- Trading Screen Product Name
- REC-MD Futures
- Trading Screen Hub Name
- REC-MD C1
- Contract Symbol
MDE
- Settlement Method
Physical delivery
- Contract Size
100 MWh representing 100 Tier 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
Maryland Tier 1 RECs eligible for delivery are those which are
eligible to meet the Tier 1 renewable energy requirement (as
defined in the Maryland Renewable Energy Portfolio Standard
promulgated under 7-701 of the Public Utilities Article of the
Annotated Code of Maryland and issued by PJM GATS having a vintage
year designation that corresponds to the specified vintage of the
expiring contract..
- Registry
PJM GATS
- MIC Code
- IFED
- Clearing Venues
- ICEU