Nymex To Introduce Five New Electricity Contracts

The New York Mercantile Exchange, Inc., today announced that will introduce five new electricity futures contracts on NYMEX ClearPort® clearing and trading on January 8 for the trade date of January 9.

The new contracts and their commodity codes are: ISO New England peak daily futures (CE); NYISO A peak daily futures (AN); NYISO G peak daily futures (GN); NYISO J peak daily futures (JN); and Cinergy hub peak daily futures (CC).

The contract days listed will be the peak days remaining in the current month and the following month. The contract units for the peak contracts will be 40 megawatt hours times the number of peak days in the contract month, with a minimum price fluctuation of $0.05 per megawatt hour. Fees will be $0.20 per daily contract.