Virginia Compliance Renewable Energy Credit Future83049097
ICE Futures U.S.
Virginia Compliance Renewable Energy Credit Future
Description
Physically delivered Virginia Compliance Renewable Energy Credit (Virginia Compliance REC) where a Virginia Compliance REC is an electronic certificate issued by the PJM Environmental Information System Generation Attribute Tracking System (PJM GATS) for qualifying generation.
Market Specifications
- Trading Screen Product Name
- REC-VA Futures
- Trading Screen Hub Name
- REC-VA
- Trading Screen Product Name
- REC-VA Futures
- Trading Screen Hub Name
- REV-VA
- Contract Symbol
- VCR
- Settlement Method
- Physical delivery
- Contract Size
- 100 MWh representing 100 Virginia Compliance 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. The last weekday of December is not considered a Business Day, unless otherwise determined and announced by the Exchange.
- Deliverable Instruments
- Virginia RECs eligible for delivery are those which are eligible to meet the Renewable Energy requirements specified in the Renewable Portfolio Standard Statute 56- 585.5 under the Code of Virginia, verified and qualified by the Virginia State Corporation Commission and the Division of Public Utility Regulation. RECs acceptable for delivery are those having a vintage year designation that corresponds to the specified vintage year of the expiring contract.
- Registry
- PJM GATS
- MIC Code
- IFED
- Clearing Venues
- ICEU
Related Products
Trading Hours
| City | Trading | Pre-Open |
|---|---|---|
| NEW YORK | 7:50 PM - 6:00 PM* 19:50 - 18:00 | 7:40 PM 19:40 |
| LONDON | 12:50 AM - 11:00 PM 00:50 - 23:00 | 12:40 AM 00:40 |
| SINGAPORE | 7:50 AM - 6:00 AM* 07:50 - 06:00 | 7:40 AM 07:40 |
*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes
- Clearing Admin Name
- VCR
- Physical
- VCR
- Logical
- VCR
- GMI (FC)
- ION A.C.N.
- Symbol Code
- VCR