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ICE Futures U.S.

Texas Renewable Energy Certificate from CRS Listed Facilities Back Half Specific Future

Description

Physically delivered Texas Renewable Energy Certificates (REC) issued by the ERCOT Renewables Registry for qualifying wind energy production from facilities in Texas which are listed with the Center for Resource Solutions (CRS) as an element of CRS’ administration of its Green-e® certification program.

Market Specifications

Trading Screen Product Name
REC-TX Futures
Trading Screen Hub Name
REC-TX BH
Contract Symbol
TBH
Settlement Method
Physical delivery
Contract Size
1000 MWh representing 1000 Texas 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
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
Texas RECs eligible for delivery are those issued by ERCOT which have been generated from wind energy production technology in Texas and having a Back Half year designation that corresponds to the specified vintage year of the expiring contract. REC Offsets are not deliverable.

RECs delivered must be from facilities that have an active Tracking Attestation form on file with the Center for Resource Solutions (“CRS”), in connection with CRS’s administration of its Green-e® certification programs. The Tracking Attestation form must cover the generation period of the RECs. Maintenance of an active Tracking Attestation form does not guarantee that a facility meets the requirements of any Green-e® renewable energy standards and does not mean that a facility’s supply is Green-e® Certified. The Green-e® name and symbol are a registered trademark owned and administered by Center for Resource Solutions (CRS). For more information about Tracking Attestation forms and Green-e® certification, please visit the Green-e® website at www.green-e.org. To confirm that a facility has an active Tracking Attestation form on file, please contact the Center for Resource Solutions at [email protected].

For contracts which are designated as Back Half or BH, RECs acceptable for delivery are those that were issued for generation occurring in the last six calendar months of the specified vintage year.

RECs must be delivered from a facility meeting the New Date requirements for the year of generation and the following year. New Date requirements are specified on www.green-e.org for CRS Lister Facilities.
Registry
ERCOT Renewables Registry
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
Singapore7:50 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
REC-TX
Physical
TBH
Logical
TBH
GMI (FC)
ION A.C.N.
Symbol Code
TBH