NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Future65898930
ICE Futures U.S.

NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Future

Description

Physically delivered Class I Renewable Energy Certificates (“NEPOOL Class I REC”) where a NEPOOL Class I REC is an electronic certificate issued by the NEPOOL GIS system for generation simultaneously qualifying for the Massachusetts Class I and Connecticut Class I portions of the Renewable Portfolio Standard programs.

Market Specifications

Trading Screen Product Name
REC-NEPOOL Futures
Trading Screen Hub Name
REC-NEPOOL CI
Contract Symbol
NER
Settlement Method
Physical delivery
Contract Size
100 MWh representing 100 Class 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.
Deliverable Instruments
RECs eligible for delivery are those that simultaneously qualify in Massachusetts and Connecticut as specified.

Massachusetts Class I RECs eligible for delivery are those representing Class I renewable energy (defined in Massachusetts General Law c.25A, 11F(c)) eligible to meet the Class I requirement of the Renewable Energy Portfolio Standard promulgated under Massachusetts General Law c.25A 11F and issued by NEPOOL GIS having a vintage or energy year designation that corresponds to the specified vintage of the expiring contract

Connecticut Class I RECs eligible for delivery are those representing Class I renewable energy (defined in General Statutes of Connecticut, Title 16, c. 277, §16-1(26)) eligible to meet Class I requirement of the Renewable Energy Portfolio Standard promulgated under General Statutes of Connecticut (Title 16, c. 283, §16-245a) and issued by NEPOOL GIS having a vintage or energy year designation that corresponds to the specified vintage of the expiring contract.
Registry
NEPOOL GIS
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
REC-NEPOOL C1
Physical
NER
Logical
NER
GMI (FC)
JQ
Symbol Code
NER