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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
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, 2009 | JMF9 | JM/F9-NM |
| February, 2009 | JMG9 | JM/G9-NM |
| March, 2009 | JMH9 | JM/H9-NM |
| April, 2009 | JMJ9 | JM/J9-NM |
| May, 2009 | JMK9 | JM/K9-NM |
| June, 2009 | JMM9 | JM/M9-NM |
| July, 2009 | JMN9 | JM/N9-NM |
| August, 2009 | JMQ9 | JM/Q9-NM |
| September, 2009 | JMU9 | JM/U9-NM |
| October, 2009 | JMV9 | JM/V9-NM |
| November, 2009 | JMX9 | JM/X9-NM |
| December, 2009 | JMZ9 | JM/Z9-NM |
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]
References
- ↑ 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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