ERCOT - South 345KV Hub Day-Ahead Peak28687645

Description

A monthly cash settled swap based upon the mathematical average of daily prices calculated by averaging the peak hourly electricity prices published by ERCOT for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
Fin Swap-Peak
Trading Screen Hub Name
ERCOT South 345KV Hub DA
Rule Number
1336
Settlement Method
Cash settlement
Contract Size
800 MWh
Currency
USD
Trading Price Quotation
0.05
Listing Cycle
Up to 110 consecutive monthly Contract Periods, or as otherwise determined by the SEF
Last Trading Day
Two Business Days prior to the Contract Period
Final Settlement
Average of Reference Price A Prices
REFERENCE PRICE A
ELECTRICITY-ERCOT-SOUTH 345KV HUB-DAY AHEAD
a) Ref Price A - Description
"ELECTRICITY-ERCOT-SOUTH 345KV HUB-DAY AHEAD" means that the price for a Pricing Date will be that day's Specified Price per MWh of electricity for delivery on the Delivery Date, stated in U.S. Dollars, published by the ERCOT at http://www.ercot.com/mktinfo/prices/, under the heading "Market Information: Market Prices" that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date
Each Monday through Friday, excluding NERC holidays, that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Average of LMPs for all hours ending 0700-2200 CPT
d) Ref Price A - Pricing calendar
ERCOT
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
Ten (10) New York Business Days of the month following the Contract Period via wire transfer of Federal Funds.
Other Terms
To be confirmed directly between the parties in their full form of contract. The terms reflected in such contracts shall be controlling.
MIC Code
ICES
Clearing Venues
IEPA
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Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:05 PM*
19:50 - 18:05
7:40 PM
19:40
London12:50 AM - 11:05 PM*
00:50 - 23:05
12:40 AM
00:40
Singapore8:50 AM - 7:05 AM*
08:50 - 07:05
8:40 AM
08:40

*Next Day

Codes

Clearing Admin Name
ERCOT S 345 DA
Physical
Logical
GMI(FC)
R&N A.C.N.