symbol Code
- RIY