- Trading Screen Product Name
- TB4 Futures 7X
- Trading Screen Hub Name
- ERCOT North 345KV Hub RT TB4, 7x
- Contract Symbol
ERG
- Settlement Method
Cash settlement
- Contract Size
1 MW
- 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 48 consecutive monthly Contract Periods
- Last Trading Day
The last Business Day of the Contract Period
- Final Settlement
Average of Reference Price A Prices
- REFERENCE PRICE A
ELECTRICITY-ERCOT-NORTH 345KV HUB-REAL TIME
- a) Ref Price A - Description
"ELECTRICITY-ERCOT-NORTH 345KV 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 ERCOT at
http://www.ercot.com/content/cdr/html/real_time_spp
- b) Ref Price A - Pricing Date
Each day that prices are reported for the Delivery Date
- c) Ref Price A - Specified Price
For each calendar day, Monday-Sunday, the average of SPPs for the
four highest priced hours, minus the average of SPPs for the four
lowest priced hours for all hours ending 0100-2400 CPT
- d) Ref Price A - Pricing calendar
ERCOT
- e) Ref Price A - Delivery Date
Contract Period
- Final Payment Date
The sixth Clearing Organization business day following the Last Trading Day
- MIC Code
- IFED
- Clearing Venues
- ICEU