NODAL EXCHANGE CONTRACT SPECIFICATION

PJM CITIZENS Monthly Day Ahead On-Peak Energy + Congestion Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial On-Peak Energy + Congestion PJM CITIZENS, Day 

Ahead

Contract Code WYA

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, which is equal to 1 MW for each hour of the contract

Lot Size

Variable, expressed in MWh. For each contract the Lot Size will equal 1 MW 

multiplied by the number of On-Peak hours within the month traded, so in a month 

with 336 On-Peak hours, the lot size equals 336 MWh. The definition of On-Peak 

hours is Hour Ending (HE) 0800 – 2300 Monday through Friday, EPT, excluding NERC 

Holidays.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day The first business day after the last trading day of the current expiring contract

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series 49 months

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the dayahead hourly Energy of PJM WESTERN HUB plus the day-ahead hourly Congestion 

price of CITIZENS for all On-Peak hours in the contract month. These prices can be 

found at the following link or at successor location 

https://dataminer2.pjm.com/feed/da_hrl_lmps

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF
NODAL EXCHANGE CONTRACT SPECIFICATION

PJM CITIZENS Monthly Day Ahead Off-Peak Energy + Congestion Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial Off-Peak Energy + Congestion PJM CITIZENS, Day 

Ahead

Contract Code WYB

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, which is equal to 1 MW for each hour of the contract

Lot Size

Variable, expressed in MWh. For each contract the Lot Size will equal 1 MW 

multiplied by the number of Off-Peak hours within the month traded, so in a month 

with 400 Off-Peak hours, the lot size equals 400 MWh. The definition of Off-Peak 

hours is Hour Ending (HE) 0100 – 0700 and HE 2400, Monday through Friday, EPT 

and all hours for Saturday, Sunday, and all NERC Holidays.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day The first business day after the last trading day of the current expiring contract

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series 49 months

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the dayahead hourly Energy of PJM WESTERN HUB plus the day-ahead hourly Congestion 

price of CITIZENS for all Off-Peak hours in the contract month. These prices can be 

found at the following link or at successor location 

https://dataminer2.pjm.com/feed/da_hrl_lmps

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF
NODAL EXCHANGE CONTRACT SPECIFICATION

PJM CITIZENS Monthly Day Ahead 7x8 Energy + Congestion Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial 7x8 Energy + Congestion PJM CITIZENS, Day Ahead

Contract Code WYD

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, which is equal to 1 MW for each hour of the contract

Lot Size

Variable, expressed in megawatt hour (MWh). The Lot Size will equal 1 MW 

multiplied by the number of 7x8 hours within the month traded, so in a month with 

248 7x8 hours, the Lot Size equals 248 MWh. The definition of 7x8 hours is Hour 

Ending (HE) 0100 – 0700 and HE 2400, Sunday through Saturday, EPT.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day The first business day after the last trading day of the current expiring contract

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series 49 months

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the dayahead hourly Energy of PJM WESTERN HUB plus the day-ahead hourly Congestion 

price of CITIZENS for all 7x8 hours in the contract month. These prices can be found 

at the following link or at successor location. 

https://dataminer2.pjm.com/feed/da_hrl_lmps

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF
NODAL EXCHANGE CONTRACT SPECIFICATION

PJM CITIZENS Monthly Day Ahead 2x16 Energy + Congestion Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial 2x16 Energy + Congestion PJM CITIZENS, Day Ahead

Contract Code WYC

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, which is equal to 1 MW for each hour of the contract

Lot Size

Variable, expressed in megawatt hour (MWh). The Lot Size will equal 1 MW 

multiplied by the number of 2x16 hours within the month traded, so in a month with 

144 2x16 hours, the Lot Size equals 144 MWh. The definition of 2x16 hours is Hour 

Ending (HE) 0800 – 2300, Sunday, Saturday, and all NERC holidays, EPT.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day The first business day after the last trading day of the current expiring contract

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series 49 months

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the dayahead hourly Energy of PJM WESTERN HUB plus the day-ahead hourly Congestion 

price of CITIZENS for all 2x16 hours in the contract month. These prices can be found 

at the following link or at successor location. 

https://dataminer2.pjm.com/feed/da_hrl_lmps

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF
NODAL EXCHANGE CONTRACT SPECIFICATION

PJM DUNCANNON Monthly Day Ahead On-Peak Energy + Congestion 

Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial On-Peak Energy + Congestion PJM DUNCANNON, Day 

Ahead

Contract Code WYE

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, which is equal to 1 MW for each hour of the contract

Lot Size

Variable, expressed in MWh. For each contract the Lot Size will equal 1 MW 

multiplied by the number of On-Peak hours within the month traded, so in a month 

with 336 On-Peak hours, the lot size equals 336 MWh. The definition of On-Peak 

hours is Hour Ending (HE) 0800 – 2300 Monday through Friday, EPT, excluding NERC 

Holidays.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day The first business day after the last trading day of the current expiring contract

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series 49 months

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the dayahead hourly Energy of PJM WESTERN HUB plus the day-ahead hourly Congestion 

price of DUNCANNON for all On-Peak hours in the contract month. These prices can 

be found at the following link or at successor location 

https://dataminer2.pjm.com/feed/da_hrl_lmps

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF
NODAL EXCHANGE CONTRACT SPECIFICATION

PJM DUNCANNON Monthly Day Ahead Off-Peak Energy + Congestion 

Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial Off-Peak Energy + Congestion PJM DUNCANNON, Day 

Ahead

Contract Code WYF

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, which is equal to 1 MW for each hour of the contract

Lot Size

Variable, expressed in MWh. For each contract the Lot Size will equal 1 MW 

multiplied by the number of Off-Peak hours within the month traded, so in a month 

with 400 Off-Peak hours, the lot size equals 400 MWh. The definition of Off-Peak 

hours is Hour Ending (HE) 0100 – 0700 and HE 2400, Monday through Friday, EPT 

and all hours for Saturday, Sunday, and all NERC Holidays.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day The first business day after the last trading day of the current expiring contract

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series 49 months

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the dayahead hourly Energy of PJM WESTERN HUB plus the day-ahead hourly Congestion 

price of DUNCANNON for all Off-Peak hours in the contract month. These prices can 

be found at the following link or at successor location 

https://dataminer2.pjm.com/feed/da_hrl_lmps

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF
NODAL EXCHANGE CONTRACT SPECIFICATION

PJM DUNCANNON Monthly Day Ahead 7x8 Energy + Congestion Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial 7x8 Energy + Congestion PJM DUNCANNON, Day 

Ahead

Contract Code WYH

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, which is equal to 1 MW for each hour of the contract

Lot Size

Variable, expressed in megawatt hour (MWh). The Lot Size will equal 1 MW 

multiplied by the number of 7x8 hours within the month traded, so in a month with 

248 7x8 hours, the Lot Size equals 248 MWh. The definition of 7x8 hours is Hour 

Ending (HE) 0100 – 0700 and HE 2400, Sunday through Saturday, EPT.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day The first business day after the last trading day of the current expiring contract

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series 49 months

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the dayahead hourly Energy of PJM WESTERN HUB plus the day-ahead hourly Congestion 

price of DUNCANNON for all 7x8 hours in the contract month. These prices can be 

found at the following link or at successor location. 

https://dataminer2.pjm.com/feed/da_hrl_lmps

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF
NODAL EXCHANGE CONTRACT SPECIFICATION

PJM DUNCANNON Monthly Day Ahead 2x16 Energy + Congestion Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial 2x16 Energy + Congestion PJM DUNCANNON, Day 

Ahead

Contract Code WYG

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, which is equal to 1 MW for each hour of the contract

Lot Size

Variable, expressed in megawatt hour (MWh). The Lot Size will equal 1 MW 

multiplied by the number of 2x16 hours within the month traded, so in a month with 

144 2x16 hours, the Lot Size equals 144 MWh. The definition of 2x16 hours is Hour 

Ending (HE) 0800 – 2300, Sunday, Saturday, and all NERC holidays, EPT.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day The first business day after the last trading day of the current expiring contract

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series 49 months

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the dayahead hourly Energy of PJM WESTERN HUB plus the day-ahead hourly Congestion 

price of DUNCANNON for all 2x16 hours in the contract month. These prices can be 

found at the following link or at successor location. 

https://dataminer2.pjm.com/feed/da_hrl_lmps

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF