- Trading Screen Product Name
- Firm-LD Off-Peak
- Trading Screen Hub Name
- ERCOT North 345kV Hub HE 0100-0600, 2300, 2400, 7x
- Commodity Code
XPB
- Contract Size
50 MW per hour
- Currency
US $ and cents per MWH
- Minimum Price Fluctuation
$0.01 per MWh
- Listing Cycle
Up to 72 consecutive monthly 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 seven
days in the central ("CPT") prevailing time zone.
- 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 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