Nodal Exchange and LCH.Clearnet have increased the range of contracts settling on Electric Reliability Council of Texas (ERCOT) locations to 32, Mondovisione reports. The contracts comprise of monthly expiries based on Real Time and Day Ahead prices across all four ERCOT hubs and zones, for both peak and off-peak time periods.
The contracts will be cleared by LCH. They will be available for four years of forward trading on the Nodal Exchange auction market and its over-the-counter trade submission facility for negotiated transactions.
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