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| Trading Unit |
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| 40 megawatt hours (Mwh) per peak day per week (generally five, except for holiday weeks). Depending on the number of peak days in the week, the number of megawatt hours may vary. |
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| Price Quotation |
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| U.S. dollars and cents per Mwh. |
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| Minimum Price Fluctuation |
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| $0.05 per Mwh. |
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| Maximum Price Fluctuation |
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| No price limits. |
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| Trading Hours (All times are New York time) |
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| The contract is available for trading on the NYMEX ClearPort® trading platform from 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM. Off-Exchange transactions can be submitted solely for clearing to the NYMEX ClearPort® clearing website as an exchange of futures for swaps (EFS) or exchange of futures for physicals (EFP) transaction until 5:15 PM, Monday through Friday, and the day preceding a holiday. |
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| Listed Weeks |
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| Two consecutive weeks. |
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| Peak Days |
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| Monday through Friday, excluding North American Electric Reliability Council (NERC) holidays. |
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| Termination of Trading |
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| One business day before the last peak day of the contract period. |
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| Settlement |
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Financial, based on the arithmetic average of the PJM western hub real-time locational marginal price (LMP) for the 16 peak hours of the day provided by PJM Interconnection, LLC. Each day after the close of trading on the last peak day of the previous week, 40 Mwh per contract will be subtracted from the quantity of each contract for the balance of the week.
For peak days that are not also business days, cash-settlement will take place on the business day immediately preceding these days, separately, in chronological succession, if there is more than one such day in a row.
In the event a business day is not also a peak day, no cash-settlement will be performed on the business day before. Cash-settlement will be resumed on the business day that immediately precedes the next coincident peak day and business day. |
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| Trading Symbol |
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| JW |
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