ICE NGX offers a variety of products across commodities throughout Canada and the US. ICE NGX’s clearing-supported trading model provides an environment in which counter parties can minimize risk while improving price discovery and facilitate back-office processes.
ICE NGX’s gas and power contracts are available for onscreen trading through ICE’s WebICE platform. All ICE NGX futures transactions available on ICE enter the ICE NGX clearing system after trading, allowing traders to utilize ICE trading technology while minimizing risk by using the ICE NGX clearing model. Direct OTC Clearing is also available by contacting the ICE NGX Marketing group. All physical commodities traded on ICE NGX are physically cleared and scheduled by ICE NGX to ensure all delivery obligations are met.
For customers simply looking for real-time and historical market information, ICE NGX offers a Viewing Service that allows access to critical data included in the ICE NGX Trading Reports. Data from ICE NGX gas and power can then be viewed through one system. Different settlement and index information is provided based upon the chosen ICE NGX Viewing service.
ICE NGX offers independent auctions hosted on ICE NGX TradePath. Contracts executed on the ICE NGX TradePath can be cleared through the ICE NGX Clearing system.
ICE NGX’s gas and power contracts are available for onscreen trading through ICE’s WebICE platform. All ICE NGX futures transactions available on ICE enter the ICE NGX clearing system after trading, allowing traders to utilize ICE trading technology while minimizing risk by using the ICE NGX clearing model. Direct OTC Clearing is also available by contacting the ICE NGX Marketing group. All physical commodities traded on ICE NGX are physically cleared and scheduled by ICE NGX to ensure all delivery obligations are met.
For customers simply looking for real-time and historical market information, ICE NGX offers a Viewing Service that allows access to critical data included in the ICE NGX Trading Reports. Data from ICE NGX gas and power can then be viewed through one system. Different settlement and index information is provided based upon the chosen ICE NGX Viewing service.
ICE NGX offers independent auctions hosted on ICE NGX TradePath. Contracts executed on the ICE NGX TradePath can be cleared through the ICE NGX Clearing system.
In addition to contracts available through ICE, ICE NGX offers Ancillary Services electricity contracts through WattEx. These contracts transact on the WattEx trading system.
Effective March 11, 2024 ICE NGX’s environmental products, including for Alberta Emissions Offsets and Emission Performance Credits, are available for onscreen trading through ICE’s WebICE platform and clearing alongside our existing products, providing netting benefits to margin and settlements by having gas, power, and environmental commodities markets all cleared in the same clearing house.
In addition to contracts available through ICE, ICE NGX offers Ancillary Services electricity contracts through WattEx. These contracts transact on the WattEx trading system.
Effective March 11, 2024 ICE NGX’s environmental products, including for Alberta Emissions Offsets and Emission Performance Credits, are available for onscreen trading through ICE’s WebICE platform and clearing alongside our existing products, providing netting benefits to margin and settlements by having gas, power, and environmental commodities markets all cleared in the same clearing house.
Live ICE NGX Markets can be viewed via WebICE subscription set up through the ICE website. The live viewing subscription is set up and maintained by ICE and is operated independently of ICE NGX. Please contact the ICE data team to enquire about accessing ICE NGX Markets via the WebICE platform. More information can be found via the ICE website at WebICE View Only subscription.
ICE NGX Data Customer services will include the following services listed below (collectively referred to as “ICE NGX Data Access”):
ICE NGX provides a subscription-based service that will allow customers real-time access to proprietary ICE NGX post trade clearing data, including natural gas and power indices and daily NGX price settlements for all markets. Customers are able to gain access to the ICE NGX data as part of the WebICE View Only subscription.
ICE NGX data is also available through ICE Connect.
ICE NGX has been hosting auctions for standard and non-standard electricity contracts on a regular basis since February 2006. In that time, ICE NGX has conducted over 400 auctions of varying methodologies. Proceeds from these auctions have been bilateral or cleared through ICE NGX’s Clearing House. Clearing the proceeds of auctions, depending on availability, may give the auction host a much greater participation rate as any ICE NGX contract holder could potentially participate in the auction process. To date, ICE NGX has hosted and provided auction and market expertise to the Ontario Power Authority, Ontario Power Generation, Bruce Power, ENMAX, EPCOR, as well as ICE NGX’s own cleared Ontario power auctions.
Beginning in June 2015, ICE NGX implemented a new auction platform that provides hosts and participants alike with meaningful reporting, powerful order entry and modification tools, and easy system access. ICE NGX Tradepath has been designed to be easily and quickly configured to host auctions of various commodities.
For more information on ICE NGX Power Auctions, please contact Shane Casey at (403) 974-1710, or the ICE NGX Help Desk at (403) 974-4357.
WattEx is an online trading system for electricity Ancillary Services in Alberta. WattEx commenced operations in 2001 and was wholly acquired by NGX in November 2006.
In addition to facilitating the electronic contract transaction, WattEx also performs clearing functions for Ancillary Services.
Clearing assures all parties perform according to the contracts. This includes monitoring financial positions of participants and tracking physical electricity and ancillary service trade fulfillment.
Ancillary Services are used by the AESO to maintain the stability and integrity of the Alberta Interconnected Electricity System. Both Active and Standby Services are traded for Regulating, Spinning, and Supplemental reserves.
WattEx also offers a unique set of indices and clearing prices based off of the Ancillary Services contracts traded in the Auction.
WattEx products are listed on the ICE NGX TradePath system. This system was developed in 2014 and WattEx is the first auction style market to use ICE NGX Tradepath.
The Ancillary Active Trade Indices, Ancillary Active Clearing Prices, Ancillary Active Clearing Indices and Ancillary Standby Pricing reports are available through the ICE NGX TradePath System and the ICE NGX Reports. The WattEx Index Methodology guide is available in the Downloads & Documentation section.
WattEx Position Monitor, Restatements, Restatement Summary, Order Summary, and Trade Report are available through ICE NGX TradePath. WattEx FVEA (Financial Value of Exchange Activity) report, and WattEx invoices will be available through the ICE NGX Reports.
ICE NGX offers trading and clearing of environmental commodities futures contracts. Clients will be able to see netting benefits to margin and settlements by having gas, power, and environmental commodities markets all cleared in the same clearing house. The buying and selling of environmental credits can be used for large emitters to meet their greenhouse gas emissions target.
Effective March 11, 2024, ICE NGX will offer trading and clearing in physically settled futures for Alberta EPCs and Offsets. EPCs and Offsets are compliance credits generated under the Alberta Technology Innovation and Emissions Reduction (“TIER”) Regulation. EPCs and Offsets can be retired for compliance purposes as an alternative to large emitters making payment into Alberta’s Technology Innovation and Emissions Reduction Fund in respect of their CO2e emissions. The Fund’s contribution price was set at $50/tonne in 2022, increasing $15/year until reaching $170/tonne in 2030.
ICE NGX is offering futures products for Alberta EPCs Offsets, with monthly contract expiries for physical delivery in the subsequent calendar month.
Trading products will be available for all current vintages with usable life and some forward vintages. All protocols, excluding the Protocol for Conservation Cropping, as defined in the exchange rules, will be acceptable for delivery under Offset Products.
Customers that have signed up with ICE NGX have access to detailed reporting of their trades, certificate history of credits, detailed invoicing providing notional value of credits delivered that month as well as transaction fees for trading in environmental products in previous months, and environmental indices.
ICE NGX will be publishing vintage-specific indices for each of Alberta EPCs and Offsets Futures, including a Monthly Spot Index and Annual Vintage Index.
The Monthly Spot Index will be a volume weighted average comprised of all on-screen transactions in the relevant product and vintage, completed on ICE NGX’s platform for the spot month.
The Annual Vintage Index will be a volume weighted average comprised of all on-screen transactions in the relevant product and vintage, completed on ICE NGX’s platform from June 1st of a given year to May 31st of the following year.
New Customer Sign-Up
In order to trade and clear ICE NGX’s environmental products, market participants are required to sign up as a Contracting Party of ICE NGX. Participants will also require access to WebICE and ICE NGX Reports, and have active accounts at the relevant Alberta Carbon Registry for EPCs or Offsets.
Thank you for your interest in clearing with ICE NGX. Below you will find a summary of requirements and action items to provide which will allow you to transact with ICE NGX. Should you have any questions throughout the sign up process, please contact your ICE NGX Marketing or Clearing Representative.
In order to become a Contracting Party with ICE NGX, please read and follow instructions in the ICE NGX Sign-up Process Steps and FAQ.