ICE Connecticut Compliance Renewable Energy Certificate Class I
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Physically delivered Connecticut Class I Renewable Energy Certificates (“Connecticut Class I REC”) where a Connecticut Class I REC is an electronic certificate issued by the NEPOOL GIS for qualifying generation.
| Connecticut Compliance Renewable Energy Certificate Class I Futures | |||
|---|---|---|---|
| Trading Screen Product Name | REC-CT Futures | ||
| Trading Screen Hub Name | REC-CT CI | ||
| Contract Symbol | CTT | ||
| Settlement Method | Physical delivery | ||
| Contract Size | 100 MWh representing 100 Class 1 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. | ||
| Deliverable Instruments | Connecticut Class I RECs eligible for delivery are those representing Class I renewable energy (defined in General Statutes of Connecticut, Title 16, c. 277, §16-1(26)) eligible to meet Class I requirement of the Renewable Energy Portfolio Standard promulgated under General Statutes of Connecticut (Title 16, c. 283, §16-245a) and issued by NEPOOL GIS having a vintage year designation that corresponds to the specified vintage of the expiring contract.. | ||
| Registry | NEPOOL GIS | ||
| MIC Code | IFED | ||
| Clearing Venues | ICEU | ||
| 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 | 8:50 AM - 7:00 AM
08:50 - 07:00 |
8:40 AM
08:40 | |
| *Next Day | |||
| Codes | Clearing Admin Name | REC-CT C1 | |
| Physical | CTT | ||
| Logical | CTT | ||
| GMI (FC) | JO | ||
| ION A.C.N. | None | ||
| Connecticut Compliance Renewable Energy Certificate Class I Options | |||
|---|---|---|---|
| Trading Screen Product Name | REC-CT Futures | ||
| Trading Screen Hub Name | REC-CT CI | ||
| Contract Symbol | CTT | ||
| Settlement Method | Exercise into Underlying Futures Contract | ||
| Contract Size | 1 Connecticut Compliance Renewable Energy Certificate Class I Future contract | ||
| 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. | ||
| Strike Price Intervals | A minimum of ten Strike Prices in increments of $0.25 above and below the at-the-money Strike Price. Strike Price boundaries are adjusted according to futures price movements. User-defined Strike Prices are allowed in $0.25 increments. | ||
| Listing Cycle | 1. Standard-cycle contract listings: Monthly contract sets through the current Year and forward up to 10 consecutive Years.
2. The Exchange may list any other calendar month contract set off the standard-cycle listing schedule through the last expiring contract set. | ||
| Last Trading Day | At 4:00 pm EPT on the 15th calendar day of the delivery month. Where the 15th calendar day is not a Business Day, the Last Trading Day shall be the first Business Day following the 15th calendar day of the delivery month. | ||
| Option Style | European | ||
| Exercise | Automatic
Exercise Time 5:30 pm EPT on the Last Trading Day | ||
| Registry | NEPOOL GIS | ||
| MIC Code | IFED | ||
| Clearing Venues | ICEU | ||
| Trading Hours | CITY | TRADING | PRE-OPEN |
| NEW YORK | 7:50 AM - 6:00 PM
07:50 - 18:00 |
7:40 AM
07:40 | |
| LONDON | 12:50 PM - 11:00 PM
12:50 - 23:00 |
12:40 PM
12:40 | |
| SINGAPORE | 8:50 PM - 7:00 AM
20:50 - 07:00 |
8:40 PM
20:40 | |
| Codes | Clearing Admin Name | REC-CT C1 | |
| Physical | CTT | ||
| Logical | CTT | ||
| GMI (FC) | JO | ||
| ION A.C.N. | None | ||
Notes[edit]
References[edit]
Resources[edit]
ICE Connecticut Compliance Renewable Energy Certificate Class I Product Spec
ICE Option on Connecticut Compliance Renewable Energy Certificate Class I Product Spec