ISO New England Massachusetts Hub Day-Ahead Peak Daily Fixed Price Future6590451
ICE Futures U.S.
ISO New England Massachusetts Hub Day-Ahead Peak Daily Fixed Price Future
Description
A daily cash settled Exchange Futures Contract based upon the mathematical average of 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
- Trading Screen Hub Name
- Nepool MH DA (Daily)
- Contract Symbol
- EDP
- Settlement Method
- Cash settlement
- Contract Size
- 800 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
- Up to 365 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-ISO NEW ENGLAND-MASS HUB-DAY AHEAD
- a) Ref Price A - Description
- "ELECTRICITY-ISO NEW ENGLAND-MASS 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 ISO New England at http://www.iso-ne.com/markets, under the headings "Hourly Data: Selectable Hourly LMP Data: 4000_:_.H.INTERNAL_HUB: Start Date/End Date: LMP prices for Day-ahead and Real-time: Day Ahead LMP" 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 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 third Clearing Organization business day following the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
- ISO New England Massachusetts Hub Day-Ahead Peak Fixed Price Future
- ISO New England Massachusetts Hub Day-Ahead Off-Peak Fixed Price Future
- ISO New England Massachusetts Hub Day-Ahead Peak Daily Mini Fixed Price Future
- Option on ISO New England Massachusetts Day-Ahead Peak Daily Mini Fixed Price Future
- ISO New England Massachusetts Hub Real-Time Peak Daily Fixed Price Future Show More
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
- Pwr East Daily
- Physical
- EDP
- Logical
- EDP
- GMI (FC)
- QA
- ION A.C.N.
- NO10
- Symbol Code
- EDP