Firm Energy with Liquidated Damages; Fixed-price Physical ERCOT
Monthly Power Future delivered at a specified ERCOT location
Market Specifications
Trading Screen Product Name
Firm-LD Peak
Trading Screen Hub Name
ERCOT North 345kV Hub HE 1000-1700 7x
Contract Symbol
Y1K
Contract Size
50 MW per hour
Currency
US $ and cents per MWH
Minimum Price Fluctuation
$0.01 per MWh
Listing Cycle
Up to 72 consecutive monthly Contract Periods
Schedule
All hours for the applicable strip length referenced by the market
for hours ending 1000-1700 in the central ("CPT") prevailing time
zone, for every day in the period.
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.