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Electricity Futures

HKEx: Hongkong Electric Futures And Options To Be Renamed Power Assets Futures And Options From 23 February
Mondo Visione  Feb 18  Comment 
Hong Kong Exchanges and Clearing Limited (HKEx) has announced that its Hongkong Electric futures and options will be renamed Power Assets futures and options from 23 February this year to reflect the change in the name of the underlying stock. ...
India bans Electricity Futures on poor volumes
Commodity Online  Aug 27  Comment 
India has scrapped the futures trading in the electricity derivatives on account of dismal performance from the traders for the contract which was traded on the only exchange Multi Commodity Exchange (MCX).
NZX Committed To Electricity Futures Market For NZ, In NZ
Mondo Visione  Dec 23  Comment 
NZX is proving its commitment to building a thriving and healthy futures market for the New Zealand electricity sector.
d-cypha ASX Australian Electricity Futures And Options Market: Record Daily Volumes Of 4,509 Contracts Registered On 19 November 2009
Mondo Visione  Nov 20  Comment 
With the 2010 option expiry and soaring temperatures in the physical electricity market on 19 November 2009, the d-cypha ASX Australian Electricity Futures and Options market reached a record for daily volumes with a total of 4,509 contracts...
Federal Appeals Court Affirms CFTC's Finding Of Manipulation By Anthony J. DiPlacido And Modifies Civil Monetary Penalty - CFTC Previously Found That DiPlacido Manipulated Settlement Prices For Electricity Futures Contracts On The New York Mercantile Exch
Mondo Visione  Oct 21  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) today announced that on October 16, 2009, the U.S. Court of Appeals for the Second Circuit affirmed the CFTC's November 5, 2008, decision finding that Anthony J. DiPlacido (DiPlacido)...
CME launches 18 new electricity futures options
Commodity Online  Sep 11  Comment 
CME Group has announced the launch of trading and clearing services for 18 new ERCOT and PJM peak and off peak electricity futures and options contracts on CME ClearPort
Electricity Futures Trading on Nymex
Think in Trading  Sep 26  Comment 
The New York Mercantile Exchange is a US-based futures exchange that deals with energy futures, as well as options in gasoline, crude oil, propane, natural gas, electricity and heating oil, and even base and precious metals. It is the largest...




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 This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.
 
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Electricity futures are traded on the New York Mercantile Exchange under ticker symbol JM in U.S. dollars and cents per Mwh.[1]


Delivery Dates

Electricity futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]

The following is a table with Electricity futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009JMF9JMF9
February, 2009JMG9JMG9
March, 2009JMH9JMH9
April, 2009JMJ9JMJ9
May, 2009JMK9JMK9
June, 2009JMM9JMM9
July, 2009JMN9JMN9
August, 2009JMQ9JMQ9
September, 2009JMU9JMU9
October, 2009JMV9JMV9
November, 2009JMX9JMX9
December, 2009JMZ9JMZ9

Contract Specifications

Contract Size

One Electricity futures contract on the New York Mercantile Exchange is 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)..[1]

Tick Value

$0.05 per Mwh.[1]

Daily Price Limit

No price limits.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM Sundays through 5:15 PM Fridays, with a 45-minute break each day between 5:15 PM and 6:00 PM, New York Time.[1]

Last Trading Day

One business day before the last peak day of the month.[1]

Deliverable Grades

Electric energy delivered shall be in the form of three phase current alternating at a nominal frequency of 60 hertz.[1]

Contents

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The New York Mercantile Exchange's contract specification for Electricity futures
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