ERCOT North 345kV Physical HR HE 1-6, 23, 24, 7x

ICE OTC

Firm Energy with Liquidated Damages. Physical ERCOT Monthly Heat Rate Power delivered at a specified ERCOT location

Trading Screen Product Name: Firm-LD Off-Peak, LD1 for Phys
Trading Screen Hub Name: ERCOT North 345kV Hub HR HE 0100-0600, 2300, 2400, 7x
Contract Symbol: XPS
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 off-peak hours for the applicable strip length referenced by the market for hours ending 0100-0600, 2300 and 2400 on all days in the central ("CPT") prevailing time zone in the relevant 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.
MIC Code: IEPA
Clearing Venues: NGXC

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