New Jersey Solar Renewable Energy Certificate Vintage 2019 Future

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 EY19

Commodity Code

NJK

Contract Size

10 MWh representing 10 New Jersey SRECs

Unit 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 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 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