NYMEX To Change Margins For Some Financially Settled Electricity Futures Contracts

The New York Mercantile Exchange, Inc. today announced margin changes for some of its financially settled electricity futures contracts on NYMEX ClearPort®, effective at the close of business on February 21.

Margins for the first month of the Northern Illinois Hub peak electricity futures contracts will decrease to $7,000 from $10,000 for clearing members, to $7,700 from $11,000 for members, and to $9,450 for $13,500 customers. The margins for all other months will remain the same.

Margins for the first month of the ISO New England Internal Hub peak electricity futures contract will decrease to $6,000 from $7,000 for clearing members, to $6,600 from $7,700 for members, and to $8,100 from $9,450 for customers. The margins for the second to sixth months will decrease to $5,000 from $6,000 for clearing members, to $5,500 from $6,600 for members, and to $6,750 from $8,100 for customers. Margins for all other months will remain unchanged.

The margins for the first month of the NYISO Zone A off-peak, NYISO Zone G off-peak, and NYISO Zone J off-peak electricity futures contracts will increase to $5,000 from $4,000 for clearing members, to $5,500 from $4,400 for members, and to $6,750 from $5,400 for customers. Margins for all other months will remain the same.