- Trading Screen Product Name
- SREC-MD Futures
- Trading Screen Hub Name
- SREC-MD
- Contract Symbol
MDX
- 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
Maryland SRECs eligible for delivery are those representing solar
photovoltaic sources eligible to meet the Solar Carve Out
requirement of 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