- Trading Screen Product Name
- TB4 Daily Futures
- Trading Screen Hub Name
- NP15 DA TB4
- Contract Symbol
CBV
- Settlement Method
Cash settlement
- Contract Size
4 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
Average of Reference Price A prices.
- REFERENCE PRICE A
ELECTRICITY-CAISO-NP15- DAY AHEAD
- a) Ref Price A - Description
"ELECTRICITY-CAISO-NP15-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 California ISO at
http://oasis.caiso.com/mrioasis/logon.do, under the headings
"Prices: Locational Marginal Prices (LMP): P/APNode ID:
TH_NP15_GEN-APND: Market: DAM" 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
The average of LMPs for the four highest priced hours, minus the
average of LMPs for the four lowest priced hours for all hours
ending 0100-2400 PPT.
- d) Ref Price A - Pricing calendar
CAISO
- e) Ref Price A - Delivery Date
Contract Period
- Final Payment Date
The sixth Clearing Organization business day following the Last
Trading Day.
- MIC Code
- IFED
- Clearing Venues
- ICEU