- Trading Screen Product Name
- REC-PA Futures
- Trading Screen Hub Name
- REC-PA CII
- Contract Symbol
PCT
- Settlement Method
Physical delivery
- Contract Size
100 MWh representing 100 qualifying Tier II 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
Pennsylvania Tier II RECs eligible for delivery are those
representing Tier II alternative energy sources (as defined in
Pennsylvania Statutes Title 73 P.S. Trade and Commerce §
1648.2) which are eligible to meet the Tier II alternative energy
source requirement of the Pennsylvania Alternative Energy Portfolio
Standards Act as specified in Pennsylvania Statutes Title 73
Chapter 18F and issued by PJM GATs having a vintage or energy year
designation that corresponds to the specified vintage of the
expiring contract.
- Registry
PJM GATS
- MIC Code
- IFED
- Clearing Venues
- ICEU