ERCOT North 345KV Hub Real-Time Peak 2x16 Fixed Price Future71085647
ICE Futures U.S.

ERCOT North 345KV Hub Real-Time Peak 2x16 Fixed Price Future

Description

A monthly cash settled Exchange Futures Contract based upon the mathematical average of daily electricity prices calculated by averaging the peak hourly 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 2 X 16
Contract Symbol
ER2
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, or as otherwise determined by the Exchange
Last Trading Day
The last Business Day of the Contract Period
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 Saturday, Sunday, and all 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

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore7:50 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 Pk Mini
Physical
ER2
Logical
ER2
GMI (FC)
M*
Symbol Code
ER2