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ICE NGX

ICE NGX AESO Financial Flat Fixed Price

Description

A daily cash settled Exchange Futures Contract based upon the mathematical average of daily prices calculated by averaging the flat hourly electricity prices published by AESO specified in Reference Price A.

Market Specifications

Trading Screen Product Name
NGX Fin FUT FF, FP for AESO Flat
Trading Screen Hub Name
Alberta
Contract Symbol
XCU
Settlement Method
Cash settlement with monthly true up
Contract Size
5 MW per hour
Currency
CAD
Minimum Price Fluctuation
0.01
Listing Cycle
Up to 96 consecutive monthly contract periods
Last Trading Day
The last business day prior to contract 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
Reference Price A
REFERENCE PRICE A
Alberta Electricity Floating Price
a) Ref Price A - Description
"Alberta Electricity Floating Price" 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 CAD Dollars, published by the AESO at http://ets.aeso.ca/
b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
c) Ref Price A - Specified Price
in the case of a Sunday on and from which time is to be one hour in advance of mountain standard time (second Sunday in March), the twenty-three (23) hour period starting at 0000 MPT and ending at 2400 MPT (HE0100 to HE2300 inclusive); ii. in the case of a Sunday on and from which time is no longer to be one hour in advance of mountain standard time (first Sunday in November), the twenty-five (25) hour period starting at 0000 MPT and ending at 2400 MPT (HE0100 to HE2500 inclusive); and iii. for all other calendar days, the twenty-four (24) hour period starting at 0000 MPT and ending at 2400 MPT (HE0100 to HE2400 inclusive);
d) Ref Price A - Pricing calendar
AESO
e) Ref Price A - Delivery Date
Contract Period
Final Payment Date
6th Business day following the last day of the Contract Expiry Month
MIC Code
NGXC
Clearing Venues
NGXC

Trading Hours

CityTradingPre-Open
New York8:30 AM - 5:00 PM
08:30 - 17:00

London1:30 PM - 10:00 PM
13:30 - 22:00

Singapore8:30 PM - 5:00 AM
20:30 - 05:00

Calgary Hours = 6:30 AM - 3:00 PM

Codes

Clearing Admin Name
NGX AF PWR Swap
Physical
XCU
Logical
XCU
GMI (FC)
ION A.C.N.
Symbol Code
XCU