Environmental Products on Nodal Exchange

IncubEx works with Nodal Exchange to offer the most expansive set of environmental products across North America

Summary List of Products & Key Details

Emissions

California Carbon 

Product

Futures Vintages

Options Vintages

California Carbon Allowances

2017-2025

2017-2025

California Carbon Allowances Vintage Specific

2017-2023

2017-2023

CSAPR

Product

Futures Vintages

Options Vintages

Cross-State Air Pollution Rule TR NOx

2019

2019

Cross-State Air Pollution Rule Ozone

2019

2019

Cross-State Air Pollution Rule TR SO2 Group I

2019

2019

Cross-State Air Pollution Rule TR SO2 Group II

2019

2019

RGGI

Product

Futures Vintages

Options Vintages

Regional Greenhouse Gas Initiative Allowances

2017-2025

2017-2025

Renewable energy certificates

NEPOOL

Product

Futures Vintages

Options Vintages

Only Available on Nodal Exchange

Connecticut Class I RECs

2018-2030

2018-2025

Connecticut Class II RECs

2018-2025

Nodal Only

Connecticut Class III RECs

2018-2025

Nodal Only

Massachusetts Class I RECs

2018-2030

2018-2025

Massachusetts Class II RECs (Non-WTE)

2018-2025

Nodal Only

Massachusetts Class II WTE RECs

2019-2025

Nodal Only

Massachusetts APS RECs

2019-2025

Nodal Only

Massachusetts Solar I RECs

2018-2024

2018-2024

Massachusetts Solar Carve Out II RECs

2018-2025

2018-2025

NEPOOL Dual Qualified RECs

2018-2030

2018-2025

New Hampshire Class I RECs

2018-2025

Nodal Only

New Hampshire Class III RECs

2018-2025

Nodal Only

Rhode Island New RECs

2018-2025

Nodal Only

Maine Class I RECs

2018-2025

Nodal Only

PJM

Product

Futures Vintages

Options Vintages

Only Available on Nodal Exchange

Maryland Tier I RECs Vintage Specific

2019-2030

2019-2030

Maryland Tier I RECs Bankable

2019-2025

2019-2025

Maryland Solar RECs

2019-2025

2019-2025

New Jersey Class I RECs Vintage Specific

2019-2030

2018-2030

New Jersey Class I RECs Bankable

2019-2025

2019-2025

New Jersey Class II RECs Futures

2021-2025

Nodal Only

New Jersey Solar RECs

2019-2025

2018-2025

Pennsylvania Tier I Alternative Energy Certificates Vintage Specific

2019-2030

2018-2030

Pennsylvania Tier I Alternative Energy Certificates Bankable

2019-2025

2019-2025

Pennsylvania Tier II Alternative Energy Certificate

2019-2025

Nodal Only

Pennsylvania Solar Alternative Energy Certificates

2019-2025

2018-2025

PJM Tri-Qualified RECs

2018-2030

2018-2026

District of Columbia Tier I RECs

2019-2025

Nodal Only

District of Columbia Solar RECs

2019-2025

Nodal Only

Ohio Non-Solar RECs

2019-2025

Nodal Only

Ohio Solar RECs

2019-2023

Nodal Only

ERCOT

Product

Futures Vintages

Options Vintages

Only Available on Nodal Exchange

Texas Compliance RECs

2017-2030

2017-2030

Texas Compliance REC from CRS Listed Facilities – Vintage Specific Back Half

2019-2030

Nodal Only

Texas Compliance REC from CRS Listed Facilities – Vintage Specific Front Half

2019-2030

Nodal Only

Renewable Fuels

California

Product

Futures Vintages

Options Vintages

Only Available on Nodal Exchange

California Low Carbon Fuel Standard Future

N/A

Nodal Only

Oregon

Product

Futures Vintages

Options Vintages

Only Available on Nodal Exchange

Oregon Clean Fuels Future Program

N/A

Nodal Only

All Product descriptions and information are provided for illustrative purposes only. For official contract specifications, please visit the Nodal Exchange website.

Map of Environmental Products on Nodal Exchange

Key Benefits of Trading on Nodal Exchange

IncubEx works with our partner Nodal Exchange, which lists the most expansive suite of environmental products in North America. Customer benefits include:

  • Broadest exchange suite of REC futures contracts
  • More efficient physical delivery process
  • Letters of credit available as collateral against Initial Margin requirements
  • Capital efficiency potential through Portfolio (VAR based) margining
  • Products listed and cleared alongside Nodal’s existing power and gas product suite
  • Competitive transaction costs
  • No membership or market data fees
  • Experienced team dedicated to product development and customer support
  • Effective hedging for North American carbon markets
  • Clear counter-party risk through Nodal Clear

More Resources and Information

More About IncubEx

Learn about IncubEx, our mission and our dedicated team

Product Resources

Find more information for all our environmental products including materials to download

European Products List

View the complete list of environmental products listed