- Trading Screen Product Name
- REC-NJ Futures
- Trading Screen Hub Name
- REC-NJ CII
- Contract Symbol
NJV
- Settlement Method
Physical delivery
- Contract Size
100 MWh representing 100 New Jersey Class 2 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
- 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 Class II RECs eligible for delivery are those which are
eligible to meet the Class II Renewable Energy requirements
specified in N.J.A.C. 14:8-2.6 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
or energy year designation that corresponds to the specified
vintage of the expiring contract. For deliveries of Class II RECs
generated from a resource recovery facility located outside of the
State of New Jersey, the seller must also deliver the Class II
Renewable Energy Certification Form.
- Registry
PJM GATS
- MIC Code
- IFED
- Clearing Venues
- ICEU