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| Trading Unit |
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| 40 megawatt hours (Mwh) per peak day (between 19 and 23 days) depending on the month. Depending on the number of peak days in the month, the number of megawatt hours will vary between 760 Mwh and 920 Mwh. |
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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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| Trading Months |
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| The current year plus the next five calendar years. A new calendar year will be added following the termination of trading in the December contract of the current year. |
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| Peak Days and Hours |
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Monday through Friday, excluding North American Electric Reliability Council (NERC) holidays. Peak hours are from the hour ending (HE) at 0800 to HE at 2300, prevailing eastern time. Peak days are Monday through Friday, excluding North American Electric Reliability Council (NERC) holidays.
MISO operates throughout the year on Eastern Standard Time, and does not make the transition into and out of Daylight Savings Time. Prevailing time, however, reflects the adjustment. See MISO Hours for a more detailed discussion of peak and off-peak hours. |
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| Termination of Trading |
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| Last business day of the contract month. |
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| Settlement |
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| Financial, based on the arithmetic average of the Cinergy Hub real-time locational marginal price (LMP) for the peak hours of each day provided by Midwest Independent Transmission System Operator. |
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| Trading Symbol |
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| EM |
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