ICE NGX ERCOT North 345kV Financial Real-Time HE 1-6, 23, 24, 7x Daily Fixed Price83048720
ICE NGX
ICE NGX ERCOT North 345kV Financial Real-Time HE 1-6, 23, 24, 7x Daily Fixed Price
Description
A Daily 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
- E6X
- 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 0100-0600, 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
- Settlement Method
- Cash Settlement
- MIC Code
- NGXC
- Clearing Venues
- NGXC
Related Products
Codes
- Clearing Admin Name
- ERCOT Fin Spot
- Physical
- E6X
- Logical
- E6X
- GMI (FC)
- ION A.C.N.
- Symbol Code
- E6X