Firm Energy with Liquidated Damages. Fixed-price Physical ERCOT
Daily Power delivered at a specified ERCOT location
Trading Screen Product Name
Trading Screen Hub Name
ERCOT Houston 345kV Hub HE 1200-2200
50 MW per hour
US $ and cents per MWH
Minimum Price Fluctuation
$0.01 per MWh
Up to 60 consecutive daily contract periods
All peak hours for the applicable strip length referenced by the
market for hours ending 1200-2200 in the central ("CPT") prevailing
time zone, for Monday thru Friday weekdays that are non-NERC
Last Trading Day
The last business day prior to the delivery period.
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 will be determined by the actual fixed price
entered into at the time of the transaction.
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.