Earlier today, SRECTrade hosted a training webinar for its Illinois Adjustable Block Program (ABP) partners. Among other topics, the webinar reviewed
For access to the presentation slides, please click HERE. To view a video recording of the webinar, please click the image below.
April 17, 2019 Update: On April 16, 2019 the ABP Administrator published the final Block 4 REC Pricing, confirming the indicative Block 4 REC Pricing displayed in the table below. Please note that a typo was made in the original indicative table of $69.93 for Group A Large 10-25 kW, which should actually be $69.63. This typo has been corrected in the table below.
On Wednesday, April 3rd, the Adjustable Block Program (ABP) Administrator announced the Adjustable Block Program Discretionary Capacity Allocation. Notably, the 166.5 MW AC of discretionary capacity was allocated between the six Block Categories according to the table below:
Combining the discretionary capacity allocation (Block 4) with the initial opening volumes in Blocks 1-3 results in the following final block volumes (MW AC):
All ABP applications qualifying under discretionary capacity will receive Block 4 pricing, which is 4% lower than Block 3 pricing. Indicative Block 4 pricing is displayed in the table below:
As of the Program Administrator’s Current Status of Illinois Adjustable Block Program Blocks update on April 4, 2019, there are 129.608 MW AC of applications accounted for in the Group A Large Block Category. The addition of the Group A Large discretionary capacity indicates that all Group A Large applications submitted by the February 13th deadline and approved by the Program Administrator will receive at least Block 4 pricing, even if they are not selected in the Block 1 Lottery. There are also still 11+ MW AC of Group A Large capacity available at Block 4 pricing for new applications.
As of the April 4th capacity update, there are also 123.562 MW AC of applications accounted for in the Group B Large Block Category, indicating that there are still 26+ MW AC of Group B Large capacity available at Block 4 pricing.
SRECTrade is currently accepting facility applications for all Small and Large Block Categories at the following indicative pricing:
For more information on the rationale behind the discretionary capacity allocation, please view the Allocation of Adjustable Block Program Discretionary Capacity Rationale document. SRECTrade will continue to provide updates on ABP developments and will also closely monitor the results of the April 10th Block 1 Lottery.
TweetEarlier today, SRECTrade hosted an application training webinar for the upcoming Illinois Adjustable Block Program (ABP).
SRECTrade’s ABP application window is now open. Applications are required to be submitted by an SRECTrade Approved Referrer. If you are interested in applying to be an SRECTrade Approved Referrer, please email installers@srectrade.com.
For access to the presentation slides, please click HERE. To view a video recording of the webinar, please click the image below.
TweetSRECTrade, 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.
TweetNovember 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.
TweetNovember 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.
TweetSRECTrade 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.
On February 26th, the Illinois Commerce Commission (ICC) issued its Proposed Order of the Illinois Power Agency’s (IPA) Long-Term Renewable Resources Procurement Plan (LTRRPP). A range of issues were raised by stakeholders and commented on by the ICC in the draft order.
The ICC has also made a variety of significant changes to the Draft Plan as it was filed on December 4, 2017. One of the most substantial changes is as follows:
A summary of other changes can be found below and as outlined in this article from PV Magazine.
There is reportedly one more round of responses by intervenors and the ICC during March before the Final Plan is released on April 3rd. The changes listed above will not be finalized until the Final Plan is released.
For more information on the original Draft Plan or the revised Draft Plan that was filed with the ICC, please view our previous blog posts on those topics in the links provided.
TweetOn December 4th, the Illinois Power Agency (IPA) filed its Long-Term Renewable Resources Procurement Plan (LTRRPP or the Plan) for approval by the Illinois Commerce Commission (ICC). The Plan is part of the implementation of Public Act 99-0906 (the “Future Energy Jobs Act”), which took effect on June 1, 2017.
The initial ICC Filing, including the Filing Petition, Filed Plan and appendices, and the redline comparison of the draft Plan and the Filed Plan are available on the IPA’s website here.
In response to comments received on the draft Plan, the IPA made several changes to the Filed Plan, including changes to the following:
The IPA provided a summary of the above changes, and those proposals not accepted, in its Filing Petition.
In addition, the revised Block Group REC Price schedule is provided below (Table 6-2 of the Plan):
Block Group REC Prices ($/REC)
Objections were due on December 18, 2017 with responses to objections due on Thursday, January 11, 2018. Replies to responses will then be due on Thursday, January 25, 2018. The ICC is expected to issue its decision by April 3, 2018. The ICC docket for the plan is accessible here.
Visit our blog for previous and future posts about Illinois’ RPS and the Long Term Plan.
TweetIn October 2017, SRECTrade participated in the Fall round of the Illinois 2017 Utility Distributed Generation Procurement. SRECTrade was among the three winning suppliers of the 5-year REC contracts awarded through the Fall 2017 Utility DG Procurement. A summary of average winning bid prices and number of RECs can be found below. Please note that the number of RECs quoted by the IPA is in annual quantities. For the Illinois Power Agency’s official announcement of the results, please click here.
The IPA procured 40,765 RECs during the Fall round, which fulfilled 30% of the 2017 procurement target (138,510 total RECs over five years between both rounds). The remaining volume of 97,745 RECs was accounted for by the Spring round.
There are no future supplemental photovoltaic or distributed generation procurement rounds announced at this time. SRECTrade will be participating in the IL Adjustable Block Program, scheduled to roll out in mid-2018. For more information on this program, please visit our blog post on the topic.
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