ICE NGX ERCOT North 345kV Financial Real-Time Peak HE 0700-2200 Daily Fixed Price83048725
ICE NGX
ICE NGX ERCOT North 345kV Financial Real-Time Peak HE 0700-2200 Daily Fixed Price
Description
A Daily 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
- E5X
- 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
- 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
- Settlement Method
- Cash Settlement
- MIC Code
- NGXC
- Clearing Venues
- NGXC
Related Products
Codes
- Clearing Admin Name
- ERCOT Fin Spot
- Physical
- E5X
- Logical
- E5X
- GMI (FC)
- ION A.C.N.
- Symbol Code
- E5X