ICE Futures U.S.

Massachusetts Compliance Renewable Energy Certificates Class 1 Vintage 2017 Future

Massachusetts Compliance Renewable Energy Certificates Class 1 Vintage 2017 Future32857588

Description

Physically delivered Massachusetts Class 1 Renewable Energy Certificates (“Massachusetts Class 1 REC”) where a REC is an electronic certificate issued by NEPOOL GIS for qualifying generation.

Market Specifications

Trading Screen Product Name
REC-MA Futures
Trading Screen Hub Name
REC-MA C1 V17
Commodity Code
MB7
Settlement Method
Physical delivery
Contract Size
100 MWh representing 100 Massachusetts Class 1 RECs s
Currency
USD
Minimum Price Fluctuation
The price quotation convention shall be One cent ($0.01) per MWh; minimum price fluctuation may vary by trade type. Please see Table in Resolution 1 to this Chapter 18.
Listing Cycle
1. Standard-cycle contract listings: Annual December expirations for the current year and forward for up to five consecutive years.
2. The Exchange may list any other calendar month contract sets off the standard-cycle listing schedule through the last expiring contract set.
Last Trading Day
Three Business Days prior to the last Business Day of the delivery month
Deliverable Instruments
Massachusetts Class 1 RECs eligible for delivery are those representing Class 1 renewable energy (defined in Massachusetts General Law c.25A, 11F(c)) eligible to meet the Class I requirement of the Renewable Energy Portfolio Standard promulgated under Massachusetts General Law c.25A 11F and issued by NEPOOL GIS having a vintage or energy year designation that corresponds to the specified vintage of the expiring contract.
Registry
NEPOOL GIS
MIC Code
IFED
Clearing Venues
ICEU