ERCOT North 345kV Physical HR HE 1200-220027998707

Description

Firm Energy with Liquidated Damages.  Physical ERCOT Monthly Heat Rate Power delivered at a specified ERCOT location

Market Specifications

Trading Screen Product Name
Firm-LD Peak, LD1 for Phys
Trading Screen Hub Name
ERCOT North 345kV Hub HR HE 1200-2200
Commodity Code
XPV
Contract Size
50 MW per hour
Currency
US $ and cents per MWH
Minimum Price Fluctuation
0.001 per MMBTU/MWh
Listing Cycle
Up to 60 consecutive monthly Contract Periods
Schedule
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 week days 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