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ICE Futures U.S.

Texas Compliance Solar Renewable Energy Certificate from CRS Listed™ Facilities Front Half Specific Future

Description

Physically delivered Texas Compliance Renewable Energy Certificates (REC) issued by the ERCOT Renewables Registry for qualifying solar energy production from facilities which are listed with the Center for Resource Solutions (CRS).

Market Specifications

Trading Screen Product Name
SREC-TX Futures
Trading Screen Hub Name
SREC-TX FH
Contract Symbol
TXF
Settlement Method
Physical delivery
Contract Size
1000 MWh representing 1000 Texas RECs and 1000 Compliance Premiums.
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
The deliverable product for each single contract is 1,000 eligible RECs and, if required by the Green-e® certification program, 1,000 eligible Compliance Premiums (CPs). Texas RECs eligible for delivery are those which are eligible to meet the REC requirements specified in the Public Utility Commission of Texas Substantive Rule Chapter 25, Subchapter H, Division 1 under the renewable energy trading program, having been generated from solar energy production technology and having a Front Half year designation that corresponds to the specified vintage year of the expiring contract. REC Offsets are not deliverable.

RECs and CPs delivered must be from facilities that have a Tracking Attestation form on file with the Center for Resource Solutions (“CRS”). The Tracking Attestation form must cover the generation period of the RECs and CPs. RECs and, if required, the matching CPs must be from the same facility and satisfy the same Green-e® Energy vintage requirement. Maintenance of an active Tracking Attestation form does not guarantee that a facility meets the requirements of any Green-e® certification standards and does not mean that a facility’s supply is Green-e® Certified. The CRS Listed™ and Green-e® name and symbol are trademarks owned and licensed 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 Front Half or FH, RECs acceptable for delivery are those that were issued for generation occurring in the first six calendar months of the specified vintage year.
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
TXF
Logical
TXF
GMI (FC)
ION A.C.N.
Symbol Code
TXF