Firm Energy with Liquidated Damages. Physical ERCOT Monthly
Heat Rate Power delivered at a specified ERCOT location
Market Specifications
Trading Screen Product Name
Firm-LD ATC, LD1 for Phys
Trading Screen Hub Name
ERCOT North 345kV Hub HR
Contract Symbol
XRW
Contract Size
50 MW per hour
Currency
US $ and cents per MWH
Minimum Price Fluctuation
0.001 per MMBTU/MWh
Listing Cycle
Up to 72 consecutive monthly Contract Periods
Schedule
All hours for the applicable strip length referenced by the market
for hours ending 0100-2400 in the central ("CPT") prevailing time
zone, for everyday in the period.
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 multiplying the actual heat
rate entered into at the time of the transaction by the NYMEX Last
Day Settlement Price for the relevant delivery month.
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.