ERCOT HB_NORTH Monthly Day Ahead On-Peak Power Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial On-Peak Power, ERCOT HB_NORTH, Day Ahead

Contract Code FVE

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, based on 1 MW for each hour of the contract

Lot Size

Variable, expressed in megawatt hour (MWh). The Lot Size will equal 1 MW 

multiplied by the number of On-Peak hours within the month traded, so in a month 

with 332 On-Peak hours, the Lot Size equals 332 MWh. The definition of On-Peak 

hours is Hour Ending (HE) 0700 – 2200 Monday through Friday, Central Prevailing 

Time (CPT), excluding NERC Holidays.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day One additional year of expiries will be available each January on the first business 

day after the last trading day of the expiring December contract.

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series Current calendar year plus 12 full calendar years

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the Day 

Ahead hourly Settlement Point Prices for all On- Peak hours. These price files can be 

found at the following link or at successor location. 

https://www.ercot.com/content/cdr/html/dam_spp.htmlhttp://mis.ercot.com/misa

pp/GetReports.do?reportTypeId=12331 ERCOT correction prices are found at a 

different location, and are currently posted at: https://www.ercot.com/mp/dataproducts/data-product-details?id=NP4-196-

Mhttp://mis.ercot.com/misapp/GetReports.do?reportTypeId=13044 (SPP file only)

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF

Margin Unit US Dollars
ERCOT HB_NORTH Monthly Real Time On-Peak Power Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial On-Peak Power, ERCOT HB_NORTH, Real Time

Contract Code FOK

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, based on 1 MW for each hour of the contract

Lot Size

Variable, expressed in megawatt hour (MWh). The Lot Size will equal 1 MW 

multiplied by the number of On-Peak hours within the month traded, so in a month 

with 332 On-Peak hours, the Lot Size equals 332 MWh. The definition of On-Peak 

hours is Hour Ending (HE) 0700 – 2200 Monday through Friday, Central Prevailing 

Time (CPT), excluding NERC Holidays.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day One additional year of expiries will be available each January on the first business 

day after the last trading day of the expiring December contract.

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series Current calendar year plus 12 full calendar years

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the Real 

Time hourly 15-minute Settlement Point Prices for all On-Peak hours. These price 

files can be found at the following link or at successor location. 

https://www.ercot.com/content/cdr/html/real_time_spp.htmlhttp://mis.ercot.com/

misapp/GetReports.do?reportTypeId=12301 ERCOT correction prices are found at a 

different location, and are currently posted at: https://www.ercot.com/mp/dataproducts/data-product-details?id=NP4-197-

Mhttp://mis.ercot.com/misapp/GetReports.do?reportTypeId=13045 (SPP file only)

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF

Margin Unit US Dollars
ERCOT WAKEWE_ALL Monthly Day Ahead On-Peak Power Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial On-Peak Power, ERCOT WAKEWE_ALL, Day Ahead

Contract Code LQI

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, based on 1 MW for each hour of the contract

Lot Size

Variable, expressed in megawatt hour (MWh). The Lot Size will equal 1 MW 

multiplied by the number of On-Peak hours within the month traded, so in a month 

with 332 On-Peak hours, the Lot Size equals 332 MWh. The definition of On-Peak 

hours is Hour Ending (HE) 0700 – 2200 Monday through Friday, Central Prevailing 

Time (CPT), excluding NERC Holidays.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day The first business day after the last trading day of the current expiring contract

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series 69 months

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the Day 

Ahead hourly Settlement Point Prices for all On- Peak hours. These price files can be 

found at the following link or at successor location. 

https://www.ercot.com/mp/data-products/data-product-details?id=NP4-190-

CDhttp://mis.ercot.com/misapp/GetReports.do?reportTypeId=12331 ERCOT 

correction prices are found at a different location, and are currently posted at: 

https://www.ercot.com/mp/data-products/data-product-details?id=NP4-196-

Mhttp://mis.ercot.com/misapp/GetReports.do?reportTypeId=13044 (SPP file only)

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF

Margin Unit US Dollars
ERCOT WAKEWE_ALL Monthly Real Time On-Peak Power Contract

ITEM SPECIFICATION

Contract Description Monthly Cash Settled Financial On-Peak Power, ERCOT WAKEWE_ALL, Real Time

Contract Code LQM

Hours of Trading As defined at http://www.nodalexchange.com

Unit of Trading 1 lot, based on 1 MW for each hour of the contract

Lot Size

Variable, expressed in megawatt hour (MWh). The Lot Size will equal 1 MW 

multiplied by the number of On-Peak hours within the month traded, so in a month 

with 332 On-Peak hours, the Lot Size equals 332 MWh. The definition of On-Peak 

hours is Hour Ending (HE) 0700 – 2200 Monday through Friday, Central Prevailing 

Time (CPT), excluding NERC Holidays.

Currency US Dollars

Min Price Fluctuation $0.0001 per MWh

Minimum Tick $0.0001 per MWh

First Trading Day The first business day after the last trading day of the current expiring contract

Last Trading Day The sixth business day following the last calendar day of the month

Contract Series 69 months

Fixed Price The traded price or the previous day's settlement price

Daily Settlement Price Determined by the Exchange based on exchange activity, other market data, and 

extrapolation to traded contracts, as appropriate

Final Settlement Price

The final settlement price will be determined by the Exchange at approximately 3 pm 

EPT on the Last Trading Day. The final settlement price is the average of the Real 

Time hourly 15-minute Settlement Point Prices for all On-Peak hours. These price 

files can be found at the following link or at successor location. 

https://www.ercot.com/mp/data-products/data-product-details?id=NP6-905-

CDhttp://mis.ercot.com/misapp/GetReports.do?reportTypeId=12301 ERCOT 

correction prices are found at a different location, and are currently posted at: 

https://www.ercot.com/mp/data-products/data-product-details?id=NP4-197-

Mhttp://mis.ercot.com/misapp/GetReports.do?reportTypeId=13045 (SPP file only)

Final Settlement (Payment) 

Date The first business day following the Last Trading Day

Position Limit https://www.nodalexchange.com/files/autogenerated/Nodal_Rulebook_Appendix_

C-Limits_and_Levels.PDF

Margin Unit US Dollars