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ERCOT Houston 345 kV Hub 5 MW Off-Peak Calendar-Day Futures Contract Specs

Contract Unit 5 MWh
Clears in multiples of the number of off-peak hours in the contract day.
Price Quotation U.S. dollars and cents per MWh
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.01 x 5 MW x # off-peak hours/day
Product Code CME Globex: AI4
CME ClearPort: I4
Clearing: I4
Listed Contracts Daily contracts listed for the current month and next calendar month. List daily contracts for a new calendar month following the termination of trading in the last contract day of the current month.
Settlement Method Financially Settled
Floating Price The Daily Floating Price will be determined for each off-peak day. The Daily Floating Price will be equal to the arithmetic average of all Electric Reliability Council of Texas (ERCOT) Houston 345 kV Hub real-time settlement point off-peak prices provided for the contract day. For settlement of this contract, the prices provided by ERCOT will be considered final on the payment date stated in Rule 279.09 and will not be subject to any further adjustment.
Termination Of Trading CME Globex: Trading on CME Globex terminates 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 terminates at 16:00 CT on the nearest business day on or before the contract day.
CME ClearPort: Trading terminates on the contract day. When the contract day is not a business day, trading terminates on the prior business day.
Days Or Hours Off-peak shall mean Monday through Friday Hour Ending (HE) 0100-0600 and 2300 and 2400 Central Prevailing Time (CPT) and Saturday through Sunday HE 0100-2400 CPT including North American Electric Reliability Corporation holidays.
Settlement Procedures Delivery under the ERCOT Houston 345 kV Hub 5 MW Off-Peak Calendar-Day Futures contract shall be by cash settlement. The cash-settlement price will be based on the Daily Floating Price which is determined for the off-peak day.
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 279
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing