ERCOT West 345kV Physical HR HE 1800-2200 7x

ICE OTC

Firm Energy with Liquidated Damages. Physical ERCOT Monthly Heat Rate Power delivered at a specified ERCOT location.

Trading Screen Product Name: Firm-LD Peak, LD1 for Phys
Trading Screen Hub Name: ERCOT West 345kV Hub HR HE 1800-2200 7x
Contract Symbol: X1W
Contract Size: 50 MW per hour
Currency: US $ and cents per MWH
Minimum Price Fluctuation: 0.001 per MMBTU/MWh
Listing Cycle: Up to 72 consecutive monthly Contract Periods
Schedule: All hours for the applicable strip length referenced by the market for hours ending 1800-2200 in the central ("CPT") prevailing time zone, for every day in the period.
Last Trading Day: The last business day prior to the delivery 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: Final settlement will be determined by multiplying the actual heat rate entered into at the time of the transaction by the NYMEX Last Day Settlement Price for the relevant delivery month
Payment Dates: Payment due on the 20th of the month following the Delivery Period by wire transfer of Federal Funds, unless otherwise stated by a master agreement between the Buyer and Seller.
MIC Code: IEPA
Clearing Venues: NGXC

Your browser is unsupported