ICE Futures U.S.

MISO Texas Hub Day-Ahead Off-Peak Daily Fixed Price Future

MISO Texas Hub Day-Ahead Off-Peak Daily Fixed Price Future32749952

Description

A daily cash settled Exchange Futures Contract based upon the mathematical average of off-peak hourly electricity prices published by MISO for the location specified in Reference Price A.

Market Specifications

Trading Screen Product Name
Off-Peak Futures
Trading Screen Hub Name
Texas Hub DA Off-Peak
Commodity Code
MDS
Settlement Method
Cash settlement
Contract Size
50 MWh
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
38 consecutive daily contract periods
Last Trading Day
The last Business Day of the Contract Period
Final Settlement
Reference Price A
REFERENCE PRICE A
ELECTRICITY-MISO-TEXAS HUB-DAY AHEAD
a) Ref Price A - Description
" ELECTRICITY-MISO-TEXAS 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 MISO at https://www.midwestiso.org/Library/MarketReports/Pages/MarketReports.aspx, under the headings "Library: Market Reports" or any successor headings, that reports prices effective on that Pricing Date.
b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
Average of LMPs for all hours, EST, that are not ending 0800-2300 EPT
d) Ref Price A - Pricing calendar
MISO
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
The Third Clearing Organization business day following the Last Trading Day
MIC Code
IFED
Clearing Venues
ICEU

Trading Hours

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

*Next Day

Codes

Clearing Admin Name
Pwr EastOPDaily
Physical
MDS
Logical
MDS
GMI(FC)
R&N A.C.N.