ICE NGX IESO Financial Flat Fixed Price83048382
ICE NGX
ICE NGX IESO Financial Flat Fixed Price
Description
A daily cash settled Exchange Futures Contract based upon the mathematical average of daily prices calculated by averaging the flat hourly electricity prices published by IESO specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- NGX Fin Flat Futures
- Trading Screen Hub Name
- Ontario - OZP RT
- Contract Symbol
- OZ3
- Settlement Method
- Cash settlement with monthly true up
- Contract Size
- 1 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
- IESO-Ontario Zonal Price-Real Time
- a) Ref Price A - Description
- "Real Time Ontario Zonal 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 IESO at http://reports.ieso.ca/public/PriceHOEPPredispOR/
- b) Ref Price A - Pricing Date
- Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
- in the case of a Sunday on and from which time is to be one hour in advance of eastern standard time (second Sunday in March), the twenty-three (23) hour period starting at 0000 EPT and ending at 2400 EPT (HE0100 to HE2300 inclusive); ii. in the case of a Sunday on and from which time is no longer to be one hour in advance of eastern standard time (first Sunday in November), the twenty-five (25) hour period starting at 0000 EPT and ending at 2400 EPT (HE0100 to HE2500 inclusive); and iii. for all other calendar days, the twenty-four (24) hour period starting at 0000 EPT and ending at 2400 EPT (HE0100 to HE2400 inclusive);
- d) Ref Price A - Pricing calendar
- IESO
- 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
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 8:30 AM - 5:00 PM 08:30 - 17:00 | |
| LONDON | 1:30 PM - 10:00 PM 13:30 - 22:00 | |
| SINGAPORE | 9:30 PM - 6:00 AM* 21:30 - 06:00 |
Calgary Hours = 6:30 AM - 3:00 PM
Codes
- Clearing Admin Name
- NGX OF PWR Swap
- Physical
- OZ3
- Logical
- OZ3
- GMI (FC)
- ION A.C.N.
- Symbol Code
- OZ3