- Trading Screen Product Name
- SREC-NJ Futures
- Trading Screen Hub Name
- SREC-NJ PY
- Contract Symbol
NPR
- Settlement Method
Physical delivery
- Contract Size
10 MWh representing 10 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
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 a vintage year designation that corresponds
to the specified vintage of the expiring contract.
- Registry
PJM GATS
- MIC Code
- IFED
- Clearing Venues
- ICEU