ERCOT Forward Market - Data
ICE (Intercontinental Exchange)
ICE stands for Intercontinental Exchange, which is a global exchange platform that provides trading and clearing services for various commodity and financial markets, including energy markets. One of the energy markets that ICE operates is the Texas electricity market, which is overseen by the Electric Reliability Council of Texas (ERCOT).
ERCOT is a non-profit organization that manages the flow of electric power to more than 26 million Texas customers, representing about 90% of the state's electric load. ERCOT is responsible for ensuring the reliability and adequacy of the Texas electric grid, which includes managing the wholesale electricity market.
The wholesale electricity market in Texas operates on a real-time pricing system, where the price of electricity is determined by the supply and demand at any given moment. This means that the price of electricity can fluctuate significantly based on factors such as weather conditions, fuel prices, and changes in electricity demand.
ICE provides a platform for energy traders and market participants to buy and sell electricity contracts based on the ERCOT real-time pricing system. The prices of these contracts are reported on ICE's website and other financial news outlets, providing transparency and visibility into the Texas electricity market.
Electric prices are reported in various ways depending on the market and the specific contract being traded. In the Texas electricity market, prices are reported in dollars per megawatt-hour (MWh), which is a standard unit of energy measurement. The price of electricity can also be reported in real-time, day-ahead, or futures contracts, depending on the time horizon of the trade.
Overall, ICE plays a crucial role in providing a platform for energy traders and market participants to manage their risk and make informed decisions in the volatile Texas electricity market.
ERCOT is a non-profit organization that manages the flow of electric power to more than 26 million Texas customers, representing about 90% of the state's electric load. ERCOT is responsible for ensuring the reliability and adequacy of the Texas electric grid, which includes managing the wholesale electricity market.
The wholesale electricity market in Texas operates on a real-time pricing system, where the price of electricity is determined by the supply and demand at any given moment. This means that the price of electricity can fluctuate significantly based on factors such as weather conditions, fuel prices, and changes in electricity demand.
ICE provides a platform for energy traders and market participants to buy and sell electricity contracts based on the ERCOT real-time pricing system. The prices of these contracts are reported on ICE's website and other financial news outlets, providing transparency and visibility into the Texas electricity market.
Electric prices are reported in various ways depending on the market and the specific contract being traded. In the Texas electricity market, prices are reported in dollars per megawatt-hour (MWh), which is a standard unit of energy measurement. The price of electricity can also be reported in real-time, day-ahead, or futures contracts, depending on the time horizon of the trade.
Overall, ICE plays a crucial role in providing a platform for energy traders and market participants to manage their risk and make informed decisions in the volatile Texas electricity market.
ICE Reporting
The reporting that the ICE (Intercontinental Exchange) provides on its website, theice.com, covers a wide range of markets, including energy, agriculture, metals, and financial derivatives. The ICE is one of the world's leading exchange operators and clearing houses, providing market participants with a platform to trade and manage risk across these markets.
The energy markets that the ICE covers include crude oil, natural gas, power, and emissions. The website provides real-time and historical data on prices, volume, open interest, and other market indicators for these energy products. The ICE also offers a range of futures and options contracts on these products, which are traded on its exchange platform.
In addition to energy markets, the ICE also provides reporting and data on agricultural commodities, such as coffee, cocoa, and cotton, as well as metals, including gold, silver, and copper. The website provides news and analysis on these markets, as well as real-time and historical data on prices, volume, open interest, and other market indicators.
The ICE also offers a suite of financial derivatives products, including interest rate futures and options, equity index futures and options, and credit default swaps. The website provides real-time and historical data on these products, as well as news and analysis on market trends and developments.
Overall, the reporting that the ICE provides on its website is designed to help market participants make informed decisions and manage their risk across a range of markets. The real-time and historical data, news, and analysis that the ICE offers can be a valuable resource for traders, investors, and other stakeholders in these markets.
The energy markets that the ICE covers include crude oil, natural gas, power, and emissions. The website provides real-time and historical data on prices, volume, open interest, and other market indicators for these energy products. The ICE also offers a range of futures and options contracts on these products, which are traded on its exchange platform.
In addition to energy markets, the ICE also provides reporting and data on agricultural commodities, such as coffee, cocoa, and cotton, as well as metals, including gold, silver, and copper. The website provides news and analysis on these markets, as well as real-time and historical data on prices, volume, open interest, and other market indicators.
The ICE also offers a suite of financial derivatives products, including interest rate futures and options, equity index futures and options, and credit default swaps. The website provides real-time and historical data on these products, as well as news and analysis on market trends and developments.
Overall, the reporting that the ICE provides on its website is designed to help market participants make informed decisions and manage their risk across a range of markets. The real-time and historical data, news, and analysis that the ICE offers can be a valuable resource for traders, investors, and other stakeholders in these markets.
ICE Reporting for ERCOT
The ICE (Intercontinental Exchange) provides a range of reports related to ERCOT (Electric Reliability Council of Texas) trading on its website, theice.com. ERCOT manages the flow of electric power to more than 26 million Texas customers, representing about 90% of the state's electric load, and operates the wholesale electricity market in Texas.
One of the key reports that the ICE provides related to ERCOT trading is the Real-Time LMP (Locational Marginal Price) report. The LMP is the price that market participants pay for energy at a specific location within the ERCOT grid, and it is determined by the supply and demand of electricity at that location in real-time. The ICE's Real-Time LMP report provides up-to-the-minute data on LMP prices for each of the five ERCOT regions, as well as other market indicators, such as load and generation levels.
The ICE also provides a range of historical data and reports related to ERCOT trading, including the ERCOT DAM (Day-Ahead Market) report, which provides data on the prices and volumes of energy transactions in the day-ahead market. The ICE also provides reports on ERCOT futures contracts, which allow market participants to hedge their risk in the ERCOT market by locking in a price for future delivery of energy.
Additionally, the ICE offers news and analysis related to ERCOT trading and the Texas electricity market more broadly. This can include insights into market trends, developments in energy policy, and other factors that may impact the ERCOT market.
Overall, the reports and data that the ICE provides related to ERCOT trading can be a valuable resource for market participants looking to stay informed about the Texas electricity market and make informed trading decisions.
Link to the ICE Reports can be found here.
Peak and Off-Peak
In the ERCOT market, the peak hours refer to the times when electricity demand is highest, typically during weekdays from 7:00 AM to 10:00 PM local time. During these peak hours, the price of electricity tends to be higher due to the increased demand and limited supply.
Off-peak hours, on the other hand, refer to the times when electricity demand is lower, typically during weekdays from 10:00 PM to 6:00 AM local time, and on weekends and holidays. During these off-peak hours, the price of electricity tends to be lower due to the decreased demand and ample supply.
The ICE provides various reports and data related to peak and off-peak hours in the ERCOT market, including real-time and historical data on prices and volumes of energy transactions during these hours. The ICE also offers futures and options contracts that allow market participants to trade and manage risk during peak and off-peak hours in the ERCOT market.
Understanding the peak and off-peak hours in the ERCOT market is important for market participants, as it can help them make informed trading decisions and manage their risk in the volatile Texas electricity market. By monitoring the price movements during these hours, market participants can adjust their strategies and take advantage of potential opportunities to buy or sell electricity contracts.
Off-peak hours, on the other hand, refer to the times when electricity demand is lower, typically during weekdays from 10:00 PM to 6:00 AM local time, and on weekends and holidays. During these off-peak hours, the price of electricity tends to be lower due to the decreased demand and ample supply.
The ICE provides various reports and data related to peak and off-peak hours in the ERCOT market, including real-time and historical data on prices and volumes of energy transactions during these hours. The ICE also offers futures and options contracts that allow market participants to trade and manage risk during peak and off-peak hours in the ERCOT market.
Understanding the peak and off-peak hours in the ERCOT market is important for market participants, as it can help them make informed trading decisions and manage their risk in the volatile Texas electricity market. By monitoring the price movements during these hours, market participants can adjust their strategies and take advantage of potential opportunities to buy or sell electricity contracts.
Peak and Off-Peak Definitions
Peak - Monday through Friday Contract Periods, excluding NERC holidays; all hours ending 0700-2200 CPT
Off-Peak - Monday through Friday, excluding NERC holidays; all hours ending 0100-0600, 2300-2400 CPT; and
Saturday, Sunday, and NERC holiday; all hours ending 0100-2400 CPT
Peak - Monday through Friday Contract Periods, excluding NERC holidays; all hours ending 0700-2200 CPT
Off-Peak - Monday through Friday, excluding NERC holidays; all hours ending 0100-0600, 2300-2400 CPT; and
Saturday, Sunday, and NERC holiday; all hours ending 0100-2400 CPT