- Trading Screen Product Name
- NGX Fin Flat Futures
- Trading Screen Hub Name
- Ontario - Northeast DA
- Contract Symbol
OP2
- Settlement Method
Cash settlement with monthly true up
- Contract Size
1 MW per hour
- Currency
CAD
- Minimum Price Fluctuation
0.01
- Listing Cycle
Up to 60 consecutive daily contract periods
- Last Trading Day
The last business day of the 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
IESO-Northeast-Day Ahead
- a) Ref Price A - Description
" Day Ahead Northeast 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 IESO at http://reports.ieso.ca/public/PriceHOEPPredispOR/
- 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 eastern standard time (second Sunday in March), the
twenty-three (23) hour period starting at 0000 EPT and ending at
2400 EPT (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
eastern standard time (first Sunday in November), the twenty-five
(25) hour period starting at 0000 EPT and ending at 2400 EPT
(HE0100 to HE2500 inclusive); and iii. for all other calendar days,
the twenty-four (24) hour period starting at 0000 EPT and ending at
2400 EPT (HE0100 to HE2400 inclusive);
- d) Ref Price A - Pricing calendar
IESO
- 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