ERCOT Houston Load Zone Day-Ahead Off-Peak Fixed Price Future6590396
ICE Futures U.S.
ERCOT Houston Load Zone Day-Ahead Off-Peak Fixed Price Future
Description
A monthly cash settled Exchange Futures Contract based upon the mathematical average of daily prices calculated by averaging the off-peak hourly electricity prices published by ERCOT for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- Off-Peak Futures (1 MW)
- Trading Screen Hub Name
- ERCOT Houston LZ DA Off-Peak
- Contract Symbol
- HZD
- 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 45 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-HOUSTON LOAD ZONE-DAY AHEAD
- a) Ref Price A - Description
- "ELECTRICITY-ERCOT-HOUSTON LOAD ZONE-DAY AHEAD" 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/dam_spp
- b) Ref Price A - Pricing Date
- Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
- For each Monday through Friday, excluding NERC holidays, the average of SPP's for all hours ending 0100-0600, 2300-2400 CPT; for each Saturday, Sunday, and NERC holiday, the average of SPPs for all hours ending 0100-2400 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
Related Products
- ERCOT Houston Load Zone Day-Ahead Off-Peak Daily Fixed Price Future
- ERCOT Houston Load Zone Day-Ahead Peak Daily Fixed Price Future
- ERCOT Houston 345KV Real-Time Peak Fixed Price Future
- ERCOT Houston 345KV Real-Time Off-Peak Fixed Price Future
- ERCOT Houston 345KV Real-Time 7x8 Fixed Price Future Show More
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 | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
*Next Day
Sunday Pre-Open 5:10 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- ERCOT OP Mini
- Physical
- HZD
- Logical
- HZD
- GMI (FC)
- M9
- ION A.C.N.
- Symbol Code
- HZD