- Trading Screen Product Name
- Firm-LD Peak, LD1 for Phys
- Trading Screen Hub Name
- ERCOT Houston 345kV Hub HR HE 0700-2200
- Commodity Code
XQC
- Contract Size
50 MW per hour
- Currency
US $ and cents per MWH
- Minimum Price Fluctuation
0.001 per MMBTU/MWh
- Listing Cycle
Up to 72 consecutive monthly Contract Periods
- Schedule
All peak hours for the applicable strip length referenced by the
market for hours ending 0700-2200 in the central ("CPT") prevailing
time zone, for Monday thru Friday weekdays that are non-NERC
holidays.
- Last Trading Day
The second to last business day of the month prior to the delivery
month.
- 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 multiplying the actual heat
rate entered into at the time of the transaction by the NYMEX Last
Day Settlement Price for the relevant delivery month.
- 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