A monthly cash settled Exchange Futures Contract based upon the
mathematical average of daily prices calculated by averaging the
ATC hourly electricity prices published by ERCOT for the location
specified in Reference Price A.
Market Specifications
Trading Screen Product Name
NGX Fin ATC Futures
Trading Screen Hub Name
ERCOT North 345KV Hub RT
Contract Symbol
EXA
Contract Size
50 MW per hour
Currency
USD
Settlement Method
Cash Settlement
Minimum Price Fluctuation
$0.01 per MWh
Listing Cycle
Up to 72 consecutive monthly Contract Periods
Last Trading Day
The last business day of the month prior to the contracting period
Final Settlement
Average of Reference Price A prices
REFERENCE PRICE A
ELECTRICITY-ERCOT-NORTH 345KV HUB-REAL TIME
a) Ref Price A - Description
"ELECTRICITY-ERCOT-NORTH 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 at
http://www.ercot.com/content/cdr/html/real_time_spp
b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Average of SPPs for all hours ending 0100-2400 CPT
d) Ref Price A - Pricing calendar
ERCOT
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
The sixth Clearing Organization business day following the last day
of the delivery month