ICE NGX ERCOT North 345KV Financial Real-Time HE 0700-2200 Fixed Price83048718
ICE NGX
ICE NGX ERCOT North 345KV Financial Real-Time HE 0700-2200 Fixed Price
Description
A monthly cash settled Exchange Futures Contract based upon the mathematical average of daily prices calculated by averaging the peak hourly electricity prices published by ERCOT for the location specified in Reference Price A.
Market Specifications
- Trading Screen Product Name
- NGX Fin Peak Futures
- Trading Screen Hub Name
- ERCOT North 345KV Hub RT Peak
- Contract Symbol
- EX5
- Contract Size
- 50 MW per hour
- Settlement Method
- Cash Settlement
- Currency
- USD
- 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 Monday through Friday, excluding NERC holidays, that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
- Average of SPPs for all hours ending 0700-2200 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
Related Products
Codes
- Clearing Admin Name
- ERCOT Fin Month
- Physical
- EX5
- Logical
- EX5
- GMI (FC)
- ION A.C.N.
- Symbol Code
- EX5