Archive for the ‘SREC Markets’ Category

IL Adjustable Block Program Application Training Webinar

Posted December 5th, 2018 by SRECTrade.

SRECTrade, Inc. will be hosting a webinar to review the SRECTrade application and onboarding process for the upcoming Illinois Adjustable Block Program (ABP) on Thursday, December 13th, at 10:00am CST.

To register for the webinar, please click HERE.

SRECTrade is also targeting December 13th as the opening of its ABP application window.

Please note that a webinar recording will be made available on the SRECTrade Blog after the webinar.

Washington D.C. City Council Advances CleanEnergy Omnibus Bill to Second Reading

Posted November 29th, 2018 by SRECTrade.

On Tuesday November 27th, the District of Columbia City Council voted unanimously to advance the CleanEnergy DC Omnibus Amendment Act of 2018 to a second reading. Most notably, this bill increases the District’s renewable energy mandate to 100% by 2032 and solar energy mandate to 10% by 2041.

In summary the bill addresses the following:

  1. Increases the lifetime eligibility of SRECs from three to five years
  2. Requires electricity suppliers to submit annual compliance reports which include the number of exempt load contracts from the Renewable Energy Portfolio Expansion Amendment Act of 2016 and the CleanEnergy DC Omnibus Amendment Act of 2018, respectively, in calendar years 2019, 2020, 2021, and 2022
  3. Draws forward the solar carve out requirement schedule by two years and extends the Alternative Compliance Penalty (ACP) schedule as follows:


The bill also addresses emissions reductions in the transportation sector, requiring that all public transportation and fleet vehicles become electric by 2045.

The second reading is scheduled for December 18th. If the Council votes on confirming the bill, it will be sent to the Mayor’s desk, who will have 10 business days to sign, disapprove, or let the bill pass without her signature. Further amendments could be made to the bill over the next three weeks. SRECTrade will continue to update participants on any updates made to the bill and progress on any significant legislative proceedings.

MA SREC-II Application Deadlines and MA SMART Program Application Opens

Posted November 26th, 2018 by SRECTrade.

November 30, 2018 Update: Due to this email from the Massachusetts Department of Energy Resources (DOER) on October 12, 2018, SRECTrade had been operating under the premise that facilities larger than 25 kW DC could submit their SQA and mechanically complete documentation “by no later than December 10, 2018”. It has been brought to our attention that the mechanically complete extension applications for facilities larger than 25 kW DC had to have submitted an SQA application by November 26, 2018.

The December 10th deadline is for the mechanically complete document to be added to the existing SQA.

SRECTrade recommends that all affected facilities submit their SMART Initial Application Period applications by 11:59pm ET tonight, November 30th.

Today, November 26th, at 12:00pm ET, the Solar Massachusetts Renewable Target (SMART) Program application portal opens to begin accepting Statement of Qualification Applications. Solar Tariff Generation Units (STGUs) can then apply during the Initial Application Period, which will last until 11:59pm ET on November 30, 2018.

All applications received between 12:00pm ET on November 26th and 11:59pm ET on November 30th will be considered to have been received at the same time for the Capacity Block placement queue. All applications received on or after 12:00am ET on December 1, 2018 will be reviewed on a first-come, first-served basis.

On October 24, 2018, CLEAResult (the SMART Program Administrator), the Massachusetts Department of Energy Resources (DOER), and the stakeholder electric distribution companies hosted a webinar providing a demonstration of the SMART Program application portal and instructions on how to submit an application. A recording of the webinar is available here.

Please note that today, November 26th, is a significant deadline for all projects seeking SREC-II qualification. Today is the deadline for projects larger than 25 kW DC to achieve mechanical completion and the deadline for projects smaller than or equal to 25 kW DC to receive Permission to Operate (PTO). Projects larger than 25 kW DC have until December 10, 2018 to submit their Statement of Qualification application demonstrating mechanical completion by November 26th. Projects smaller than or equal to 25 kW DC have until February 15, 2019 to submit their Statement of Qualification application. For more information regarding SREC-II qualification and application deadlines, please visit our previous blog post here.

IL Adjustable Block Program Parameters – Webinar

Posted November 20th, 2018 by SRECTrade.

November 21, 2018 Edit: SRECTrade may require additional REC collateral beyond the standard 5.0% required in the Final Plan. This requirement is subject to being finalized pending review of the Approved Vendor-utility contracts. More information to be announced. Please see the final, updated presentation slides for additional information through the link below.

Earlier today, SRECTrade hosted a webinar covering the upcoming Illinois Adjustable Block Program (ABP). The presentation included requirements for applying facilities, Illinois Power Agency and SRECTrade fees, and an overview of many ABP facets.

SRECTrade will be announcing the opening of its application window at a later date. SRECTrade will also be hosting 1-2 additional webinars over the coming weeks to review consumer protection requirements and the SRECTrade onboarding process (webinar dates to be announced).

For access to the presentation slides, please click HERE. To view a video recording of the webinar, please click the image below.

Pennsylvania DEP Releases Final “Solar Future Plan”

Posted November 16th, 2018 by SRECTrade.

On November 15th, the Pennsylvania Department of Environmental Protection (DEP) released its final “Pennsylvania’s Solar Future Plan” which outlines strategies to increase solar powered generation in the state from 1% to 10% of total electric generation by 2030. In order to achieve this goal, the state would have to procure over 10 GW of solar capacity bringing statewide installed capacity from 350 MW to 11 GW.

The plan weighs the costs and benefits of two pathways to achieve their goal: having grid-supply solar represent either 65% or 90% of the total solar capacity. With the focus on job growth, land development, and cost of installment, the plan recognizes the higher costs associated with small distributed generation resources, but also projects more job growth and less land utilization. In either scenario, the DEP projects that 60,000 to 100,000 jobs would be created as a result of the Plan, with the 65% pathway creating jobs at the high end of that range.

Notably, with respect to distributed generation resources, the plan proposes an increase in the Alternative Energy Portfolio Standard (AEPS) to between 4 and 8 percent by 2030, as well as a carbon pricing program, which would be used to fund renewable energy and energy efficiency initiatives.

SRECTrade will continue to monitor legislative activity in Pennsylvania as it relates to solar development and provide updates accordingly.

IL Adjustable Block Program Parameters Webinar

Posted November 9th, 2018 by SRECTrade.

November 16th Edit: This webinar has been rescheduled for Tuesday, November 20th, at 3:00pm CST. Originally, the webinar was scheduled for November 20th at 1:00pm CST. Please note that a webinar recording will be made available on the SRECTrade Blog after the webinar.

SRECTrade, Inc. will be hosting a webinar to review the parameters for the upcoming Illinois Adjustable Block Program (ABP) on Tuesday, November 20th, at 3:00pm CST.

To register for the webinar, please click HERE.

SRECTrade is targeting to open its ABP application window in early December 2018.

For more information on the ABP, please visit our blog post on the topic here.

NJ BPU Issues Order Effecting 10-Year SREC Eligibility

Posted October 29th, 2018 by SRECTrade.

Earlier today, the New Jersey Board of Public Utilities (BPU) issued an order to clarify that all SREC applications submitted after October 29, 2018 will only receive 10 years of SREC eligibility.

This order means that all New Jersey Office of Clean Energy SREC Registration Program (SRP) applications submitted after 11:59pm ET today will be subject to 10 years of SREC eligibility instead of 15 years.

Please also note that applications received by the BPU for conditional certification pursuant to Subsection T prior to today’s deadline that fulfill all conditions established by the BPU shall receive 15-year SREC eligibility.

Since the May 23rd passage of Assembly Bill 3723 (AB-3723) and Senate Bill 2314 (SB-2314) to increase the state’s Renewable Portfolio Standard (RPS) requirements, there had been some confusion regarding when the effective date took place for the new 10-year eligibility period. Today’s NJ BPU order clarifies that confusion.

Illinois Adjustable Block Program Update

Posted October 22nd, 2018 by SRECTrade.

SRECTrade has been closely monitoring the development of the Illinois Adjustable Block Program (ABP) since the release of the draft Long-Term Renewable Resources Procurement Plan (LTRRPP). SRECTrade will be applying for the Approved Vendor role in the ABP on November 1st.

Below is a summary presentation of many high-level ABP parameters. Please note that many of the parameters described within are still subject to change and are in the process of being finalized.

Adjustable Block Program Overview – October 18, 2018

Please also see the table below for the final ABP REC prices that were released in the June 4, 2018 Appendix D ‐ REC Pricing Model Description.


SRECTrade will provide updates on additional ABP developments as the ABP parameters and on-boarding processes are finalized.

Massachusetts DOER Announces SMART Program Effective Date

Posted October 12th, 2018 by SRECTrade.

November 30, 2018 Update: Due to this email from the Massachusetts Department of Energy Resources (DOER) on October 12, 2018, SRECTrade had been operating under the premise that facilities larger than 25 kW DC could submit their SQA and mechanically complete documentation “by no later than December 10, 2018”. It has been brought to our attention that the mechanically complete extension applications for facilities larger than 25 kW DC had to have submitted an SQA application by November 26, 2018.

The December 10th deadline is for the mechanically complete document to be added to the existing SQA.

SRECTrade recommends that all affected facilities submit their SMART Initial Application Period applications by 11:59pm ET tonight, November 30th.

On Friday, October 12th, the Massachusetts Department of Energy Resources (DOER) announced that the Solar Massachusetts Renewable Target (SMART) Program effective date is November 26, 2018. November 26th is now the deadline for facilities larger than 25 kW DC to become mechanically complete and for facilities smaller than or equal to 25 kW DC to receive their Permission to Operate (PTO). On November 26th, at 12:00pm ET, the SMART Statement of Qualification application portal will open to begin accepting Statement of Qualification Applications for prospective Solar Tariff Generation Units (“STGU”) seeking to qualify under SMART.

Facilities larger than 25 kW DC will have until December 10, 2018 to submit their documentation demonstrating mechanical completion. Once granted, mechanically complete extensions are indefinite; facilities should simply submit their Permission to Operate (PTO) documents once received to complete their statement of qualification application. As a reminder, facilities can demonstrate mechanical completion by submitting one of the following documents:

  1. Certificate of Completion
  2. Proof that a wiring inspection has been scheduled by a date shortly after November 26, 2018
  3. Affidavit signed by engineer of record stating that project is “mechanically complete”
  4. Other documentation deemed satisfactory by DOER

Facilities smaller than or equal to 25 kW DC will have until February 15, 2019 to submit an application demonstrating authorization to interconnect. In other words, the PTO must be dated on or before November 26, 2018, but the DOER application can be submitted up through February 15, 2019.

Please note that SRECTrade typically asks for complete applications to be received five (5) business days in advance in order to guarantee submission by the DOER deadline.

SRECTrade to speak at REM 2018 – October 10, 2018

Posted October 8th, 2018 by SRECTrade.

SRECTrade’s CEO, Steven Eisenberg, will be moderating a panel at the Renewable Energy Markets (REM) conference on Wednesday, October 10th in Houston, TX. The panel, Scaling Up Solar, will be from 10:45 a.m. – 11:45 a.m. (CT). Solar veterans will discuss their recent experiences navigating the solar market and what is in store in the near future as solar establishes itself as a mainstay in the energy markets.

Panelists include:
Tom Hunt, Clean Energy Collective
Wade Hughes, Sacramento Municipal Utility District (SMUD)
Eva Molnar, Southern California Edison (SCE)
Matt Beasley, Silicon Ranch

A full conference agenda can be found here.