ERCOT North Bal-Day Financial Peak (bilateral)1096
ICE OTC
ERCOT North Bal-Day Financial Peak (bilateral)
Description
Bilaterally traded Financial Peak Power
Market Specifications
- Trading Screen Product Name
- Fin Swap-Peak
- Trading Screen Hub Name
- ERCOT North 345KV Hub RT
- Trading Hours
- 24 x 7
- Schedule
- All peak hours for the applicable strip length referenced by the market for hours that are hours ending 0800-2300 in the eastern ("EPT") or central ("CPT") prevailing time zone., for Monday thru Friday week days that are non-NERC holidays.
- Unit of Trading
- Contract Size multiplied by the number of off peak hours of every day in the calendar month traded. This will be expressed as "lots" in PTMS.
- Currency
- US $ and cents per MWH
- Minimum Tick
- 0.05 per MWH
- Last Trading Day
- Two business days prior to the contract month.
- Settlement
- Cash Settled in USD.
- Settlement Date
- Each pricing day during a Determination Period.
- Payment Dates
- Ten (10) New York Business Days of the month following the Determination Period via wire transfer of Federal Funds.
- MIC Code
- IEPA
- Clearing Venues
Related Products
Codes
- Clearing Admin Name
- Physical
- END
- Logical
- END
- GMI (FC)
- ION A.C.N.
- Symbol Code
- END