PJM BGE Zone Real-Time Off-Peak Daily Fixed Price Future72486104
ICE Futures U.S.
PJM BGE Zone Real-Time 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 BGE RT Off-Peak
- Contract Symbol
- PBS
- Settlement Method
- Cash settlement
- Contract Size
- 5 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-BGE-REAL TIME
- a) Ref Price A - Description
- "ELECTRICITY-PJM-BGE ZONE-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://dataminer2.pjm.com/feed/rt_hrl_lmps/definition under the headings "Locational Marginal Prices: Real-Time Hourly LMPs: BGE" 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 E OPDayMini
- Physical
- PBS
- Logical
- PBS
- GMI (FC)
- PW
- ION A.C.N.
- Symbol Code
- PBS