- Trading Screen Product Name
- SREC-PA Futures
- Trading Screen Hub Name
- SREC-PA
- Contract Symbol
PAX
- 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. The Exchange may list monthly contracts in the Standard Cycle or
any other calendar month it determines for the current year and
forward for up to ten years.
2. The Standard Cycle is: January, February, March, April, May,
June, July, August, September, October, November and December
- Last Trading Day
Three Business Days prior to the last Business Day of the delivery
month
The last weekday of December is not considered a Business Day,
unless otherwise determined and announced by the Exchange.
- Deliverable Instruments
Pennsylvania SREC eligible for delivery are those representing
solar photovoltaic sources eligible to meet the Tier I Alternative
Energy Credit requirement of the Alternative Energy Portfolio
Standard promulgated under Pennsylvania 2004 Act 213 P.L. 1672 No.
213 and issued by PJM GATS having a vintage year designation that
corresponds to the specified vintage of the expiring contract.
- Registry
PJM GATS
- MIC Code
- IFED
- Clearing Venues
- ICEU