The true-up period for purchasing 2009 New Jersey SRECs ends 9/30/09. This means that buyers will only be purchasing these SRECs (generation prior to June 1, 2009) through the end of the month. Our next auction is on October 2nd and will not include any 2009 NJ SRECs. However, we will arrange a special sale for any remaining 2009 SRECs before the end of September. Please contact us at 877-466-4606 if you still have 2009 NJ SRECs.
TweetAs the New Jersey market grows, the need to secure streams of SRECs over the course of the next few years is becoming increasingly important. We are often approached about long-term contracts by sellers interested in securing a fixed price. In the past, this option was not appealing because it lacked the flexibility that the spot market provided when SREC values soared. The spot market on SRECTrade has provided a valuable resource for selling SRECs on the short-term, however, we are now looking forward to providing an additional option for all sellers on SRECTrade.
The ultimate goal with this offering is to provide options. We are working with buyers to offer different contracts at fair prices, right next to same spot market that many flocked to in order to avoid unfair long-term contracts. We hope the existence of options and choice will ultimately create a vibrant market for SRECs at SRECTrade.
If you are interested in the long-term SREC contracts, please feel free to email us at EasyREC@srectrade.com.
TweetSustainable Energy Fund, a Lehigh Valley-based non-profit organization that invests in renewable energy projects, energy efficiency projects, and energy education initiatives, announces a limited-time grant opportunity for small businesses in PA. Must be within the PPL Electric Utilities territory, and if the project yields at least a measurable 15% increase in energy efficiency, a business may be eligible for up to $20,000. Only one grant may be submitted per contractor or grant-seeking entity. Retrofits of existing buildings, ventilation systems, windows, automated control systems, lighting, or deployment of renewable energy technologies.
To view the entire program qualifications and eligiblilty, or to download an application, please visit www.thesef.org.
TweetThe Pennsylvania Public Utility Commission recently approved the purchase of up to 8,000 SRECs annually in ten-year contracts. Plans are being finalized for the implementation of the RFP. Unfortunately, this plan is geared towards larger installations since your system must be able to produce at least 300 SRECs a year in order to participate. This means that the RFP is only available to solar systems above approximately 250 kW, so therefore it is not really going to do much to promote residential and small commercial solar. However, PECO must publish a weighted average price for winning bids which should signal the market as to where prices will trade.
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