PJM Western Hub Real-Time Peak 50MW Fixed Price Future53169017
ICE Futures U.S.
PJM Western Hub Real-Time Peak 50MW Fixed Price Future
Description
A monthly cash settled Exchange Futures Contract based upon the mathematical average of peak hourly electricity prices published by PJM for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- Peak Futures
- Trading Screen Hub Name
- PJM WH RT (50 MW)
- Contract Symbol
- PMJ
- Settlement Method
- Cash settlement
- Contract Size
- 50 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 110 consecutive monthly contract periods, or as otherwise determined by the Exchange
- Last Trading Day
- The last Business Day of the Contract Period
- Final Settlement
- Reference Price A
- REFERENCE PRICE A
- ELECTRICITY-PJM-WESTERN HUB-REAL TIME
- a) Ref Price A - Description
- "ELECTRICITY-PJM-WESTERN HUB-REAL TIME" 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 PJM at http://www.pjm.com/markets/energy-market/real-time.html, under the headings "Daily Real-Time LMP: Daily Real-Time Locational Marginal Pricing Files: WESTERN HUB" 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, 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
- 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
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 | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- East Peak 50MW
- Physical
- PMJ
- Logical
- PJM
- GMI (FC)
- 94
- ION A.C.N.
- Symbol Code
- PMJ