CAISO SP-15 Day-Ahead TB4 Fixed Price Daily Future83047262
ICE Futures U.S.
CAISO SP-15 Day-Ahead TB4 Fixed Price Daily Future
Description
A daily cash settled Exchange Futures Contract based upon the
mathematical average of hourly electricity prices published by
CAISO for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- TB4 Daily Futures
- Trading Screen Hub Name
- SP15 DA TB4
- Contract Symbol
- CBW
- 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 days.
- 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-SP15- DAY AHEAD
- a) Ref Price A - Description
- "ELECTRICITY-CAISO-SP15-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_SP15_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
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 | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- Pwr West Daily
- Physical
- CBW
- Logical
- CBW
- GMI (FC)
- ION A.C.N.
- Symbol Code
- CBW