Pennsylvania Compliance Alternative Energy Credit Tier I Future65898877
ICE Futures U.S.
Pennsylvania Compliance Alternative Energy Credit Tier I Future
Description
Physically delivered Pennsylvania Tier I Alternative Energy Credit (“Pennsylvania Tier I REC”) where a Pennsylvania Tier I REC is an electronic certificate issued by PJM GATS for qualifying generation.
Market Specifications
- Trading Screen Product Name
- REC-PA Futures
- Trading Screen Hub Name
- REC-PA CI
- Contract Symbol
- PAR
- Settlement Method
- Physical delivery
- Contract Size
- 100 MWh representing 100 Tier 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
- Pennsylvania Tier I RECs eligible for delivery are those which are eligible to meet the Tier 1 renewable energy requirement in the state of Pennsylvania. The requirements are specified in Pennsylvania Statues Title 73 Chapter 18F 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
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 8:50 AM - 7:00 AM* 08:50 - 07:00 | 8:40 AM 08:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- REC-PA C1
- Physical
- PAR
- Logical
- PAR
- GMI (FC)
- JL
- ION A.C.N.
- Symbol Code
- PAR