CCFE offers renewable energy certificate (REC) futures contracts on underlying compliance RECs and voluntary Green-e* eligible RECs. A REC represents the environmental attributes of one megawatt hour of renewable energy generation.  

Compliance REC markets are driven by renewable energy portfolio standards, state policies that require electricity providers to obtain a prescribed percentage of their energy from renewable sources by a specified date. Electricity providers can satisfy their Renewable Portfolio Standard (RPS) requirements through the direct generation of renewable energy, or by purchasing RECs. CCFE offers REC futures contracts for underlying RECs compliant with New Jersey, Connecticut and Massachusetts renewable portfolio standards.

Voluntary REC markets are used by organizations and businesses that purchase RECs voluntarily to offset the environmental impact of their energy consumption. CCFE has specified that voluntary RECs delivered under its contract terms must be designated eligible to meet the Green-e Energy National Standard, the leading voluntary certification program for renewable energy to ensure environmental and consumer protection in the marketing and sale of renewable energy attributes.

CCFE REC futures contracts for compliance markets and voluntary markets offer market participants an opportunity to trade RECs with price transparency and with the elimination of counterparty default risk.