Methane Performance Certificate Spot Contract
Description
The Methane Performance Certificate (less than 0.1 percent methane emissions intensity) (“MPC.1”) Spot Contract represents a standardized, cleared contract for immediate physical delivery of eligible Methane Performance Certificate(s) (“MPC.1”) (A) issued and verified under the Quantification Framework for Digital Natural Gas and Methane Performance Certificates (see Schedule 1 of the Digital Fuels Program), and (B) substantiated by underlying Digital Natural Gas units with certified attributes meeting the less than 0.1 percent methane emissions intensity Screening Criteria established in Operating Schedule No. 3 to the Standard Instruments Program.
Product Code
MPC_.1_v21
Clearing & Settlement
Products associated with Contracts that are the subject of Transactions are pre-cleared and physically settled through Market Operator’s Payment versus Delivery Clearing and Settlement structure. Asset Units are delivered on a spot basis (intra-day based on netted end of day positions) into the Participant’s Market Registry Account, an account exclusively dedicated for use in connection with the Market.
Lot Size
2,500 MPC
Minimum Price Fluctuation
The price convention shall be $0.001 per MPC
Registry
Xpansiv DF Registry
Market
Trading Hours
Market Open: 08:30 – 16:00 Eastern Time Monday through Friday on U.S. Business Days