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ICE NGX

ICE NGX ERCOT North 345KV Financial Real-Time ATC Daily Fixed Price

Description

A Daily 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
EAX
Contract Size
50 MW per hour
Currency
USD
Minimum Price Fluctuation
$0.01 per MWh
Listing Cycle
Up to 365 consecutive Daily Contract Periods
Last Trading Day
For Monday through Friday Contract Periods, excluding NERC holidays, if the following calendar day is a Business Day, the Business Day following the Contract Period with a closing time of 11:00pm EPT the night before; If the following calendar day is not a Business Day, the Business Day equal to the Contract Period with a closing time equal to the end of the Trading Session For each Saturday, Sunday, and NERC holiday Contract Period, the last Business Day prior to the Contract Period with a closing time equal to the end of the Trading Session.
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
MIC Code
NGXC
Clearing Venues
NGXC