ISO New England Massachusetts Hub Day-Ahead Peak 2x16 Fixed Price Future81995997
ICE Futures U.S.
ISO New England Massachusetts Hub Day-Ahead Peak 2x16 Fixed Price Future
Description
A monthly cash settled Exchange Futures Contract based upon the mathematical average of daily prices calculated by averaging the 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 (1 MW)
- Trading Screen Hub Name
- Nepool MH DA 2x16
- Contract Symbol
- NO2
- 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 50 consecutive monthly Contract Periods, or as otherwise determined by the Exchange
- Last Trading Day
- The last Business Day of the Contract Period
- Final Settlement
- Average of Reference Price A Prices
- REFERENCE PRICE A
- ELECTRICITY-ISO NEW ENGLAND-MASS HUB-DAY AHEAD
- 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 here.
Final Real-Time Hourly LMPs: 4000:.H.INTERNAL_HUB: " or any successor headings, that reports prices effective on that Pricing Date. - b) Pricing Date
- Each Saturday, Sunday, and all NERC holidays, that prices are reported for the Delivery Date
- c) Specified Price
- Average of LMPs for all hours ending 0800-2300 EPT
- d) Pricing Calendar
- ISO New England
- e) 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 Daily Fixed Price Future
- ISO New England Massachusetts Hub Day-Ahead Peak Fixed Price Future
- ISO New England Massachusetts Hub Day-Ahead Off-Peak Fixed Price Future
- Option on ISO New England Massachusetts Hub Day-Ahead Peak Daily Fixed Price Future
- ISO New England Massachusetts Hub Day-Ahead Off-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 | 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 East Mini
- Physical
- NO2
- Logical
- NO2
- GMI (FC)
- ION A.C.N.
- Symbol Code
- NO2