ERCOT North Hub Real-Time Off-Peak Physical Electricity Index30151169

Description

Physical Eletricity delivered firm at specified location for a pre-determined PREMIUM/DISCOUNT applied to the specified Index Price Reference A published by ICE for the location specified in Reference price A

Market Specifications

Trading Screen Product Name
Firm-LD ID Off-Peak
Trading Screen Hub Name
ERCOT North 345kV Hub HE 0100-0600, 2300, 2400, 7x
Commodity Code
XSJ
Settlement Method
Cash settlement
Contract Size
1 MWh
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh
Listing Cycle
Up to 36 consecutive monthly Contract Periods
Last Trading Day
The second to last Business Day of the Contract Period
Final Settlement
Average of Reference Price A Prices which are considered final at Noon CPT on the fifith business day of the month following delivery.
REFERENCE PRICE A
ELECTRICITY- ERCOT NORTH HUB REAL-TIME Off-PEAK PHYSICAL INDEX

a)Ref Price A - Description ELECTRICITY- ERCOT NORTH HUB REAL-TIME Off-PEAK PHYSICAL INDEX means the arithmetic average of the 15-minute Real-Time Settlement Point Price (SPP) for the Ercot North Hub as Published by ERCOT for specfic Hours and operating days

b) Ref Price A - Pricing Date Each Saturday through Sunday, including NERC holidays and Monday through Friday that prices are reported for the Delivery Date

c) Ref Price A Specified Price - Average of the Saturady-Sunday Hours Ending (HE) 0100-2400 and Monday -Friday 1-6, 23-24,

d) Ref Price A - Delivery Date Contract Period
Final Payment Date
Payment due on the 20th of the month following the delivery period
MIC Code
IEPA
Clearing Venues
NGX