- Trading Screen Product Name
- Solar GO Futures
- Trading Screen Hub Name
- AIB
- Contract Symbol
GOV
- Contract Series
Up to 3 January contracts or as otherwise determined and announced
by ICE Endex from time to time.
- Contract Size
One lot of 1,000 EECS Solar Guarantee of Origin, where one
Guarantee of Origin equals 1 MWh.
- Unit of Trading
Any EECS Solar GO issued under Principles and Rules of Operation of
the Association of Issuing Bodies (AIB) for the EECS (EECS Rules)
in the country where the GO is issued, and which has the meaning
given to ‘Guarantee of Origin’ under Article 2 and
Article 19 of EU Directive 2018/2001 of the European Parliament and
is issued in response to a request from a producer of electricity
from Solar sources.
All deliverable EECS Solar GOs must be issued by an Authorised
Issuing Body (as defined in the EECS Rules) that is connected to
the AIB grid as announced by ICE Endex from time to time.
All deliverable EECS Solar GOs must be valid in accordance with C6
of the EECS Rules.
For a January contract only EECS Solar GOs generated between
February and December of the previous calendar year are eligible
for delivery.
- Minimum Trading Size
Futures:1 lot = 1,000 Solar GOs
Exchange for Swap: 10 lots = 10,000 Solar GOs
Block Order: 10 lots = 10,000 Solar GOs
- Price Quotation
The contract price is in Euros and Euro Cents per MWh
- Minimum Price Fluctuation
1 Euro Cent per MWh (€0.01 per MWh)
- Tick Value
€10.00 per lot.
- Last Trading Day
Trading will cease at the close of business 3 business days prior
to the last business day of the contract month.
- Settlement Method
Physical Delivery
- Exchange Delivery Settlement Price
The EDSP shall be the Settlement Price established by ICE Endex at
the end of the closing period on the last day of trading for the
relevant delivery month.
- Delivery Terms
Each Clearing Member with a position open at cessation of trading
is obliged to make or take delivery of GOs to or from an account in
an AIB registry (as defined in the EECS Rules) in accordance with
the Rules.
The physical delivery of GOs is to be made by means of a transfer
of GOs from an AIB registry account of the Seller to the AIB
registry account of the Clearing House, and from the AIB registry
account of the Clearing House to an AIB registry account of the
Buyer, in accordance with any applicable delivery requirements
under the EECS Rules.
- MIC Code
- NDEX
- Clearing Venues
- ICEU