- Trading Screen Product Name
- REC-NEPOOL Futures
- Trading Screen Hub Name
- REC-NEPOOL CI
- Contract Symbol
NER
- Settlement Method
Physical delivery
- Contract Size
100 MWh representing 100 Class I 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
RECs eligible for delivery are those that simultaneously qualify in
Massachusetts and Connecticut as specified.
Massachusetts Class I RECs eligible for delivery are those
representing Class I renewable energy (defined in Massachusetts
General Law c.25A, 11F(c)) eligible to meet the Class I requirement
of the Renewable Energy Portfolio Standard promulgated under
Massachusetts General Law c.25A 11F and issued by NEPOOL GIS having
a vintage or energy year designation that corresponds to the
specified vintage of the expiring contract
Connecticut Class I RECs eligible for delivery are those
representing Class I renewable energy (defined in General Statutes
of Connecticut, Title 16, c. 277, §16-1(26)) eligible to meet
Class I requirement of the Renewable Energy Portfolio Standard
promulgated under General Statutes of Connecticut (Title 16, c.
283, §16-245a) and issued by NEPOOL GIS having a vintage or
energy year designation that corresponds to the specified vintage
of the expiring contract.
- Registry
NEPOOL GIS
- MIC Code
- IFED
- Clearing Venues
- ICEU