ICE Pennsylvania Compliance Alternative Energy Credit Tier I Prior Year Future

Physically delivered Pennsylvania Tier I Alternative Energy Credit (“Pennsylvania Tier I REC”) where a Pennsylvania Tier I REC is an electronic certificate issued by PJM GATS for qualifying generation.
== Contract Specs ==
Pennsylvania Compliance Alternative Energy Credit Tier I Prior Year Future	Pennsylvania Compliance Alternative Energy Credit Tier I Prior Year Future 	Pennsylvania Compliance Alternative Energy Credit Tier I Prior Year Future 	Pennsylvania Compliance Alternative Energy Credit Tier I Prior Year Future
Trading Screen Product Name 	REC-PA Futures 	REC-PA Futures 	REC-PA Futures
Trading Screen Hub Name 	REC-PA CI PY 	REC-PA CI PY 	REC-PA CI PY
Contract Symbol 	PAY 	PAY 	PAY
Settlement Method 	Physical delivery 	Physical delivery 	Physical delivery
Contract Size 	100 MWh representing 100 Tier I RECs 	100 MWh representing 100 Tier I RECs 	100 MWh representing 100 Tier I RECs
Currency 	USD 	USD 	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. 	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. 	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 	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 	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. 	Three Business Days prior to the last Business Day of the delivery month. 	Three Business Days prior to the last Business Day of the delivery month.
Deliverable Instruments 	Pennsylvania Tier I RECs eligible for delivery are those which are eligible to meet the Tier 1 renewable energy requirement in the state of Pennsylvania. The requirements are specified in Pennsylvania Statues Title 73 Chapter 18F and issued by PJM GATS having a vintage year designation that corresponds to the specified vintage of the expiring contract.	Pennsylvania Tier I RECs eligible for delivery are those which are eligible to meet the Tier 1 renewable energy requirement in the state of Pennsylvania. The requirements are specified in Pennsylvania Statues Title 73 Chapter 18F and issued by PJM GATS having a vintage year designation that corresponds to the specified vintage of the expiring contract.	Pennsylvania Tier I RECs eligible for delivery are those which are eligible to meet the Tier 1 renewable energy requirement in the state of Pennsylvania. The requirements are specified in Pennsylvania Statues Title 73 Chapter 18F and issued by PJM GATS having a vintage year designation that corresponds to the specified vintage of the expiring contract.
Registry 	PJM GATS 	PJM GATS 	PJM GATS
MIC Code 	IFED 	IFED 	IFED
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	7:50 PM - 6:00 PM
19:50 - 18:00 	7:40 PM
19:40
Trading Hours 	LONDON 	12:50 AM - 11:00 PM
00:50 - 23:00 	12:40 AM
00:40
Trading Hours 	SINGAPORE 	7:50 AM - 6:00 AM
07:50 - 06:00 	7:40 AM
07:40
Trading Hours 	*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday 	*Next Day
Sunday Pre-Open 5:40 PM ET; Closed on Saturday
Codes 	Clearing Admin Name 	REC-PA C1 	REC-PA C1
Codes 	Physical 	PAY 	PAY
Codes 	Logical 	PAY 	PAY
Codes 	GMI (FC) 	PL 	PL
Codes 	ION A.C.N. 	None 	None
== Notes ==
== References ==
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Category:US Environmental Futures
Category:Futures Contracts Traded on ICE
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