ERCOT South 345kV Physical Off-Peak Daily Fixed Price60934519
ICE OTC
ERCOT South 345kV Physical Off-Peak 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 Off-Peak
- Trading Screen Hub Name
- ERCOT South 345kV Hub Off-Peak
- Contract Symbol
- XOD
- 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 off-peak hours for the applicable strip length referenced by the market for hours ending 0100-0600, 2300 and 2400 on business days and for hours ending 0100-2400 on weekends and NERC holidays in the central ("CPT") prevailing time zone.
- 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
- XOD
- Logical
- XOD
- GMI (FC)
- ION A.C.N.
- Symbol Code
- XOD