- Trading Screen Product Name
- Non-Spinning Reserve Futures
- Trading Screen Hub Name
- ERCOT
- Contract Symbol
ENS
- Settlement Method
Cash settlement
- Contract Size
1 MW
- Currency
USD
- Minimum Price Fluctuation
The price quotation convention shall be one cent ($0.01) per MWh;
minimum price fluctuation may vary by trade type. Please see Table
in Resolution 1 to this Chapter 18.
- Listing Cycle
Up to 48 consecutive monthly Contract Periods
- Last Trading Day
The last Business Day of the Contract Period
- Final Settlement
Average of Reference Price A prices
- REFERENCE PRICE A
ELECTRICITY-ERCOT-NON-SPINNING RESERVE SERVICE-DAY AHEAD
- a) Ref Price A - Description
"ELECTRICITY-ERCOT- NON-SPINNING RESERVE SERVICE-DAY AHEAD" means
that the price for a Pricing Date will be that day's Specified
Price per MWh of capacity for delivery on the Delivery Date, stated
in U.S. Dollars, published by the ERCOT at
http://www.ercot.com/mktinfo/prices/, under the heading "Market
Information: Market Prices" that reports prices effective on that
Pricing Date.
- b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
For each calendar day, Monday-Sunday, the average of prices for all
hours, 0100-2400EPT.
- d) Ref Price A - Pricing calendar
ERCOT
- e) Ref Price A - Delivery Date
Contract Period
- Final Payment Date
The sixth Clearing Organization business day following the Last
Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU