Weekly Average Price on PJM Western Hub Real-Time Peak Fixed Price Future66168788
ICE Futures U.S.
Weekly Average Price on PJM Western Hub Real-Time Peak Fixed Price Future
Description
A weekly 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 Weekly APO
- Trading Screen Hub Name
- PJM WH RT
- Contract Symbol
- PJH
- Settlement Method
- Cash settlement
- Contract Size
- 800 MWh’s multiplied by the number of Peak days in the week
- 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 52 consecutive weekly Contract Periods, or as otherwise determined by the Exchange
- Last Trading Day
- At the end of the Trading Session on 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 http://pjm.com/markets-and-operations/energy/real-time/lmp.aspx , under the Headings “Daily Real-Time Locational Marginal Pricing(LMP): LMP Real-Time Data: WESTERN HUB” or any successor headings, that reports Prices effective on the 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
Codes
- Clearing Admin Name
- Pwr East Daily
- Physical
- PJH
- Logical
- PJH
- GMI (FC)
- J2
- ION A.C.N.
- Symbol Code
- PJH