The contracts consist of monthly expiries based on both Real Time and Day Ahead prices across all four ERCOT hubs and all four ERCOT zones, for both peak and off-peak time periods.
Cleared by LCH.Clearnet, the contracts are available for four years of forward trading on both the Nodal Exchange auction market and its over-the-counter trade submission facility for negotiated transactions.
Nodal Exchange CEO Paul Cusenza said they are very happy to be able to extend their offering in ERCOT to cover all hubs and zones for both Day Ahead and Real Time settled contracts.
"The ERCOT market is an exciting market and we look forward to continuing to meet the needs of our participants with this and future expansions in products and services," Cusenza said.
LCH.Clearnet managing director for corporate strategy Alberto Pravettoni said that ERCOT’s recent transition to a nodal model has opened new trading opportunities. As the ERCOT market evolves we remain committed to providing the highest level of counterparty risk management.
