Pennsylvania Solar Alternative Energy Credit Future65898879
ICE Futures U.S.

Pennsylvania Solar Alternative Energy Credit Future

Description

Physically delivered Pennsylvania Solar Alternative Energy Credit (“Pennsylvania SREC”) where a Pennsylvania SREC is an electronic certificate issued by PJM GATS for qualifying generation.

Market Specifications

Trading Screen Product Name
SREC-PA Futures
Trading Screen Hub Name
SREC-PA
Contract Symbol
PAX
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.
Deliverable Instruments
Pennsylvania SREC eligible for delivery are those representing solar photovoltaic sources eligible to meet the Tier I Alternative Energy Credit requirement of the Alternative Energy Portfolio Standard promulgated under Pennsylvania 2004 Act 213 P.L. 1672 No. 213 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

Trading Hours

CityTradingPre-Open
New York7:50 PM - 6:00 PM*
19:50 - 18:00
7:40 PM
19:40
London12:50 AM - 11:00 PM*
00:50 - 23:00
12:40 AM
00:40
Singapore8:50 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
SREC-PA C1
Physical
PAX
Logical
PAX
GMI (FC)
JN
Symbol Code
PAX