ICE Futures U.S.

SPP South Hub Real-Time Off-Peak Daily Fixed Price Future

SPP South Hub Real-Time Off-Peak Daily Fixed Price Future32749956

Description

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

Market Specifications

Trading Screen Product Name
Off-Peak Futures
Trading Screen Hub Name
SPP South RT Off-Peak
Commodity Code
SSO
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-SPP-SOUTH HUB-REAL TIME
a) Ref Price A - Description
" ELECTRICITY-SPP-SOUTH HUB-REAL TIME " 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 SPP at https://marketplace.spp.org/web/guest/lmp-by-location under the headings "Marketplace Portal " 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, CPT, that are not ending 0700-2200 CPT
d) Ref Price A - Pricing calendar
SPP
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
The fifth 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
SSO
Logical
SSO
GMI(FC)
R&N A.C.N.