ERCOT North 345KV Real-Time Peak Fixed Price Future6590337
ICE Futures U.S.
ERCOT North 345KV Real-Time Peak Fixed Price Future
Description
A monthly cash settled Exchange Futures Contract based upon the mathematical average of daily prices calculated by averaging the peak hourly electricity prices published by ERCOT for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- Peak Futures (1 MW)
- Trading Screen Hub Name
- ERCOT North 345KV Hub RT
- Contract Symbol
- ERN
- 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 50 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-NORTH 345KV HUB-REAL TIME
- a) Ref Price A - Description
- "ELECTRICITY-ERCOT-NORTH 345KV HUB-REAL TIME" means that the price for a Pricing Date will be that day's Specified Price per MWh of electricity for delivery on the Delivery Date, stated in U.S. Dollars, published by the ERCOT at http://www.ercot.com/content/cdr/html/real_time_spp
- b) Ref Price A - Pricing Date
- Each Monday through Friday, excluding NERC holidays, that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
- Average of SPPs for all hours ending 0700-2200 CPT
- 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
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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 Pk Mini
- Physical
- ERN
- Logical
- ERN
- GMI (FC)
- PU
- ION A.C.N.
- NO15
- Symbol Code
- ERN