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ICE NGX

ICE NGX ERCOT North 345kV Financial Real-Time HE 1-6, 23, 24, 7x Fixed Price

Description

A monthly cash settled Exchange Futures Contract based upon the mathematical average of daily prices calculated by averaging the off-peak hourly electricity prices published by ERCOT for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
NGX Fin Off-Peak Futures
Trading Screen Hub Name
ERCOT North 345KV Hub RT 7x8
Contract Symbol
EX6
Contract Size
50 MW per hour
Currency
USD
Minimum Price Fluctuation
$0.01 per MWh
Listing Cycle
Up to 72 consecutive monthly Contract Periods
Settlement Method
Cash Settlement
Last Trading Day
The last Business Day of the month prior to the contracting period
Final Settlement
Final settlement will be determined by the actual fixed price entered into at the time of the transaction.
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 0100-0600, 2300-2400 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
MIC Code
NGXC
Clearing Venues
NGXC