ICE NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I

Physically delivered Class I Renewable Energy Certificates (“NEPOOL Class I REC”) where a NEPOOL Class I REC is an electronic certificate issued by the NEPOOL GIS system for generation simultaneously qualifying for the Massachusetts Class I and Connecticut Class I portions of the Renewable Portfolio Standard programs.
NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Futures	NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Futures 	NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Futures 	NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Futures
Trading Screen Product Name 	REC-NEPOOL Futures 	REC-NEPOOL Futures 	REC-NEPOOL Futures
Trading Screen Hub Name 	REC-NEPOOL CI 	REC-NEPOOL CI 	REC-NEPOOL CI
Contract Symbol 	NER 	NER 	NER
Settlement Method 	Physical delivery 	Physical delivery 	Physical delivery
Contract Size 	100 MWh representing 100 Class I RECs 	100 MWh representing 100 Class I RECs 	100 MWh representing 100 Class 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 	RECs eligible for delivery are those that simultaneously qualify in Massachusetts and Connecticut as specified.
Massachusetts Class I RECs eligible for delivery are those representing Class I renewable energy (defined in Massachusetts General Law c.25A, 11F(c)) eligible to meet the Class I requirement of the Renewable Energy Portfolio Standard promulgated under Massachusetts General Law c.25A 11F and issued by NEPOOL GIS having a vintage or energy year designation that corresponds to the specified vintage of the expiring contract
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 or energy year designation that corresponds to the specified vintage of the expiring contract.	RECs eligible for delivery are those that simultaneously qualify in Massachusetts and Connecticut as specified.
Massachusetts Class I RECs eligible for delivery are those representing Class I renewable energy (defined in Massachusetts General Law c.25A, 11F(c)) eligible to meet the Class I requirement of the Renewable Energy Portfolio Standard promulgated under Massachusetts General Law c.25A 11F and issued by NEPOOL GIS having a vintage or energy year designation that corresponds to the specified vintage of the expiring contract
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 or energy year designation that corresponds to the specified vintage of the expiring contract.	RECs eligible for delivery are those that simultaneously qualify in Massachusetts and Connecticut as specified.
Massachusetts Class I RECs eligible for delivery are those representing Class I renewable energy (defined in Massachusetts General Law c.25A, 11F(c)) eligible to meet the Class I requirement of the Renewable Energy Portfolio Standard promulgated under Massachusetts General Law c.25A 11F and issued by NEPOOL GIS having a vintage or energy year designation that corresponds to the specified vintage of the expiring contract
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 or energy year designation that corresponds to the specified vintage of the expiring contract.
Registry 	NEPOOL GIS 	NEPOOL GIS 	NEPOOL GIS
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 	8:50 AM - 7:00 AM
08:50 - 07:00 	8:40 AM
08:40
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-NEPOOL C1 	REC-NEPOOL C1
Codes 	Physical 	NER 	NER
Codes 	Logical 	NER 	NER
Codes 	GMI (FC) 	JQ 	JQ
Codes 	ION A.C.N. 	None 	None
NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Options	NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Options 	NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Options 	NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Options
Trading Screen Product Name 	REC-NEPOOL Futures 	REC-NEPOOL Futures 	REC-NEPOOL Futures
Trading Screen Hub Name 	REC-NEPOOL CI 	REC-NEPOOL CI 	REC-NEPOOL CI
Contract Symbol 	NER 	NER 	NER
Settlement Method 	Exercise into underlying Futures Contract 	Exercise into underlying Futures Contract 	Exercise into underlying Futures Contract
Contract Size 	1 NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Future contract 	1 NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Future contract 	1 NEPOOL Dual Qualified Compliance Renewable Energy Certificate Class I Future contract
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.
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.	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.	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.	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.	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. 	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. 	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.
Exercise 	Exercise Time 5:30 pm EPT on the Last Trading Day 	Exercise Time 5:30 pm EPT on the Last Trading Day 	Exercise Time 5:30 pm EPT on the Last Trading Day
Registry 	NEPOOL GIS 	NEPOOL GIS 	NEPOOL GIS
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 	8:50 AM - 7:00 AM*
08:50 - 07:00 	8:40 AM
08:40
Trading Hours 	*Next Day 	*Next Day 	*Next Day
Codes 	Clearing Admin Name 	REC-NEPOOL C1 	REC-NEPOOL C1
Codes 	Physical 	NER 	NER
Codes 	Logical 	NER 	NER
Codes 	GMI (FC) 	JQ 	JQ
Codes 	ION A.C.N. 	None 	None
== Notes ==
==References==
==Resources==
ICE Massachusetts Solar Renewable Energy Certificate Carve Out II Product Spec
ICE Option on Massachusetts Solar Renewable Energy Certificate Carve Out II Product Spec
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