- Trading Screen Product Name
- SREC-MA Futures
- Trading Screen Hub Name
- SREC-MA II
- Contract Symbol
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
The last weekday of December is not considered a Business Day,
unless otherwise determined and announced by the Exchange.
- 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