ERCOT Houston 345kV Physical Off-Peak Weekend HE 0700-2200 Fixed Price27978265
ICE OTC
ERCOT Houston 345kV Physical Off-Peak Weekend HE 0700-2200 Fixed Price
Description
Firm Energy with Liquidated Damages. Fixed-price Physical ERCOT Monthly Power delivered at a specified ERCOT location
Market Specifications
- Trading Screen Product Name
- Firm-LD Off-Peak
- Trading Screen Hub Name
- ERCOT Houston 345kV Hub Off-Peak Wknd
- Contract Symbol
- XPL
- Contract Size
- 50 MW per hour
- Currency
- US $ and cents per MWH
- Minimum Price Fluctuation
- $0.01 per MWh
- Listing Cycle
- Up to 72 consecutive monthly Contract Periods
- Schedule
- All off-peak hours for the applicable strip length referenced by the market for hours ending 0700-2200 in the central ("CPT") prevailing time zone, for Saturday, Sunday and NERC holidays.
- Last Trading Day
- The second to last business day of the month prior to the delivery month.
- Daily Settlement
- Daily settlement will be determined by NGX using price data from a number of sources including, spot, forward and derivative markets for both physical and financial products
- Final Settlement
- Final settlement will be determined by the actual fixed price entered into at the time of the transaction.
- Payment Dates
- Payment due on the 20th of the month following the Delivery Period by wire transfer of Federal Funds, unless otherwise stated by a master agreement between the Buyer and Seller.
- MIC Code
- IEPA
- Clearing Venues
- NGXC
Related Products
Codes
- Clearing Admin Name
- ERCOT Monthly
- Physical
- XPL
- Logical
- XPL
- GMI (FC)
- ION A.C.N.
- Symbol Code
- XPL