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ICE NGX

ICE NGX IESO Financial Extended Peak Fixed Price

Description

A monthly 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 Extended Peak Futures
Trading Screen Hub Name
Ontario - Niagara RT
Contract Symbol
O3F
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 96 consecutive monthly 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-East-Real Time
a) Ref Price A - Description
" Real Time East 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
The sixteen (16) hour periods for each day starting at 0700 MPT and ending at 2300 MPT (HE 0800 to HE 2300 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

Trading Hours

CityTradingPre-Open
New York8:30 AM - 5:00 PM
08:30 - 17:00

London1:30 PM - 10:00 PM
13:30 - 22:00

Singapore8:30 PM - 5:00 AM
20:30 - 05:00

Calgary Hours = 6:30 AM - 3:00 PM

Codes

Clearing Admin Name
NGX OE PWR Swap
Physical
OJF
Logical
OJF
GMI (FC)
ION A.C.N.
Symbol Code
OJF