Today, the Massachusetts Department of Energy Resources (DOER) announced preliminary numbers for the 2015 SREC-I obligation. Assuming no changes, the 2015 SREC-I obligation will be 909,837 SRECs. The announcement can be found here.
In Massachusetts, the SREC compliance obligation, the amount of SRECs power suppliers are required to purchase in any given year, is determined by a formula that takes in to account the amount of SRECs to be generated, SRECs banked from previous periods, and the number of SRECs deposited and purchased in the Solar Credit Clearinghouse Auction (SCCA). For the 2013 compliance period, 138,685 SRECs were deposited in the SCCA. If the SCCA does not clear in the first or second round, the preliminary 2015 compliance requirement will increase by a multiple 2 times the number of deposited SRECs. The first round of the 2013 SCCA will begin on Tuesday, July 29, 2014. For more information on the SCCA and the auction schedule click here.
For more details on how the 2015 compliance obligation was calculated click here: Preliminary Determination of CY 2015 Total Compliance Obligation and Minimum Standard
The table below demonstrates the 2015 compliance obligation if the SCCA clears in the first or second round or if the auction goes to the third round:
UPDATE: The DOER revised the 2015 SREC-I Minimum Standard percentage numbers on July 10, 2014. The DOER did not adjust the SREC compliance numbers. Original email can be found here. Please see the revised percentages below.
