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 South 345kV Hub HE 0100-0600, 2300, 2400, 7x
Contract Symbol
XOK
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.