ICE Futures U.S.

New Jersey Compliance Renewable Energy Certificates Class 1 Vintage 2016 Future

New Jersey Compliance Renewable Energy Certificates Class 1 Vintage 2016 Future33264304

Description

Physically delivered New Jersey Class 1 Renewable Energy Certificates (“New Jersey Class 1 REC”) where a REC 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
REC-NJ Futures
Trading Screen Hub Name
REC-NJ C1 V16
Commodity Code
NCS
Settlement Method
Physical delivery
Contract Size
100 MWh representing 100 New Jersey Class 1 RECs
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: Monthly contract sets through the current year and forward up to 10 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.
Last Trading Day
Three Business Days prior to the last Business Day of the delivery month
Deliverable Instruments
New Jersey Class 1 RECs eligible for delivery are those which are eligible to meet the Class I Renewable Energy minimum 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 a vintage or energy year designation that corresponds to the specified vintage of the expiring contract.
Registry
PJM GATS
MIC Code
IFED
Clearing Venues
ICEU