PJM Western Hub Day-Ahead Off-Peak Daily Fixed Price Future6590503
ICE Futures U.S.
PJM Western 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 PJM for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- Off-Peak Futures
- Trading Screen Hub Name
- PJM WH DA Off-Peak
- Contract Symbol
- PDO
- 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
- Up to 365 consecutive daily Contract Periods, or as otherwise determined by the Exchange.
- Last Trading Day
- The Business Day prior to the Contract Period
- Final Settlement
- Reference Price A
- REFERENCE PRICE A
- ELECTRICITY-PJM-WESTERN HUB-DAY AHEAD
- a) Ref Price A - Description
- "ELECTRICITY-PJM-WESTERN 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 PJM at Data Miner 2., under the headings "Daily Day-Ahead Locational Marginal Pricing (LMP): LMP Day-Ahead Data: WESTERN HUB" 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 0100-0700, 2400 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 | 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
- PDO
- Logical
- PDO
- GMI (FC)
- YC
- ION A.C.N.
- QM60
- Symbol Code
- PDO