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Market Operations

The ICE NGX Market Operations team provides ICE NGX clients with customer service and support 7 days a week and is the first line of support for your customer service needs. For after-hours/on-call support for delivery issues please contact the operations team at +1 403 974 HELP (4357).

Customer Support

Nominations, Scheduling and Backstopping

Market Operations handles the scheduling of physical traded natural gas and confirms delivery on ICE NGX hubs. To ensure firm delivery for all ICE NGX transactions, unique backstopping procedures are used in the event of a delivery failure. Failures are corrected the same gas day to ensure ICE NGX trades are the most risk-free transactions available.

Index Verification and Publication

ICE NGX publishes a variety of natural gas, crude oil and electricity indices, derived from trading done on multiple trading platforms. Market Ops performs daily processes to ensure all energy indices are accurate and verified for use by ICE NGX client base. Monthly publications based around the ICE NGX primary gas indices are constructed by the operations team and are available for all ICE NGX customers.

Price Settlements

Market Operations calculates and publishes daily closing marks (settlements) for over 20,000 natural gas, power and crude oil trading products. Used in mark-to-market and variation margin calculations these settlement marks are applied daily to all ICE NGX position held by ICE NGX clients.

Operation of Secondary Markets

Independent of the main WebICE platform ICE NGX Market Operations operates a number of secondary markets. The Alberta Watt-Exchange acts as a platform for the Alberta Electric System Operator to procure reserve power for the Alberta Market. The ICE NGX Power Auction System is another independent system operated by the Market Operations group which allows for the auction of customized electricity products.

Nominations & Scheduling

ICE NGX Transactions for physical delivery must be nominated to the respective pipeline on a daily basis during the delivery period.

Daily Nominations Schedule

Canadian Natural Gas
Hub NameMarket ClosesNomination DeadlineTransaction UnitsNomination UnitsNomination TypePipeline
AB-NIT Yesterday11:00MT*11:30MT*GJGJGross Receipt and DeliveryTCPL
AB-NIT Same Day15:00MT*16:00MT*GJ/MMbtuGJGross Receipt and DeliveryTCPL
AB-NIT Baseload15:00MT*16:00MT*GJ/MMbtuGJGross Receipt and DeliveryTCPL
APC-ATP Yesterday10:00MT10:30MTGJGJNet One side onlyAlliance
APC-ATP Same Day14:00MT14:30MTGJGJNet One side onlyAlliance
APC-ATP Next Day11:30MT12:00MTGJGJNet One side onlyAlliance
Spectra Huntingdon11:30MT12:00MTMMbtuGJNet One side onlySpectra
Spectra Station 2 YD10:00MT10:30MTGJGJNet One side onlySpectra
Spectra Station 2 SD14:00MT14:30MTGJ/MMbtuGJNet One side onlySpectra
Spectra Station 2 ND15:00MT15:30MTGJ/MMbtuGJNet One side onlySpectra
TEP Fixed and Index Same Day Ahead14:00MT15:00MTGJGJNet One side onlyTransgas Energy Pool
TCPL – Empress, Suffield Day Ahead11:30MT12:00MTGJGJNet One side onlyTCPL
TCPL – Chippawa, East Hereford, Emerson 1, Emerson 2, Enbridge CDA, Enbridge EDA, GMI EDA Iroquois, Niagara, St. Clair Day Ahead11:30MT12:00MTGJGJNet One side onlyTCPL
Union Dawn and Union Parkway Day Ahead11:30MT12:00MTMMbtuGJNet One side onlyUnion Gas

*Note: All times are subject to Daylight Saving Time. SD and ND Weekend/Holiday markets close at 12:00MT

U.S. Natural Gas
Hub NameMarket ClosesNomination DeadlineTransaction UnitsNomination UnitsNomination TypePipeline
APC-ACE11:30MT12:00MTMMbtuMMbtuNet One side onlyAlliance Pipeline
ANR-SE-T11:30MT12:00MTMMbtuMMbtuNet One side onlyANR
ANR-SW11:30MT12:00MTMMbtuMMbtuNet One side onlyANR
CG-Mainline11:30MT12:00MTMMbtuMMbtuNet One side onlyColumbia Gulf
CG-Onshore11:30MT12:00MTMMbtuMMbtuNet One side onlyColumbia Gulf
Cheyenne Hub11:30MT12:00MTMMbtuMMbtuNet One side onlyCIG
Consumers11:30MT12:00MTMMbtuMMbtuNet One side onlyConsumers Energy
Cove Point11:30MT12:00MTMMbtuMMbtuNet One side onlyDominion Energy Inc.
Dominion North11:30MT12:00MTMMbtuMMbtuNet One side onlyDominion Transmission
Dominion South11:30MT12:00MTMMbtuMMbtuNet One side onlyDominion Transmission
EGT-Flex11:30MT12:00MTMMbtuMMbtuNet One side onlyCenterpoint Energy
EP-Keystone Pool11:30MT12:00MTMMbtuMMbtuNet One side onlyEPNG
EP-SJ Blanco Pool11:30MT12:00MTMMbtuMMbtuNet One side onlyEPNG
FGT-Z311:30MT12:00MTMMbtuMMbtuNet One side onlyFlorida Gas Transmission Company, LLC
GTN Kingsgate11:30MT12:00MTMMbtuMMbtuNet One side onlyTransCanada GTN
GTN Malin11:30MT12:00MTMMbtuMMbtuNet One side onlyTranscanada GTN
GTN Stanfield11:30MT12:00MTMMbtuMMbtuNet One side onlyTranscanada GTN
HSC-HPL Pool11:30MT12:00MTMMbtuMMbtuNet One side onlyEnergy Transfer Partners LP
Iroquois (into)11:30MT12:00MTMMbtuMMbtuNet One side onlyIroquois Gas Transmission
Henry11:30MT12:00MTMMbtuMMbtuNet One side onlySabine
Katy-Enstor Pool11:30MT12:00MTMMbtuMMbtuNet One side onlyEnergy Transfer Partners LP
Katy-Oasis11:30MT12:00MTMMbtuMMbtuNet One side onlyEnstor Katy Storage
KRGT – Del Pool11:30MT12:00MTMMbtuMMbtuNet One side onlyKern River Gas Transmission
KRGT – Rec Pool11:30MT12:00MTMMbtuMMbtuNet One side onlyKern River Gas Transmission
Leidy – Transco11:30MT12:00MTMMbtuMMbtuNet One side onlyTranscontinental Gas Pipeline Corporation
MichCon11:30MT12:00MTMMbtuMMbtuNet One side onlyMichcon
Millennium East Pool11:30MT12:00MTMMbtuMMbtuNet One side onlyMillennium Pipeline Co.
Moss Bluff Inter11:30MT12:00MTMMbtuMMbtuNet One side onlySpectra Energy Transmission
NBPL-Ventura TP11:30MT12:00MTMMbtuMMbtuNet One side onlyNorthern Border
NGPL-Midcont Pool11:30MT12:00MTMMbtuMMbtuNet One side onlyKinder Morgan
NGPL-Nicor11:30MT12:00MTMMbtuMMbtuNet One side onlyKinder Morgan
NGPL - Nipsco11:30MT12:00MTMMbtuMMbtuNet One side onlyNatural Gas Pipeline
NGPL-STX11:30MT12:00MTMMbtuMMbtuNet One side onlyKinder Morgan
NGPL-TxOk East11:30MT12:00MTMMbtuMMbtuNet One side onlyKinder Morgan
NNG-Demarc11:30MT12:00MTMMbtuMMbtuNet One side onlyNorthern Natural
NNG-Ventura11:30MT12:00MTMMbtuMMbtuNet One side onlyNorthern Natural
OGT11:30MT12:00MTMMbtuMMbtuNet One side onlyOneok Gas Transportation, LLC
Oasis-Waha Pool11:30MT12:00MTMMbtuMMbtuNet One side onlyOasis Pipeline, LP
Opal11:30MT12:00MTMMbtuMMbtuNet One side onlyWFS
Panhandle11:30MT12:00MTMMbtuMMbtuNet One side onlyPanhandle Energy
PGE Citygate11:30MT12:00MTMMbtuMMbtuNet One side onlyCGT
REX E-ANR11:30MT12:00MTMMbtuMMbtuNet One side onlyRockies Express Pipeline, LLC
SoCal-Citygate11:30MT12:00MTMMbtuMMbtuNet One side onlySoCal
Sonat-Z0 South11:30MT12:00MTMMbtuMMbtuNet One side onlySouthern Natural Gas Company, LLC
TCO11:30MT12:00MTMMbtuMMbtuNet One side onlyColumbia Gas
TCO-A04 Pool11:30MT12:00MTMMbtuMMbtuNet One side onlyColumbia Gas
TGP-500L11:30MT12:00MTMMbtuMMbtuNet One side onlyTennessee
TGP-800L11:30MT12:00MTMMbtuMMbtuNet One side onlyTennessee
TGP-Z0 North11:30MT12:00MTMMbtuMMbtuNet One side onlyTennessee Pipeline
TGP-Z0 South11:30MT12:00MTMMbtuMMbtuNet One side onlyTennessee Pipeline
Transco-3011:30MT12:00MTMMbtuMMbtuNet One side onlyTranscontinental Gas Pipeline Corporation
Transco-6511:30MT12:00MTMMbtuMMbtuNet One side onlyTranscontinental
Transco-8511:30MT12:00MTMMbtuMMbtuNet One side onlyTranscontinental Gas Pipeline Corporation
Transco-Z5 South11:30MT12:00MTMMbtuMMbtuNet One side onlyTranscontinental Gas Pipeline Corporation
Transco-Z6 NY11:30MT12:00MTMMbtuMMbtuNet One side onlyTranscontinental Gas Pipeline Corporation
Transco-Z6 non-NY11:30MT12:00MTMMbtuMMbtuNet One side onlyTranscontinental Gas Pipeline Corporation
Transco-Z6 non-NY North11:30MT12:00MTMMbtuMMbtuNet One side onlyTranscontinental Gas Pipeline Corporation
Transco-Z6 non-NY North ML11:30MT12:00MTMMbtuMMbtuNet One side onlyTranscontinental Gas Pipeline Corporation
Transco-Z6 Sta-21011:30MT12:00MTMMbtuMMbtuNet One side onlyTranscontinental Gas Pipeline Corporation
Stagecoach11:30MT12:00MTMMbtuMMbtuNet One side onlyCentral New York Oil & Gas
TETCO -ELA11:30MT12:00MTMMbtuMMbtuNet One side onlyTexas Eastern Transmission Corp
TETCO-M1 3011:30MT12:00MTMMbtuMMbtuNet One side onlyTexas Eastern Transmission Corp
TETCO-M2 (receipt)11:30MT12:00MTMMbtuMMbtuNet One side onlyTexas Eastern Transmission Corp
TETCO-M311:30MT12:00MTMMbtuMMbtuNet One side onlyTexas Eastern Transmission Corp
TETCO-STX11:30MT12:00MTMMbtuMMbtuNet One side onlyTexas Eastern Transmission Corp
TETCO-WLA11:30MT12:00MTMMbtuMMbtuNet One side onlyTexas Eastern Transmission Corp
TGT-Mainline11:30MT12:00MTMMbtuMMbtuNet One side onlyTexas Eastern Transmission Corp
TGT-North LA11:30MT12:00MTMMbtuMMbtuNet One side onlyTexas Eastern Transmission Corp
TGT-SL11:30MT12:00MTMMbtuMMbtuNet One side onlyTexas Eastern Transmission Corp
Trunkline-ELA11:30MT12:00MTMMbtuMMbtuNet One side onlyPanhandle Energy
Trunkline-WLA11:30MT12:00MTMMbtuMMbtuNet One side onlyPanhandle Energy
Trunkline-Z1A11:30MT12:00MTMMbtuMMbtuNet One side onlyPanhandle Energy
Waha11:30MT12:00MTMMbtuMMbtuNet One side onlyEnterprise Pipeline

Market Price Bands

The Market Price Band is used to handle trades in error, pursuant to Article 3.7 of the ICE NGX Contracting Party’s Agreement.

AB-NIT Fixed Price Products

Same Day, YD, Daily and Weekend$0.25 CAD/GJ   USD/MM
Rest of Month and Near Month $0.10 CAD/GJ   USD/MM
Monthly$0.05 CAD/GJ   USD/MM
Seasonal and Yearly$0.05 CAD/GJ   USD/MM

AB-NIT Index Products

Same Day, Daily and Weekend $0.04 CAD/GJ USD/MM
Rest of Month and Near Month $0.04 CAD/GJ USD/MM
Monthly$0.01 CAD/GJ USD/MM
Seasonal and Yearly$0.0075 CAD/GJ USD/MM

AB-NIT Physical Basis Products

Near Month $0.05 USD/MM
Monthly $0.05 USD/MM
Seasonal and Yearly $0.05 USD/MM

Union Dawn & Union Parkway Fixed Price Products

Daily$0.10 USD/MM
Rest of Month$0.10 USD/MM
Monthly$0.05 USD/MM
Seasonal and Yearly$0.02 USD/MM

Union Dawn & Union Parkway Basis Products

Monthly$0.05 USD/MM
Seasonal and Yearly$0.02 USD/MM

Union Dawn Daily Index

Daily$0.04 USD/MM
Rest of Month$0.04 USD/MM
Near Month$0.02 USD/MM
Monthly$0.02 USD/MM
Seasonal & Yearly$0.02 USD/MM

Transport and Spread Markets (excluding Empress/AB-NIT and Spectra Station 2/AB-NIT)

CAD $ Fixed Price and Basis Spreads $0.05 CAD/GJ
USD $ Fixed Price and Basis Spreads $0.05 USD/MM

TCPL Empress/AB-NIT Spread

Daily$0.25 CAD/GJ
Rest of Month$0.10 CAD/GJ
Near Month$0.05 CAD/GJ
Monthly $0.05 CAD/GJ
Seasonal and Yearly$0.05 CAD/GJ

Spectra Station 2/AB-NIT Spread

Daily$0.25 CAD/GJ
Rest of Month$0.10 CAD/GJ
Near Month$0.05 CAD/GJ
Monthly $0.05 CAD/GJ
Seasonal and Yearly$0.05 CAD/GJ

Spectra Station 2 Fixed Price Products

Daily$0.25 CAD/GJ
Rest of Month$0.10 CAD/GJ
Near Month$0.10 CAD/GJ
Monthly$0.05 CAD/GJ
Seasonal and Yearly$0.05 CAD/GJ

Spectra Station 2 Index Products

Daily$0.04 CAD/GJ
Rest of Month and Monthly$0.04 CAD/GJ
Seasonal and Yearly$0.025 CAD/GJ

Spectra Hunt Fixed Price Products

Daily$0.25 USD/MM
Rest of Month$0.10 USD/MM
Near Month$0.10 USD/MM
Monthly$0.05 USD/MM
Seasonal and Yearly$0.05 USD/MM

Spectra Hunt Index Products

Daily$0.02 USD/MM
Near Month and Monthly$0.02 USD/MM
Seasonal and Yearly$0.02 USD/MM

TCPL Mainline Products

Daily Fixed Price$0.25 USD/MM
Rest of Month and Monthly Fixed Price$0.10 USD/MM
Seasonal and Yearly Fixed Price$0.05 USD/MM
Daily Index$0.02 USD/MM
Basis$0.05 USD/MM

TEP Products

Daily Fixed Price$0.25 CAD/GJ
Rest of Month and Monthly Fixed Price$0.10 CAD/GJ
All Index Prodcuts$0.02 CAD/GJ

APC-ATP Products

Daily Fixed Price$0.25 CAD/GJ
Rest of Month and Monthly Fixed Price$0.10 CAD/GJ
All Index Products$0.05 CAD/GJ

Natural Gas Financial Futures

All Fixed Price Products$0.25 USD/MM
All Basis Price Products$0.05 USD/MM

Alberta Fixed Power Financial Futures (Flat, Peak, Off Peak, Extended Peak, Super Peak, and Extended Off Peak)

Daily, Weekend, and Rest of Month$2.50 CAD/MWh
All Other Products$1.00 CAD/MWh

Alberta Index Power Financial Futures (Flat, Extended Peak)

Near Month$0.05 CAD/MWh
All Other Products$0.02 CAD/MWh

Ontario Fixed Power Financial Futures (Flat, Peak, Off Peak, Extended Peak, and Extended Off Peak)

Daily, Weekend, and Rest of Month$2.50 CAD/MWh
All Other Products$1.00 CAD/MWh

Ontario Index Power Financial Futures (Flat, Extended Peak)

Near Month$0.05 CAD/MWh
All Other Products$0.02 CAD/MWh

Power Financial Futures (EPCOR RRO)

All Products$2.50 CAD/%

Power Financial Futures (ENMAX RRO)

All Products$2.50 CAD/%