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ERCOT Daily Load Forecast Futures Contract Specs

Contract Unit $0.10 per Index Point
Price Quotation U.S. Dollars and Cents per Index Point
Trading Hours CME Globex: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
CME ClearPort: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 1
Product Code CME Globex: EMC
CME ClearPort: EMC
Clearing: EMC
Listed Contracts On the first listed contract day, the listing cycle will be the current calendar day plus the subsequent seven calendar days (eight consecutive calendar days in total) . After the first listed contract day, the listing cycle will be the previous calendar day as well as the current calendar day plus the subsequent seven calendar days (nine consecutive calendar days in total).
Settlement Method Financially Settled
Floating Price The Floating Price shall be equal to $0.10 multiplied by the actual maximum hourly load, rounded to the closest whole megawatt, as reported by the Electric Reliability Council of Texas (ERCOT) for the operating day that is the contract day. The system-wide load is reported on the ERCOT website under the “Grid Information” tab and the “Load” subsection in the link entitled “Actual Load of Weather Zones Report.” The Floating price will utilize the operating day’s maximum value from the “Total” column. For the purpose of rounding the hourly load, any value with a fraction of a megawatt at or greater than 0.5 will be rounded up to the nearest whole megawatt. Any value with a fraction of a megawatt less than 0.5 will be rounded down to the nearest whole megawatt.
Termination Of Trading CME Globex: Trading on CME Globex will terminate at 23:59 local time of the independent system operator/regional transmission organization on the calendar day that is the contract day. If that time is not within CME Globex regular trading hours, trading on CME Globex shall cease at the normal termination time (i.e., 16:15 CT) on the nearest business day on or before the contract day.
CME ClearPort: Trading shall cease on the business day following the ERCOT operating day (calendar day).
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1185
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing