ERCOT North 345kV Physical HR Off-Peak27998708

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 Off-Peak, LD1 for Phys
Trading Screen Hub Name
ERCOT North 345kV Hub HR Off-Peak
Commodity Code
XPU
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 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 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