- Trading Screen Product Name
- Peak Futures
- Trading Screen Hub Name
- ERCOT North 345KV Hub DA (80 MWh)
- Contract Symbol
NDB
- Settlement Method
Exercise into Underlying Futures Contract
- Contract Size
80 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
Up to 365 consecutive daily Contract Periods, or as otherwise
determined by the Exchange.
- Last Trading Day
At the end of the Trading Session on the last Business Day prior to
the Contract Period
- Option Style
European
- Exercise Procedure
Automatic Only
Manual exercise or abandon is not permitted
Options which are "in the money", with respect to the average of
the Reference Price A prices, exercise automatically into the
Underlying Futures Contract with a contract price equal to the
Strike Price. Options which are "out of the money" expire
automatically.
Exercise Day is the seventh Clearing Organization business day
following the Last Trading Day
- REFERENCE PRICE A
ELECTRICITY-ERCOT-NORTH 345KV HUB-DAY AHEAD
- a) Ref Price A - Description
"ELECTRICITY-ERCOT-NORTH 345KV 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/content/cdr/html/dam_spp
- b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
Average of SPPs for all hours ending 0700-2200 CPT
- d) Ref Price A - Pricing calendar
ERCOT
- e) Ref Price A - Delivery Date
Contract Period
- Strike Price Intervals
A minimum of ten Strike Prices in increments of $1.00 per MWh above
and below the at-the-money Strike Price. Strike Price boundaries
are adjusted according to futures price movements. User-defined
Strike Prices are allowed in $0.05 increments
- MIC Code
- IFED
- Clearing Venues
- ICEU