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Description

A daily cash settled Exchange Futures Contract based upon the mathematical average of 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

Trading Screen Hub Name

ERCOT Panhandle 345KV RT Off-Peak

Contract Symbol

ECO

Settlement Method

Cash settlement

Contract Size

50 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, or as otherwise determined by the Exchange

Last Trading Day

The Business Day prior to the Contract Period

Final Settlement

Reference Price A

REFERENCE PRICE A

ELECTRICITY-ERCOT-PANHANDLE 345KV HUB-REAL TIME

a) Description

"ELECTRICITY-ERCOT-PANHANDLE 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 here.

b) Pricing Date

Each day that prices are reported for the Delivery Date

c) Specified Price

Average of SPPs for all hours ending 0100-0600, 2300-2400 CPT

d) Pricing Calendar

ERCOT

e) 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

Codes