Texas Compliance Renewable Energy Certificate Future26190237

Description

Physically delivered Texas Compliance Renewable Energy Certificates (REC) where a Texas REC is an electronic certificate issued by the ERCOT Renewables Registry for qualifying wind energy production.

Market Specifications

Trading Screen Product Name
REC-TX Futures
Trading Screen Hub Name
REC-TX
Commodity Code
TEC
Contract Size
100 MWh
Unit of Trading
MWh
Currency
USD
Trading Price
One cent ($0.01) per MWh
Settlement Price
One cent ($0.01) per MWh
Minimum Price Fluctuation
One cent ($0.01) per MWh
Last Trading Day
Three Business Days prior to the last Business Day of the delivery month
Contract Series
1. Standard-cycle contract listings: Monthly contract sets through the current year and forward up to 5 consecutive years.

2. The Exchange may list any other calendar month contract set off the standard-cycle listing schedule through the last expiring contract set.
Deliverable Instruments
Deliverable Instruments: Texas RECs eligible for delivery are those which are eligible to meet the REC requirements specified in the Public Utility Commission of Texas Substantive Rule Chapter 25, Subchapter H, Division 1 under the renewable energy trading program, having been generated from wind energy production technology.

Applicable for the January through April contract expirations, RECs acceptable for delivery are those having been generated during the prior calendar year.

Applicable for the May through December contract expirations, RECs acceptable for delivery are those having been generated during the year of the contract expiration.

REC Offsets are not deliverable.
Physical Delivery
Applicable
Registry
ERCOT Renewables Registry
Business Days
U.S. Business Days apply, except in relation to payments where the normal definition of Business Day under the Rules applies.
MIC Code
IFED
Clearing Venues
ICEU