ERCOT Ancillary Services Regulation Up ATC Daily Fixed Price34361110
ICE OTC
ERCOT Ancillary Services Regulation Up ATC Daily Fixed Price
Description
Firm Energy with Liquidated Damages. Fixed-price Physical ERCOT Daily Power delivered at a specified ERCOT location
Market Specifications
- Trading Screen Product Name
- Firm-LD Reg-Up
- Trading Screen Hub Name
- ERCOT Reg-Up
- Contract Symbol
- XT2
- Contract Size
- 50 MW per hour
- Currency
- US $ and cents per MWH
- Minimum Price Fluctuation
- $0.01 per MWh
- Listing Cycle
- Up to 60 consecutive daily contract periods
- Schedule
- All hours for the applicable strip referenced by the market for hours ending 0100-2400 in the central ("CPT") prevailing time zone in the period
- Last Trading Day
- The last business day prior to the delivery period.
- 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 Spot
- Physical
- XT2
- Logical
- XT2
- GMI (FC)
- ION A.C.N.
- Symbol Code
- XT2