Archive for the ‘SREC Markets’ Category

Metering Deep Dive: AC Metering at Electrical Panel

Posted March 25th, 2025 by SRECTrade.

Understanding the Requirements and Solutions 

As the demand for measuring energy consumption increases, particularly with the need to participate in the California Low Carbon Fuel Standard (LCFS), it has become imperative to explore advanced metering solutions. This blog post delves into the intricacies of AC metering for forklifts, offering insights into compliance and best practices. 

Why AC Metering Matters 

Forklift chargers primarily rely on three-phase power, which necessitates accurate measurement of energy consumption. To achieve this, a current transformer is required for each phase to monitor the current effectively. This precision is crucial for adhering to regulatory requirements and optimizing energy usage. 

Types of Meters and Their Capabilities 

The market offers a variety of meters, each with distinct capabilities: 

  • Multi-Item Meters: Meters like the eGauge can handle the metering of multiple items through a single device, making them ideal for comprehensive energy monitoring. 
  • Single-Item Meters: Other meters, such as the EKM, are designed to meter one item per device, providing focused and precise measurements. 

Voltage References

For each deployed meter, it’s required to have voltage references to measure the voltage accurately and power the meter. This step ensures the reliability and consistency of the data collected, which is crucial for making informed decisions about energy management. 

Optimizing Metering Solutions 

The most efficient metering strategy involves metering multiple forklift chargers at a single point: 

  • Single Point Metering: If an electrical panel serves multiple forklifts exclusively, it’s possible to meter at a single point within the panel. This approach simplifies the process and reduces costs. 
  • Branch Circuit Metering: When other items share the electrical panel with forklift chargers, each branch circuit with a charger must be metered individually. While this method provides detailed data, it can be more expensive. 

Cost Considerations 

Individually metering each forklift charger can become prohibitively expensive. Therefore, assessing the specific needs and configuration of your facility is crucial in choosing the most cost-effective metering solution. 

Turn-Key Metering Solutions 

For those seeking bespoke solutions, Anvil Monitor offers comprehensive services to deploy custom AC metering systems. Their expertise ensures that your metering setup is tailored to your unique requirements, providing accurate and reliable data. 

Next Steps

Reach out to your account executive at SRECTrade to learn more about how to implement effective AC metering solutions for your forklifts and stay compliant with the LCFS requirements. 

The timeline below will help you prepare for these upcoming changes: 

SREC Forklift Metering Customer Timeline:  

  • Q1 – 2025: Review metering options for your specific fleet  
  • Q2 – 2025: Install pilot project and/or make technology decision  
  • Q3 – 2025: Purchase and install metering solution   
  • Q4 – 2025: Ensure metering is reporting accurately and operating as expected 

Please reach out to your SRECTrade account executive with any questions.   

Metering Deep Dive: Anvil Remote Energy Monitors

Posted March 25th, 2025 by SRECTrade.

Simple Forklift Charging Monitoring with Real-time Analytics and Easy Installation 

Are you looking for the most cost-effective way to monetize your forklift charging while contributing to clean energy initiatives? Anvil Monitor’s Remote Energy Monitors (REM) offer the perfect solution. By leveraging cutting-edge technology, Anvil Monitor enables businesses to track, report, and capitalize on energy usage from electric forklift charging, unlocking new revenue opportunities through clean fuel program incentives. 

Anvil Monitor 

At Anvil Monitor, their mission is to deliver advanced monitoring solutions that track energy usage from forklift charging, enabling participation in clean fuel programs. Anvil’s REM technology allows companies to monitor and report electric forklift energy usage effortlessly, unlocking new revenue streams through incentives offered by clean fuel programs. 

Eligible Markets 

Anvil Monitor’s REM technology can benefit businesses across various regions with clean fuel programs, including: 

  • California: Low Carbon Fuel Standard (LCFS) 
  • Oregon: Clean Fuels Program (CFP) 
  • Washington: Clean Fuel Standard (CFS) 
  • Canada: Clean Fuel Regulation (CFR) 

REM Highlights 

Anvil Remote Energy Monitors offer several key features that make them indispensable for businesses aiming to optimize their energy usage and participate in clean fuel programs: 

  • Seamless Installation: Quick and simple installation of Anvil REMs ensures minimal disruption to your operations. 
  • Real-time Analytics: Monitor energy usage in real-time and report it for clean fuel programs with ease. 
  • Live Cloud Platform: Access your data anywhere through our intuitive web-based dashboard. 
  • Warranty: A one-year manufacturer warranty from the date of delivery ensures peace of mind. 

Technical Specifications 

Anvil’s REM technology is designed to track the energy (in kWh) used by each registered electric vehicle from the DC side of the forklift charger. Here are the key technical specifications: 

  • Wi-Fi: 802.11b/g/n 
  • Range: up to 200 meters (CLOS) 
  • Sensing & Operating Voltage: 10-80+VDC 
  • Current Sensing Range: 400A 
  • Size: L 3.64in x W 2.36in x H 1.10in (similar to the size of a deck of cards) 

Timeline for Implementation 

To ensure a smooth transition and optimal results, we provide a detailed implementation timeline: 

  • Q2-2025: Implement a pilot project to verify energy consumption and test the product if necessary 
  • Q3-2025: Order and install REMs 
  • Q4-2025: Verify REMs are operational and troubleshoot as needed 
  • Q1-2026: Report energy usage and earn revenue! 

Deadline to have monitoring installed: January 1, 2026 

Next Steps 

Anvil Monitor’s REM technology is poised to revolutionize forklift charging, offering businesses a seamless solution to monitor energy usage and participate in clean fuel programs. By implementing REMs, companies can unlock new revenue opportunities while contributing to a cleaner, more sustainable future. 

Stay tuned for more updates and ensure your company is ready for the upcoming changes in clean fuel regulations. Reach out to us at sales@anvilmonitor.com and visit their website at www.anvilmonitor.com for more information. 

Metering Deep Dive: Smart Technology

Posted March 25th, 2025 by SRECTrade.

How Technological Advancements Can Ease Compliance 

The California Low Carbon Fuel Standard (LCFS) program aims to reduce greenhouse gas emissions, and to continue benefiting from forklifts, businesses must now monitor their energy usage. Forklift fleets, a crucial part of many industries, can benefit significantly from smart charging solutions to meet these requirements. 

Advantages of Smart Batteries and Chargers 

Smart batteries and chargers offer a range of benefits, including energy monitoring, efficiency, and remote data reporting. With technological advancements, upgrading to these new batteries and chargers can provide accurate energy usage data, essential for compliance with LCFS. 

Efficiency and Data Reporting 

Modern smart chargers, such as ECOTec, are designed to be more efficient than traditional chargers. They offer options to push data to the cloud, allowing remote monitoring of energy consumption. This feature is particularly useful for businesses aiming to keep LCFS dollars flowing. 

Upgrading Your Equipment 

While upgrading to new equipment can be costly, it is a worthwhile investment for businesses planning to enhance their fleets. Smart chargers and lithium batteries provide a robust solution for both efficient charging and comprehensive energy usage reporting. By connecting these devices to the internet, businesses can easily pull and analyze energy data. 

Telematics for Forklifts 

If you’re already considering telematics for your fleet, then it offers a practical solution for tracking energy usage. Some technology allows for real-time monitoring and reporting, ensuring that businesses can comply with LCFS requirements without significant financial investment. 

Next Steps 

Smart charging solutions, whether through new batteries or chargers or telematics, provide an effective way to meet the California LCFS program’s energy monitoring requirements. By adopting these technologies, businesses can ensure they continue to benefit from the program while contributing to the reduction of greenhouse gas emissions. 

The timeline below will help you prepare for these upcoming changes: 

SREC Forklift Metering Customer Timeline:  

  • Q1 – 2025: Review metering options for your specific fleet  
  • Q2 – 2025: Install pilot project and/or make technology decision  
  • Q3 – 2025: Purchase and install metering solution   
  • Q4 – 2025: Ensure metering is reporting accurately and operating as expected 

Consider upgrading your fleet or integrating smart technology to keep your LCFS dollars flowing. Please reach out to your SRECTrade account executive with any questions.  

Important Update on LCFS Regulation Amendments

Posted March 4th, 2025 by SRECTrade.

Introduction: The California Air Resources Board (CARB) has recently issued a notice regarding the disapproval of amendments to the Low Carbon Fuel Standard (LCFS) Regulation by the Office of Administrative Law (OAL). This decision has significant implications for market participants and the public. In this blog post, we will provide an overview of the notice, its impact on the market, and the next steps for CARB.

Overview of the Notice: On February 18, 2025, the OAL disapproved the amendments to the LCFS Regulation that CARB had approved for adoption at a hearing on November 8, 2024[1]. The OAL identified inconsistencies with the clarity standard in Government Code section 11349(c) as the reason for the disapproval[1]. CARB plans to address these concerns and resubmit the amendments within 120 days[1].

Impact on the Market: The disapproval of the LCFS amendments has already had a noticeable impact on the market. According to recent reports, the market experienced a significant drop, with prices falling by $17. This decline reflects the uncertainty and potential challenges that market participants may face as CARB works to address the issues raised by the OAL.

Next Steps for CARB:CARB will continue to implement the current version of the LCFS Regulation, which has been in effect since July 2020, while addressing the concerns raised by the OAL[1]. CARB staff plan to rewrite and resubmit the amendments, incorporating any necessary grammatical and non-substantial changes[1]. Any substantive modifications will be released for public comment, ensuring transparency and stakeholder engagement throughout the process[1].

Conclusion: The recent notice from CARB highlights the ongoing efforts to refine and improve the LCFS Regulation. While the disapproval of the amendments presents challenges, it also provides an opportunity for CARB to address concerns and strengthen the regulation. We will continue to monitor the situation and provide updates as more information becomes available. It is unclear at this point if it will effect the implementation for the 2025 CI Changes.

Call to Action: If you have any questions or need assistance, please feel free to contact our team at SRECTrade.


References

[1] Information Regarding Low Carbon Fuel Standard Regulation Updates

Maryland Brighter Tomorrow Act SB-783

Posted December 20th, 2024 by SRECTrade.

There has been an update to Maryland’s renewable energy landscape: 2024 Senate Bill 783 – The Brighter Tomorrow Act. This new legislation will have a direct impact on SREC processing in 2025.

Key Highlights:

SREC Multiplier:
Starting January 1, 2025, a SREC multiplier will be implemented, adding a potential return of up to 1.5 times the market rate for Certified SRECs.
To qualify for this multiplier and Certified SREC status, solar projects must be placed in service between July 1, 2024, and January 1, 2028.
The multiplier will allow facilities to earn up to 1.5 times the value of the SREC pricing. Please note that this is not a guaranteed payout, but rather the potential for an increased price. Maryland SREC prices will likely not be 1.5x the Alternative Compliance Payment (ACP), but could go above the ACP.

Capacity Limits:
The first 300 MW AC of solar systems 20 kW and less are eligible for the multiplier.
The first 270 MW AC of solar 20 kW to 5 MW are eligible for the multiplier.

SREC Lifespan:
All SRECs will now have a 5-year lifespan, an increase from the current 3-year lifespan.

Additional Application Fees:
The Maryland Public Service Commission (PSC) will begin to collect application fees for all facilities. This includes applications for systems that are not eligible for the multiplier as well. Below is the fee structure that will be required:
$50.00 for systems 20kW or less.
$200.00 for systems greater than 20kW.

In addition to the application fees, there will be changes to the Maryland application submission process. As more information becomes available, we will provide additional details to our clients and partners.


As always, you may contact our support team if you have any questions.

Adjustable Block Program – SRECTrade No Longer Filing Extensions for Interconnection Deadlines

Posted October 17th, 2023 by SRECTrade.

Due to SRECTrade’s retirement as an Approved Vendor in the Illinois Adjustable Block Program on August 10th, 2022 (see this blog post for more information), extensions will no longer be filed for projects who have not met their interconnection deadlines.

Adjustable Block Program (ABP) projects are awarded a contract after their Part I approval. The project then has 12 or 18 months to provide energization documents and be submitted for Part II approval. In the past, SRECTrade has filed extensions on behalf of projects that required more time. Beginning in November, 2023, any projects that have not been Part II submitted by their deadline will be canceled with SRECTrade. This will result in the forfeit of the application and collateral fees (that are non-refundable once awarded a contract), and will require the project to be resubmitted through a different approved vendor to participate in the ABP program.

SRECTrade will continue to provide services for all applications that are Part II submitted prior to their energization deadline. To help ensure your application is not canceled, please submit any outstanding documents 6 weeks prior to your deadline.

SRECTrade looks forward to continuing service of its Designees and existing clients during the remainder of their participation in the ABP.

An Update about 3G Meter Replacements in New England

Posted April 6th, 2023 by SRECTrade.

Throughout 2022, the three major US cell phone carriers began to retire their 3G radio bands. Many sites in the SRECTrade aggregate utilized a 3G connection to report monthly kWh production data and were unable to auto-report. 

SRECTrade collaborated with Enphase Energy’s 365 Pronto Platform to provide our clients with a solution to replace their existing 3G meter with a new meter, allowing them to auto-report once again. Clients were able to purchase new meters through the 365 Pronto Platform from Fall 2021 through November 9, 2022. As of February 15, 2023, a majority of affected sites have had their meters replaced and have resumed reporting to the Massachusetts Clean Energy Center’s Production Tracking System (MA PTS). 

Moving forward, clients need to ensure their site continues to report by monitoring their MA PTS accounts and checking for email communications from SRECTrade regarding their site’s data connection to MA PTS. Any inquiries regarding system performance/diagnostics need to be addressed by your system installer or another installer familiar with the on-site equipment (MA PTS installers). 

FAQs:

  • My site resumed reporting but not all production was captured while I was offline. What happens now?
    • A: Unfortunately, it is possible that your system’s production will not be recovered before your new meter installation is reflected in your SRECTrade account. Unless there was another issue present with your system during mid-late 2022,  you will only receive SRECs for your production that was reported successfully after your meter swap was completed.
  • Why has my meter swap not been completed after purchasing a meter and installation service through the 365 Pronto Platform?
    • A: The 365 Pronto Platform team has confirmed that multiple sites still have ongoing installs. 
  • I was cc’d on an email to PTS regarding the meter swap. Why was I included?
    • A: SRECTrade has been sending meter swap notifications to MA PTS to have sites that had a recent swap be able to capture any data from between the old meter going offline and the new meter going online on the day of the swap. MA PTS prefers to have site owners included in email communications regarding their on-site meter. 
  • I purchased a new meter and installation service through the 365 Pronto Platform, but my site has still not resumed reporting to MA PTS. What are the next steps?
    • A: If you have completed a meter swap but noticed no production reflected in MA PTS or have not been included on a meter swap email, then your meter or system is likely offline and needs troubleshooting. We recommend you check with your system’s original installer or check the list of approved installers from MA PTS to troubleshoot your system and have it resume production to MA PTS.  
  • My utility bill is larger than expected. What do you recommend?
    • A: Most of the systems that completed a meter swap were installed 5-10 years ago. A majority of systems are built on historical usage from past utility bills and now in 2023, your energy needs may have changed. We recommend you check with your system installer to be sure your existing system still fits your energy needs. 
  • Still have questions?

New Policy for Adjustable Block Program (ABP) Change of Ownership Process 

Posted April 4th, 2023 by SRECTrade.

SRECTrade has changed our policy regarding the distribution of IL ABP Change of Ownership paperwork. Effective immediately, SRECTrade will be the sole distributor of all IL ABP Change of Ownership paperwork (excluding the Voided Check, Settlement Statements, Divorce Decrees, Death Certificates, and/or Deeds) to clients via RightSignature.

As a result, Designees and other third parties are no longer permitted to distribute IL ABP Change of Ownership paperwork to clients. If you are notified of a home sale, please notify us so we can provide the paperwork to the respective parties once we have all necessary contact information from the buyer.     

By implementing this change, we aim to reduce the confusion around the IL ABP Change of Ownership process and ensure clients have the correct paperwork. As you may be aware, GATS periodically releases new IL ABP Change of Ownership forms, and it is crucial that clients receive the most up-to-date paperwork. 

We appreciate your cooperation in adhering to this new policy. If you have any questions or concerns, please do not hesitate to contact us.

District of Columbia Passes B24-0950 – Local Solar Expansion Amendment Act of 2022

Posted March 23rd, 2023 by SRECTrade.

On March 10, 2023 B24-0950, which was codified as Law Number L24-0314, went into effect. The Solar Renewable Energy Portfolio Standard (RPS) target increased from 10% to 15% by 2041. The Alternative Compliance Payment (ACP) schedule was also adjusted. 

The DC SREC market has experienced unstable conditions due to oversupply and lack of liquidity over the last two years. The RPS increase and the more gradual step-down of the ACP will address these issues and lead to a more stable market. These changes will provide more price stability within the SREC market and increase investor confidence. Current market prices and requirements can be found on our website

SRECTrade was proud to work with solar companies and other stakeholders in support of this bill. Monitoring market conditions and supporting legislation that benefits our clients and partners is one of our highest priorities. 

B24-0950 – Local Solar Expansion Amendment Act of 2022

Posted January 30th, 2023 by SRECTrade.

The Local Solar Expansion Amendment Act of 2022 was introduced on July 14, 2022. This bill will increase the Solar Renewable Portfolio Standard (RPS) target from 10.00% to 15.00% by 2041. It will also adjust the current Alternative Compliance Payment (ACP) schedule. Below is the proposed schedule:

 Current RPS RequirementProposed RPS RequirementCurrent ACPProposed ACP
20232.85%3.00%$500$500
20243.15%3.65%$400$480
20253.45%4.30%$400$460
20263.75%5.00%$400$440
20274.10%5.65%$400$420
20284.50%6.30%$400$400
20294.75%7.00%$300$380
20305.00%7.65%$300$360
20315.25%8.30%$300$340
20325.50%9.00%$300$320
20336.00%9.65%$300$300
20346.50%10.30%$300$300
20357.00%11.00%$300$300
20367.50%11.65%$300$300
20378.00%12.30%$300$300
20388.50%13.00%$300$300
20399.00%13.65%$300$300
20409.50%14.30%$300$300
204110.00%15.00%$300$300

This bill passed two council votes in December and was approved during the mayoral review period. The Congressional review period is the final step and is expected to complete in the next 2 months.

The DC SREC market has experienced oversupplied market conditions, which have resulted in a lack of liquidity and lower SREC prices. Increasing the RPS will help with this oversupply issue. Additionally,  a more gradual decrease to the ACP schedule will support higher SREC prices. The passage of this bill would put DC in the position of having the most highly valued SREC compliance market in the United States.