Massachusetts Solar Renewable Energy Certificate Carve Out II Future65898929

Description

Physically delivered Massachusetts Solar Renewable Energy Certificates (“Massachusetts SREC II”) where a Massachusetts SREC II 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 II
Commodity Code
MS2
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.
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 Solar Carve Out Program (SREC II) requirement of the Renewable Energy Portfolio Standard promulgated under Massachusetts General Law c.25A 11F and issued by NEPOOL GIS having a vintage year designation that corresponds to the specified vintage of the expiring contract.
Registry
NEPOOL GIS
MIC Code
IFED
Clearing Venues
ICEU
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Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 AM - 7:00 AM*
08:50 - 07:00
8:40 AM
08:40

*Next Day

Codes

Clearing Admin Name
SREC-MA C1
Physical
MS2
Logical
MS2
GMI(FC)
R&N A.C.N.