Firm Energy with Liquidated Damages. Fixed-price Physical ERCOT
Monthly Power delivered at a specified ERCOT location
Trading Screen Product Name
Trading Screen Hub Name
ERCOT Houston 345kV Hub Off-Peak
50 MW per hour
US $ and cents per MWH
Minimum Price Fluctuation
$0.01 per MWh
Up to 72 consecutive monthly Contract Periods
All off-peak hours for the applicable strip length referenced by
the market for hours ending 0100-0600, 2300 and 2400 on business
days and for hours ending 0100-2400 on weekends and NERC holidays
in the central ("CPT") prevailing time zone.
Last Trading Day
The second to last business day of the month prior to the delivery
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.