- Trading Screen Product Name
- SREC-MA Futures
- Trading Screen Hub Name
- SREC-MA V21
- Commodity Code
MQ1
- 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