APPENDIX C –

REPORTING LEVELS, POSITION ACCOUNTABILITY LEVELS AND 

POSITION LIMITS

Reporting levels, position accountability levels and position limits for Nodal Contracts are 

available at www.nodalexchange.com. 

Power and environmental contracts must be in compliance with spot month position limits 

as of the close of trading on the trading day preceding the first day of the calendar month 

covered by the expiry. The Henry Hub natural gas contract must be in compliance with 

spot month positions at the close of trading three business days prior to the last day of 

trading in the NYMEX Henry Hub (NG) contract.

Exhibit C: November 16th, 2018 Addition to Nodal Exchange Reporting Levels, 

Accountability Levels and Position Limits
Physical Commodity Code Contract Name Reporting Level Spot Month Position 

Limit (Lots)

Single Month 

Accountability 

Level (Lots)

All Month 

Accountability Level 

(Lots)

Aggregation 

Group*

WCA CCA V17 Future 25 25,000                 25,000 30,000 

WCB CCA V18 Future 25 25,000                 25,000 30,000 

WCC CCA V19 Future 25 25,000                 25,000 30,000 

WCD CCA V20 Future 25 25,000                 25,000 30,000 

WCE CCA V21 Future 25 25,000                 25,000 30,000 

WSA CCA Specific V17 Future 25 7,500                   7,500 7,500 

WSB CCA Specific V18 Future 25 10,000                 10,000 10,000 

WSC CCA Specific V19 Future 25 4,500                   4,500 4,500 

WSD CCA Specific V20 Future 25 4,500                   4,500 4,500 

WSE CCA Specific V21 Future 25 4,500                   4,500 4,500 

RGA RGGI V17 Future 25 25,000                 25,000 40,000 

RGB RGGI V18 Future 25 25,000                 25,000 40,000 

RGC RGGI V19 Future 25 25,000                 25,000 40,000

RGD RGGI V20 Future   25 25,000                25,000 40,000 

RGE RGGI V21 Future 25   25,000                 25,000 40,000 

NSA NJ SREC V17 Future 25   45,000                 45,000 45,000 

NSB NJ SREC V18 Future 25   45,000                 45,000 45,000 

NSC NJ SREC V19 Future 25   45,000                 45,000 45,000 

NSD NJ SREC V20 Future 25   45,000                 45,000 45,000 

NSE NJ SREC V21 Future 25   45,000                 45,000 45,000 

NSF NJ SREC V22 Future 25   45,000                 45,000 45,000 

NSG NJ SREC V23 Future 25   45,000                 45,000 45,000 

NSH NJ SREC V24 Future 25   45,000                 45,000 45,000 

PMA PJM Tri-Qual REC Class 1 V17 Future 25   42,500                 42,500 42,500 

PMB PJM Tri-Qual REC Class 1 V18 Future 25   42,500                 42,500 42,500 

PMC PJM Tri-Qual REC Class 1 V19 Future 25   42,500                 42,500 42,500 

PMD PJM Tri-Qual REC Class 1 V20 Future 25   42,500                 42,500 42,500 

PME PJM Tri-Qual REC Class 1 V21 Future   25 42,500                42,500 42,500 

PMF PJM Tri-Qual REC Class 1 V22 Future 25   42,500                 42,500 42,500 

PMG PJM Tri-Qual REC Class 1 V23 Future 25   42,500                 42,500 42,500 

PMH PJM Tri-Qual REC Class 1 V24 Future 25   42,500                 42,500 42,500 

NZA CSAPR NOX Ozone Szn Grp2 V17 Future 25   4,000                   4,000 4,000 

NZB CSAPR NOX Ozone Szn Grp2 V18 Future 25   4,000                   4,000 4,000 

NOA CSAPR TR NOx Annual V17 Future 25   6,000                   6,000 6,000 

NOB CSAPR TR NOx Annual V18 Future 25   6,000                   6,000 6,000 

S1A CSAPR TR SO2 Group 1 V17 Future 25   10,000                 10,000 10,000 

S1B CSAPR TR SO2 Group 1 V18 Future 25   10,000                 10,000 10,000 

S2A CSAPR TR SO2 Group 2 V17 Future 25   5,000                   5,000 5,000 

S2B CSAPR TR SO2 Group 2 V18 Future 25   5,000                   5,000 5,000 

RCA CT REC Class 1 V17 Future 25   17,500                 17,500 17,500 

RCB CT REC Class 1 V18 Future 25   17,500                 17,500 17,500 

RCC CT REC Class 1 V19 Future 25   17,500                 17,500 17,500

RCD CT REC Class 1 V20 Future 25   17,500                17,500 17,500 

RCE CT REC Class 1 V21 Future 25   17,500                 17,500 17,500 

RCF CT REC Class 1 V22 Future 25   17,500                 17,500 17,500 

RCG CT REC Class 1 V23 Future 25   17,500                 17,500 17,500 

MAA MA REC Class 1 V17 Future 25   15,000                 15,000 15,000 

MAB MA REC Class 1 V18 Future 25   15,000                 15,000 15,000 

MAC MA REC Class 1 V19 Future 25   15,000                 15,000 15,000 

MAD MA REC Class 1 V20 Future 25   15,000                 15,000 15,000 

MAE MA REC Class 1 V21 Future 25   15,000                 15,000 15,000 

MAF MA REC Class 1 V22 Future 25   15,000                 15,000 15,000 

MAG MA REC Class 1 V23 Future 25   15,000                 15,000 15,000 

MCA MA SREC Carve Out II V17 Future 25 4,000                   4,000 4,000 

MCB MA SREC Carve Out II V18 Future 25 4,000                   4,000 4,000 

MCC MA SREC Carve Out II V19 Future 25 4,000                   4,000 4,000 

MCD MA SREC Carve Out II V20 Future   25 4,000                  4,000 4,000 

Exhibit C: November 16th, 2018 Addition to Nodal Exchange Reporting Levels, Accountability Levels and 

Position Limits

Page 1 of 3 - Rev 11/16/2018
Physical Commodity Code Contract Name Reporting Level Spot Month Position 

Limit (Lots)

Single Month 

Accountability 

Level (Lots)

All Month 

Accountability Level 

(Lots)

Aggregation 

Group*

MCE MA SREC Carve Out II V21 Future 25   4,000                   4,000 4,000 

MCF MA SREC Carve Out II V22 Future 25   4,000                   4,000 4,000 

MCG MA SREC Carve Out II V23 Future 25   4,000                   4,000 4,000 

NJA NJ REC Class 1 V17 Future 25 47,500                 47,500 47,500 

NJB NJ REC Class 1 V18 Future 25 47,500                 47,500 47,500 

NJC NJ REC Class 1 V19 Future 25 47,500                 47,500 47,500 

NJD NJ REC Class 1 V20 Future 25 47,500                 47,500 47,500 

NJE NJ REC Class 1 V21 Future 25 47,500                 47,500 47,500 

NJF NJ REC Class 1 V22 Future 25 47,500                 47,500 47,500 

NJG NJ REC Class 1 V23 Future 25 47,500                 47,500 47,500 

MRA MD SREC V17 Future 25 12,000                 12,000 12,000 

MRB MD SREC V18 Future 25 12,000                 12,000 12,000 

MRC MD SREC V19 Future 25 12,000                 12,000 12,000 

MRD MD SREC V20 Future 25 12,000                 12,000 12,000 

MRE MD SREC V21 Future 25   12,000                12,000 12,000 

MRF MD SREC V22 Future 25   12,000                 12,000 12,000 

MRG MD SREC V23 Future 25   12,000                 12,000 12,000 

MDA MD REC Tier 1 V17 Future 25 22,500                 22,500 22,500 

MDB MD REC Tier 1 V18 Future 25 22,500                 22,500 22,500 

MDC MD REC Tier 1 V19 Future 25 22,500                 22,500 22,500 

MDD MD REC Tier 1 V20 Future 25 22,500                 22,500 22,500 

MDE MD REC Tier 1 V21 Future 25 22,500                 22,500 22,500 

MDF MD REC Tier 1 V22 Future 25 22,500                 22,500 22,500 

MDG MD REC Tier 1 V23 Future 25 22,500                 22,500 22,500 

MSA MA SREC V17 Future 25 10,000                 10,000 10,000 

MSB MA SREC V18 Future 25 10,000                 10,000 10,000 

MSC MA SREC V19 Future 25 10,000                 10,000 10,000 

MSD MA SREC V20 Future 25 10,000                 10,000 10,000 

MSE MA SREC V21 Future 25 10,000                 10,000 10,000 

MSF MA SREC V22 Future 25   10,000                10,000 10,000 

MSG MA SREC V23 Future 25   10,000                 10,000 10,000 

NPA NP Dual-Qual REC Class 1 V17 Future 25 15,000                 15,000 15,000 

NPB NP Dual-Qual REC Class 1 V18 Future 25 15,000                 15,000 15,000 

NPC NP Dual-Qual REC Class 1 V19 Future 25 15,000                 15,000 15,000 

NPD NP Dual-Qual REC Class 1 V20 Future 25 15,000                 15,000 15,000 

NPE NP Dual-Qual REC Class 1 V21 Future 25 15,000                 15,000 15,000 

NPF NP Dual-Qual REC Class 1 V22 Future 25 15,000                 15,000 15,000 

NPG NP Dual-Qual REC Class 1 V23 Future 25 15,000                 15,000 15,000 

PAA PA AEC Tier 1 V17 Future 25 22,500                 22,500 22,500 

PAB PA AEC Tier 1 V18 Future 25 22,500                 22,500 22,500 

PAC PA AEC Tier 1 V19 Future 25 22,500                 22,500 22,500 

PAD PA AEC Tier 1 V20 Future 25 22,500                 22,500 22,500 

PAE PA AEC Tier 1 V21 Future 25 22,500                 22,500 22,500 

PAF PA AEC Tier 1 V22 Future 25   22,500                22,500 22,500 

PAG PA AEC Tier 1 V23 Future 25   22,500                 22,500 22,500 

PSA PA SAEC V17 Future 25 10,000                 10,000 10,000 

PSB PA SAEC V18 Future 25 10,000                 10,000 10,000 

PSC PA SAEC V19 Future 25 10,000                 10,000 10,000 

PSD PA SAEC V20 Future 25 10,000                 10,000 10,000 

PSE PA SAEC V21 Future 25 10,000                 10,000 10,000 

PSF PA SAEC V22 Future 25 10,000                 10,000 10,000 

PSG PA SAEC V23 Future 25 10,000                 10,000 10,000 

TXA TX Cmplnc REC Specific V17 Future 25 5,000                   7,500 15,000 

TXB TX Cmplnc REC Specific V18 Future 25 5,000                   7,500 15,000 

TXC TX Cmplnc REC Specific V19 Future 25 5,000                   7,500 15,000 

NBC NJ REC Class 1 V19 Bankable Future 25 47,500                 47,500 47,500  324

NBD NJ REC Class 1 V20 Bankable Future 25 47,500                 47,500 47,500  324

NBE NJ REC Class 1 V21 Bankable Future 25 47,500                 47,500 47,500  324

NBF NJ REC Class 1 V22 Bankable Future 25   47,500                47,500 47,500  324

NBG NJ REC Class 1 V23 Bankable Future 25   47,500                 47,500 47,500  324

MBC MD REC Tier 1 V19 Bankable Future 25   22,500                 22,500 22,500  325

MBD MD REC Tier 1 V20 Bankable Future 25   22,500                 22,500 22,500  325

MBE MD REC Tier 1 V21 Bankable Future 25   22,500                 22,500 22,500  325

Page 2 of 3 - Rev 11/16/2018
Physical Commodity Code Contract Name Reporting Level Spot Month Position 

Limit (Lots)

Single Month 

Accountability 

Level (Lots)

All Month 

Accountability Level 

(Lots)

Aggregation 

Group*

MBF MD REC Tier 1 V22 Bankable Future 25   22,500                 22,500 22,500  325

MBG MD REC Tier 1 V23 Bankable Future 25   22,500                 22,500 22,500  325

PBC PA AEC Tier 1 V19 Bankable Future 25   22,500                 22,500 22,500  326

PBD PA AEC Tier 1 V20 Bankable Future 25   22,500                 22,500 22,500  326

PBE PA AEC Tier 1 V21 Bankable Future 25   22,500                 22,500 22,500  326

PBF PA AEC Tier 1 V22 Bankable Future 25   22,500                 22,500 22,500  326

PBG PA AEC Tier 1 V23 Bankable Future 25   22,500                 22,500 22,500  326

* In addition to the individual position limit of each contract, Nodal Exchange has a separate algorithm to check the combined position limit of contracts within the same

aggregation group.

** For Options expiring during, or at the close of, the Underlying Contract's delivery period, the combined Underlying Contract and futures-equivalent Options position

will be subject to the position limit established for the Underlying Contract.

*** Reporting Level for Option is 25.

Page 3 of 3 - Rev 11/16/2018