ERCOT Houston 345kV Physical HE 1-6, 23, 24, 7x Daily Fixed Price27978253

Description

Firm Energy with Liquidated Damages. Fixed-price Physical ERCOT Daily Power delivered at a specified ERCOT location

Market Specifications

Trading Screen Product Name
Firm-LD Off-Peak
Trading Screen Hub Name
ERCOT Houston 345kV Hub HE 0100-0600, 2300, 2400, 7x
Commodity Code
XOG
Contract Size
50 MW per hour
Currency
US $ and cents per MWH
Minimum Price Fluctuation
$0.01 per MWh
Listing Cycle
Up to 60 consecutive daily contract periods
Schedule
All off-peak hours for the applicable strip length referenced by the market for hours ending 0100-0600, 2300 and 2400 on all days in the central ("CPT") prevailing time zone.
Last Trading Day
The last business day prior to the delivery period.
Daily Settlement
Daily settlement will be determined by NGX using price data from a number of sources including, spot, forward and derivative markets for both physical and financial products
Final Settlement
Final settlement will be determined by the actual fixed price entered into at the time of the transaction.
Payment Dates
Payment due on the 20th of the month following the Delivery Period by wire transfer of Federal Funds, unless otherwise stated by a master agreement between the Buyer and Seller.
MIC Code
IEPA
Clearing Venues
NGX