ERCOT North 345KV Real-Time Peak Daily Fixed Price Future6590453
ICE Futures U.S.
ERCOT North 345KV Real-Time Peak Daily Fixed Price Future
Description
A daily cash settled Exchange Futures Contract based upon the mathematical average of peak hourly electricity prices published by ERCOT for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- Peak Futures
- Trading Screen Hub Name
- ERCOT North 345KV Hub RT
- Contract Symbol
- END
- Settlement Method
- Cash settlement
- Contract Size
- 800 MWh
- 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 365 consecutive Daily Contract Periods
- Last Trading Day
- For Monday through Friday Contract Periods, excluding NERC holidays, if the following calendar day is a Business Day, the Business Day following the Contract Period with a closing time of 11:00pm EPT the night before; If the following calendar day is not a Business Day, the Business Day equal to the Contract Period with a closing time equal to the end of the Trading Session For each Saturday, Sunday, and NERC holiday Contract Period, the last Business Day prior to the Contract Period with a closing time equal to the end of the Trading Session.
- Final Settlement
- Reference Price A
- 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 day 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
Related Products
- ERCOT North 345KV Real-Time Peak Fixed Price Future
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- ERCOT North 345KV Real-Time Off-Peak Fixed Price Future
- ERCOT North 345KV Hub Real-Time Peak Daily Mini Fixed Price Future
- ERCOT North 345KV Hub Real-Time Peak Daily Look Back 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 | 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 Daily
- Physical
- END
- Logical
- END
- GMI (FC)
- YK
- ION A.C.N.
- QM68
- Symbol Code
- END