New Jersey Solar Renewable Energy Certificate Vintage 2015 Future26190244

Description

Physically delivered New Jersey Solar Renewable Energy Certificates (“New Jersey SREC”) where a SREC is an electronic certificate issued by the PJM Environmental Information System Generation Attribute Tracking System ("PJM GATS") for qualifying generation

Market Specifications

Trading Screen Product Name
SREC-NJ Futures
Trading Screen Hub Name
SREC-NJ EY15
Contract Symbol
NJG
Contract Size
10 MWh representing 10 New Jersey SRECs
Units of Trading
MWh
Currency
US $ and cents
Trading Price
One cent ($0.01) per MWh
Settlement Price
One cent ($0.01) per MWh
Minimum Price Flux
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 4 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
New Jersey SRECs eligible for delivery are those which are eligible to meet the SREC requirements specified in N.J.A.C. 14:8-2-3 under the New Jersey Renewable Energy Portfolio Standard promulgated under N.J.A.C. 14:8 verified and qualified by the NJ Board of Public Utilities having an Energy Year designation that corresponds to the specified Energy Year of the expiring contract.

Physical Delivery
Applicable
Registry
PJM GATS
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