- Trading Screen Product Name
- REC-PJM Futures
- Trading Screen Hub Name
- REC-PJM CI
- Contract Symbol
PPR
- Settlement Method
Physical delivery
- Contract Size
100 MWh representing 100 Qualifying 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. 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
Class I RECs eligible for delivery are those which are eligible to
meet the Class I or Tier 1/I requirements in each of the states of
Pennsylvania, New Jersey and Maryland where; the Pennsylvania
requirements are specified in Pennsylvania Statutes Title 73
Chapter 18F; the New Jersey requirements are specified in N.J.A.C.
14:8-2-3; and the Maryland requirements are specified in Maryland
Annotated Code, Public Utility Companies Article, § 7-701
– 7-713 and in the Code of Maryland Regulations as
implemented through Title 20, Subtitle 61. Class I RECs acceptable
for delivery are those having a vintage year designation that
corresponds to the specified vintage year of the expiring contract.
Applicable to the Maryland vintage-year designation only and only
for the expiry months of January through July, sellers have the
option to deliver a vintage designation that corresponds to the
specified vintage year of the expiring contract or one that is one
year earlier.
- Registry
PJM GATS
- MIC Code
- IFED
- Clearing Venues
- ICEU