ICE PJM Western Hub Day-Ahead Peak Fixed Price

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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 PJM for the location specified in Reference Price A.

PJM Western Hub Day-Ahead Peak Fixed Price Future
Trading Screen Product Name Peak Futures (1 MW)
Trading Screen Hub Name PJM WH DA
Contract Symbol PJC
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
Last Trading Day The last Business Day of the Contract Period
Final Settlement Average of Reference Price A Prices
REFERENCE PRICE A ELECTRICITY-PJM-WESTERN HUB-DAY AHEAD
a) Ref Price A - Description "ELECTRICITY-PJM-WESTERN 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 PJM at http://www.pjm.com/markets/energy-market/day-ahead.html, under the headings "Daily Day-Ahead Locational Marginal Pricing (LMP): LMP Day-Ahead Data: WESTERN HUB" or any successor headings, that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date Each Monday through Friday, excluding NERC holidays, that prices are reported for the Delivery Date
c) Ref Price A - Specified Price Average of LMPs for all hours ending 0800-2300 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
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 East Mini
Physical PJC
Logical PJC
GMI (FC) AA
ION A.C.N. SM88

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ICE PJM Western Hub Day-Ahead Peak Fixed Price Product Spec