ERCOT Daily Load Future28674433
ICE Futures U.S.
ERCOT Daily Load Future
Description
A daily cash settled Exchange Futures Contract based upon the ERCOT Daily Actual Load by ERCOT for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- Daily Load Futures
- Trading Screen Hub Name
- ERCOT ISO DL
- Contract Symbol
- EDF
- Settlement Method
- Cash settlement
- Contract Size
- 1 USD
- Currency
- USD
- Minimum Price Fluctuation
- The price quotation convention shall be 1 MW per 1 USD; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
- Listing Cycle
- Up to 365 consecutive daily Contract Periods, or as otherwise determined by the Exchange.
- Last Trading Day
- For Contract Periods that fall on a Business Day where the following calendar day is also a Business Day, one Business Day following the Contract Period with a closing time of 11pm EPT the night before; For Contract Periods that fall on a Business Day where the following calendar day is not a Business day, the Business Day equal to the Contract Period with a closing time equal to the end of the Trading Session; For Contract Periods that do not fall on a Business Day, one Business Day prior to the Contract Period with a closing time equal to the end of the Trading Session.
- Final Settlement
- Final Reference Price A Price
- REFERENCE PRICE A
- The maximum hourly load in the entire ERCOT system during the specified Contract Period.
- a) Ref Price A - Description
- Hourly Load is calculated as the sum of the regional load values reported by ERCOT. “Hourly Load” means; Integrated Hourly Loads which are calculated for each ERCOT Region. This system-wide load is reported on the ERCOT website at http://www.ercot.com/content/cdr/html/actual_loads_of_weather_zones .
- b) Ref Price A - Pricing Date
- Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
- The maximum Hourly Load, rounded to the nearest whole MW in the entire ERCOT system for the specified operating day that is the contract day.
- d) Ref Price A - Pricing calendar
- ERCOT
- e) Ref Price A - Delivery Date
- Contract Period
- Final Payment Date
- For Contract Periods that fall on a Business Day where the following calendar day is also a Business Day, four Business Days following the Last Trade Date; for all other Contract Periods, five Business Days following the Last Trade Date.
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- ERCOT DailyLoad
- Physical
- EDF
- Logical
- EDF
- GMI (FC)
- TF
- ION A.C.N.
- Symbol Code
- EDF