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CME Group Inc., the world's largest and most diverse derivatives exchange, today announced a new PJM Western Hub 50 MW peak calendar month real-time LMP swap futures contract, scheduled to begin trading on May 17 for trade date May 18. This contract is listed with, and subject to, the rules and regulations of NYMEX. It will be available on the CME Globex® electronic trading platform.
The PJM Western Hub is one of the most actively trading locations in the U.S. electricity market. The PJM Interconnection LLC (PJM) is a regional transmission organization regulated by the Federal Energy Regulatory Commission that operates an electricity system which includes 13 states and the District of Columbia. PJM is the world's largest wholesale competitive electricity market and includes an area with a population of 51 million.
The commodity code will be 4SN, and the first listed month will be June 2009. The contract will be listed for five consecutive calendar years with a new calendar year added after the termination of the December contract month of the current year. The contract will be 800 megawatt hours in size, based on 50 megawatts for peak daily hours, with a minimum price fluctuation of $0.05.
For more information, please visit www.cmegroup.com/clearport.
