ERCOT North LZ Physical Off-Peak Daily Fixed Price60934521

Description

Firm Energy with Liquidated Damages. Fixed-price Physical ERCOT Daily Power delivered at a specified ERCOT location

Market Specifications

Trading Screen Product Name
Firm-LD Off-Peak
Trading Screen Hub Name
ERCOT North LZ Off-Peak
Commodity Code
XSR
Contract Size
50 MW per hour
Currency
US $ and cents per MWH
Listing Cycle
Up to 60 consecutive Daily Contract Periods
Schedule
All off-peak hours for the applicable strip length referenced by the market for hours ending 0100-0600, 2300 and 2400 on business days and for hours ending 0100-2400 on weekends and NERC holidays in the central ("CPT") prevailing time zone.
Last Trading Day
The last business day prior to the delivery period
Daily Settlement
Daily settlement will be determined by NGX using price data from a number of sources including, spot, forward and derivative markets for both physical and financial products
Final Settlement
Final settlement will be determined by the actual fixed price entered into at the time of the transaction.
Payment Dates
Payment due on the 20th of the month following the Delivery Period by wire transfer of Federal Funds, unless otherwise stated by a master agreement between the Buyer and Seller.
MIC Code
IEPA
Clearing Venues
NGX