ICE ERCOT North 345KV Real-Time Peak Daily Fixed Price

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A daily cash settled Exchange Futures Contract based upon the mathematical average of peak hourly electricity prices published by ERCOT for the location specified in Reference Price A.

ERCOT North 345KV Real-Time Peak Daily Fixed Price Futures
Trading Screen Product Name Peak Futures
Trading Screen Hub Name ERCOT North 345KV Hub RT
Contract Symbol END
Settlement Method Cash settlement
Contract Size 800 MWh
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 365 consecutive Daily Contract Periods
Last Trading Day For Monday through Friday Contract Periods, excluding NERC holidays, if the following calendar day is a Business Day, the Business Day following the Contract Period with a closing time of 11:00pm EPT the night before; If the following calendar day is not a Business Day, the Business Day equal to the Contract Period with a closing time equal to the end of the Trading Session For each Saturday, Sunday, and NERC holiday Contract Period, the last Business Day prior to the Contract Period with a closing time equal to the end of the Trading Session.
Final Settlement Reference Price A
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 Average of SPPs for all hours ending 0700-2200 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
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 7:50 PM - 6:00 PM*

19:50 - 18:00

7:40 PM

19:40

LONDON 12:50 AM - 11:00 PM*

00:50 - 23:00

12:40 AM

00:40

SINGAPORE 8:50 AM - 7:00 AM*

08:50 - 07:00

8:40 AM

08:40

*Next Day

Sunday Pre-Open 5:10 PM ET; Closed on Saturday

Codes Clearing Admin Name ERCOT Pk Daily
Physical END
Logical END
GMI (FC) YK
ION A.C.N. QM68

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ICE ERCOT North 345KV Real-Time Peak Daily Fixed Price Product Spec