ICE Futures U.S.

Massachusetts Solar Renewable Certificate Vintage 2020 Future

Massachusetts Solar Renewable Certificate Vintage 2020 Future55410810

Description

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

Market Specifications

Trading Screen Product Name
SREC-MA Futures
Trading Screen Hub Name
SREC-MA V20
Commodity Code
MQ0
Settlement Method
Physical delivery
Contract Size
10 MWh representing 10 Qualifying SRECs
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: January, February, April, May, July, August, October and November contracts for the current year and forward for 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
Massachusetts SRECs eligible for delivery are those representing solar renewable energy (defined in Massachusetts General Law c.25A, 11F(c)) eligible to meet the RPS Solar Carve Out Program (SREC I) requirement of the Renewable Energy Portfolio Standard promulgated under Massachusetts General Law c.25A 11F and issued by NEPOOL GIS having an vintage year designation that corresponds to the specified vintage of the expiring contract.
Registry
NEPOOL GIS
MIC Code
IFED
Clearing Venues
ICEU