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ICE Futures U.S.

SPP North Real-Time Off-Peak Daily Fixed Price Future

Description

A daily cash settled Exchange Futures Contract based upon the mathematical average of off-peak hourly 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 North RT Off-Peak
Contract Symbol
SPX
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
Up to 45 consecutive daily Contract Periods, or as otherwise determined by the Exchange
Last Trading Day
The Business Day prior to the Contract Period
Final Settlement
Reference Price A
REFERENCE PRICE A
ELECTRICITY-SPP-NORTH HUB-REAL TIME
a) Ref Price A - Description
"ELECTRICITY-SPP-NORTH 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 price are reported for the Delivery Date
c) Ref Price A - Specified Price
Average of LMPs for all hours 0100-0600, 2300-2400 CPT
d) Ref Price A - Pricing calendar
SPP
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
The eighth 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
London11:50 PM - 10:00 PM*
23:50 - 22:00
11:40 PM
23:40
Singapore7:50 AM - 6:00 AM*
07:50 - 06:00
7:40 AM
07:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes

Clearing Admin Name
Pwr EastOPDaily
Physical
SPX
Logical
SPX
GMI (FC)
@P
ION A.C.N.
Symbol Code
SPX