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Description

A daily cash settled Exchange Futures Contract based upon the mathematical average of daily prices calculated by averaging the extended off peak hourly electricity prices published by AESO specified in Reference Price A.

Market Specifications

Trading Screen Product Name

NGX Fin FUT FF, FP for AESO Ext Off Peak

Trading Screen Hub Name

Alberta

Contract Symbol

XDP

Settlement Method

Cash settlement with monthly true up

Contract Size

5 MW per hour

Currency

CAD

Minimum Price Fluctuation

0.01

Listing Cycle

Up to 60 consecutive daily contract periods

Last Trading Day

The last business day of the contract 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

Reference Price A

REFERENCE PRICE A

Alberta Electricity Floating Price

a) Ref Price A - Description

"Alberta Electricity Floating Price" 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 CAD Dollars, published by the AESO at http://ets.aeso.ca/

b) Ref Price A - Pricing Date

Each day that prices are reported for the Delivery Date

c) Ref Price A - Specified Price

The seven (7) hour period for each day starting at 0000 MPT and ending at 0700 MPT (HE 0000 to HE 0700 inclusive), and the one (1) hour period starting at 2300 MPT and ending at 2400 MPT (HE2400)

d) Ref Price A - Pricing calendar

AESO

e) Ref Price A - Delivery Date

Contract Period

Final Payment Date

6th Business day following the last day of the Contract Expiry Month

MIC Code

NGXC

Clearing Venues

NGXC

Related Products

• ICE NGX AESO Financial Ext Off-Peak Fixed Price
• ICE NGX AESO Financial Ext Peak Fixed Price
• ICE NGX AESO Financial Ext Peak Fixed Price
• ICE NGX AESO Financial Flat Fixed Price
• ICE NGX AESO Financial Flat Fixed Price

Trading Hours

Codes