PJM GATS Type 1 Spot Granular Certificates83049006
ICE OTC
PJM GATS Type 1 Spot Granular Certificates
Description
Firm Physical Granular Certificates from Type 1 sources in the
PJM-GATS, or succeeding organization, registry system. Each
Certificate shall be deliverable for the hour in which it was
generated.
Type 1 sources: wind, solar, geothermal, and renewable-charged
storage1.
1Certificates delivered from renewable-charged storage
shall be accompanied by an EAC proving that the battery was charged
with energy from another Type 1 qualifying source
Market Specifications
- Trading Screen Product Name
- PJM GC Type 1
- Trading Screen Hub Name
- Hourly
- Contract Symbol
- J10
- Contract Series
- Individual Hour Ending strips designated in EPT. Hours shall be dynamically available for a range of dates as determined by ICE. The extra hour during fall daylight savings shall be designated as HE 2500
Any contract with a Last Trading Day not prior to the auction trading day and a Contract Period no later than one calendar day prior to the trading day, excluding any contracts from prior to the last closeout of Type 1 source certificates at PJM-GATS, shall be available by flex request, or as otherwise determined by ICE
Individual contracts within the flexible range may be predefined by ICE at its sole discretion - Contract Size
- 1 Granular Certificate per Contract
- Unit of Trading
- 1 Contract
- Price Quotation
- US Dollars and Dollar Cents per contract
- Minimum Price Fluctuation
- $0.01 per contract
- Last Trading Day
- The earlier of:
The Last Business Day of the sixth month following the contract period
The business day prior to any scheduled closeout at PJM-GATS for Type 1 source certificates - Business Days
- Monday through Friday, excluding US Federal Reserve System holidays
- Settlement Method
- Physically Delivery intermediated by LevelTen Energy, subject to the LevelTen Granular Certificate OTC Participant Agreement
- Other Terms
- Subject to the Granular Certificate Procedures Annex of the ICE End User Participant Agreement
- MIC Code
- IEPA
- Clearing Venues
- Bilateral
Related Products
Codes
- Clearing Admin Name
- Level Ten
- Physical
- J10
- Logical
- J10
- GMI (FC)
- ION A.C.N.
- Symbol Code
- J10