- Trading Screen Product Name
- Peak Futures (25 MW)
- Trading Screen Hub Name
- Palo
- Contract Symbol
PVM
- 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 110 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-PALO VERDE PEAK-ICE
- a) Ref Price A - Description
"ELECTRICITY-PALO VERDE PEAK-ICE" means that the price for a Pricing Date will be that day's Specified Price per MWH of on-peak electricity for delivery on the Delivery Date, stated in U.S. Dollars, published by ICE at www.theice.com, under the headings "Day Ahead Power: ICE Daily Indices: Hub: Palo Verde Peak: Wtd Avg Index" or any successor headings, that reports prices effective on that Pricing Date.
- b) Ref Price A - Pricing Date
Each Monday through Saturday, excluding NERC holidays, that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
Avg
- d) Ref Price A - Pricing calendar
ICE
- e) Ref Price A - Delivery Date
Contract Period
- Final Payment Date
The first Clearing Organization business day following the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU