Archive for the ‘SREC Markets’ Category

2009 PA SREC pricing data

Posted January 14th, 2010 by SRECTrade.

As we have mentioned previously, the Pennsylvania market is slightly different than other SREC markets because the SACP is not published until December after the energy year trading has concluded.  The PA PUC recently published the prices paid by SRECs purchased for compliance in PA. Note: this only reflects prices paid by the electricity suppliers, i.e. the end buyers.  As you can see the SACP for 2009 was $550.15 in PA.  Up slightly from $528.34 the previous year.

2008/2009 Alternative Energy Credit Pricing

AEC Type Weighted Average Price Price Range ACP
Solar PV $260.19 $225 – $690 $550.15

Our comments:  Although the price range was $225 – $690, the majority of PA SRECs must have traded in the mid-$200 range due to the fact that the weighted average price was only $260.  With the way this market is structured, buyers will try to purchase at the average price level throughout the year so as not to drive the average price up.  This is reflective of the market price.  However, at year end, if a buyer is in danger of not procuring enough SRECs to comply, the buyer will be willing to pay anything below their best calculation of the SACP for that year.  Based on the results above, it appears that most buyers paid around $260 for SRECs in PA in 2009, however, there was at least one buyer, who in an effort to avoid the SACP, paid a price of $690! We wonder if that was based on the buyer’s own calculation that the SACP would be at or above $700, or if it was the case that an SREC bought in the NJ market was used for PA compliance.

The good news for PA solar generators is that the average trading price is increasing.  We expect this trend to continue as the solar requirement increases each your for Pennsylvania electricity suppliers.

Cross Listing Your SRECs

Posted January 3rd, 2010 by SRECTrade.

2011 Update: State certification information can be found here

One of the benefits of the SRECTrade multi-state auction platform is the ability to cross-list in multiple states in which you have registered your SRECs. If an SREC is cross-listed, it will be included in any state in which it has been registered to be sold.  SRECs will be sold in the state auction that offers the most value. In order to qualify to sell your SRECs in a state that accepts out-of-state SRECs, you need to get your system certified in that state. The following section has information on what states accept out-of-state SRECs and how to get your systems registered and obtain a state certification number. For EasyREC customers, SRECTrade can help you register in the states available to you.

SREC Markets by State

SREC State Registration Information:

Delaware

To get a Delaware state certification number, your installation must be located in DE. You must apply to become an Eligible Energy Resource. The link for the application is here.  For more information, go to the Delaware Public Service Commission.

Contact:
Delaware Public Service Commission
861 Silver Lake Boulevard
Cannon Building, Suite 100
Dover, DE 19904
Main: (302) 736-7500
Toll-Free: (800) 282-8574
Fax: (302) 739-4849

District of Columbia

Eligible to states within and adjacent to the PJM Region. For information on the DC registration process, see DC State Certification Instructions.

Contact:
Dorothy Wideman
Commission Secretary
Public Service Commission of the District of Columbia
1333 H Street, N.W
2nd Floor West Tower
Washington, D.C. 20005

Maryland

To register in Maryland, your solar installation must be in MD and you must complete and file an application for certification as a Solar Renewable Energy Facility (REF) with the Public Service Commission. The link to the application is here.  For more complete details on the process, see Maryland SREC Registration Details.

New Jersey

New Jersey is a closed market, therefore only SRECs produced in New Jersey are eligible. New Jersey residents can apply for state certification at the New Jersey Office of Clean Energy’s website.

Contact:
New Jersey’s Clean Energy Program
c/o Conservation Services Group
75 Lincoln Highway, Suite 100
Iselin, New Jersey 08830
Phone: 866-NJSMART (866-657-6278)

North Carolina

North Carolina is still in the early stages of implementing an SREC program. The state is still accepting applications for a REC tracking system through December 15, 2009.  More information can be found on the North Carolina Utilities Commission website. A sample application can be found here.

Contact:
Chief Clerk
North Carolina Utilities Commission
4325 Mail Services Center
Raleigh, NC 27699-4325

Ohio

Utilities in Ohio are allowed to procure 50% of the SRECs from out of state facilities. However, these states must be contiguous with Ohio (PA, MI, IN, KY, WV). Instructions and forms required for Ohio certification can be found here: Application for Certification as an Ohio Renewable Energy Resource Generating Facility

Contact:
Public Utilities Commission of Ohio
Email: AEPS@puc.state.oh.us
Toll-Free: (800) 686-PUCO (7826)
Phone: (614) 466-3292 (in Columbus area)
Fax: (614) 752-8351
180 East Broad Street
Columbus, Ohio 43215
Directions to the PUCO

Pennsylvania

Utilities in Pennsylvania are allowed to buy out of state SRECs from solar generators in the PJM region to meet the Renewable Portfolio Standard. If you are interested in selling in PA, you need to get your solar system registered.  For a detailed explanation of the process with screenshots see our most recent post on Pennsylvania State Certification Registration Process.

Contact Info:
Dina M. Deana
Pennsylvania AEPS Program Manager
Clean Power Markets, Inc.
Phone: 1-877-AEPS-773 (1-877-237-7773)
Fax: (610) 444-9213
Email: paaeps@cleanpowermarkets.com



Massachusetts SREC Market

Posted December 16th, 2009 by SRECTrade.

The Massachusetts Department of Energy Resources (DOER) recently announced the implementation of a solar carve out as part of the state’s renewable portfolio standard.  The carve-out establishes a requirement of 25 MW of solar electricity for 2010 and a solar alternative compliance payment (SACP) of $600.  SRECTrade will begin hosting SREC auctions in Massachusetts in 2010.  Solar generators may begin registering their facilities with SRECTrade as long as they meet the criteria for eligibility in Massachusetts:

– Solar photovoltaic project located in Massachusetts
– Under 2MW in capacity
– Installed on or after January 1, 2008
– Has not received funding from Commonwealth Solar I
– Has not received substantial support from ARRA-related federal stimulus funds

Go to the Massachusetts Solar Renewable Energy Certificate (SREC) Program page for more details.

Qualifying for the Ohio SREC market

Posted December 16th, 2009 by SRECTrade.

This is the first year that the Ohio RPS has come into effect and we expect Ohio to be one of the best market for SRECs over the next few years.  With an established SACP starting at $450 this year, a large electricity market, and a growing solar requirement, we expect Ohio to surpass Pennsylvania and many of the other SREC states in volume.  For that reason, we recommend registering in Ohio if you are from Ohio and any of its neighboring states: Pennsylvania, West Virginia, Kentucky, Indiana and Michigan.  For Pennsylvania residents, the early months of the Pennsylvania auctions brought a price of $290-$300, but your PA SRECs could be worth up to 30% more in the Ohio market.  To find out more about the Ohio SREC program follow this link.

Registering in Ohio

Utilities in Ohio are allowed to procure 50% of the SRECs from out of state facilities. However, these states must be contiguous with Ohio (PA, MI, IN, KY, WV). Instructions and forms required for Ohio certification can be found here: Application for Certification as an Ohio Renewable Energy Resource Generating Facility

Contact:
Public Utilities Commission of Ohio
Email: AEPS@puc.state.oh.us
Toll-Free: (800) 686-PUCO (7826)
Phone: (614) 466-3292 (in Columbus area)
Fax: (614) 752-8351
180 East Broad Street
Columbus, Ohio 43215
Directions to the PUCO

New York SRECs?

Posted December 15th, 2009 by SRECTrade.

You may have noticed a recent post in our blog suggesting that solar generators based in New York can register their system to sell SRECs in DC.  This information came to us by way of the DC Public Service Commission when we first began registering Delaware systems in DC.  We checked the GATS database and have confirmed that there is a precedent for a NY-based system that is eligible to generate and sell SRECs in the DC market.  Though we have yet to confirm this with a NY-based SRECTrade customer, we have a few projects that are currently applying for eligibility in DC and will keep you posted on our progress.

The caveat to this is that if you are a New York resident that took advantage of the NYSERDA state rebate, then you have forfeited your SRECs to NYSERDA for the first three years that the system was installed.  Therefore, the DC market (and perhaps other markets in the future) will not be available to most solar generators in New York until they have been generating for at least three years.

Giving thanks!

Posted November 25th, 2009 by SRECTrade.

In the spirit of Thanksgiving, we’d like to thank a couple folks who have recently written about our services.

Dave is a new solar owner from New Jersey who has chronicled his experience going solar in his blog at solarpowr.blogspot.com.  In writing about his journey to go solar, Dave has shed a great deal of light on the entire process.  He’s been an advocate for our services and we are excited to get him started!

One of the the things we love about our business is the role we play in enabling solar.  Matt of PIMBY Energy, LLC (i.e. Power-In-My-Back-Yard) recently signed up with us and sold his first SRECs in the PA market.  He also wrote about his first experience selling SRECs. The exciting part of this news is that Matt is an installer in West Virginia, a state without an SREC program! Because he is in the PJM region, his SRECs are eligible for registration in PA, OH and potentially DC. Since Matt was registered in PA, his SRECs were sold in our November PA SREC auction. If you are in West Virginia or Virginia, we encourage you to reach out to PIMBY to find out more.

Happy Thanksgiving! We hope you have a wonderful holiday.

DC Renewable Portfolio Standard Solar Details

Posted November 10th, 2009 by SRECTrade.

District of Columbia RPS solar requirement and SREC information: DC SREC Information

Delaware Renewable Portfolio Standard Solar Details

Posted November 10th, 2009 by SRECTrade.

Delaware RPS solar requirement and SREC information: www.srectrade.com/delaware_srec.php

Maryland Renewable Portfolio Standard Solar Details

Posted November 10th, 2009 by SRECTrade.

Maryland RPS solar requirement and SREC information: www.srectrade.com/maryland_srec.php

New Jersey Renewable Portfolio Standard Solar Details

Posted November 10th, 2009 by SRECTrade.

New Jersey RPS solar requirement and SREC information: www.srectrade.com/new_jersey_srec.php