Posts Tagged ‘Massachusetts’

Massachusetts DOER Announces Revised 2018 and Preliminary 2019 SREC Minimum Standards

Posted July 10th, 2018 by SRECTrade.

On July 10, 2018, the Massachusetts Department of Energy Resources (DOER) announced both preliminary 2019 SREC I and SREC II Minimum Standards and a revised version of the original 2018 SREC II Minimum Standard calculation. The 2018 SREC II Minimum Standards were reduced from 2.7802% to 2.6823% for load executed under contract between April 25, 2014 and May 8, 2016 and from 4.1661% to 4.0683% for contracts executed after May 8, 2016.

The DOER estimates a 2019 SREC I Minimum Standard of 1.1189% for load executed under contract prior to June 28, 2013 and, if the auction clears in the first or second round, 1.7809% for load executed under contract on or after June 28, 2013.

The DOER estimates a 2019 SREC II Minimum Standard of 2.3680% for load executed under contract between April 25, 2014 and May 8, 2016, and 3.9697% for load executed under contract on or after May 8, 2016. This also only applies if the auction clears the first or second round.

Details regarding this announcement can be found here. SRECTrade will be assessing the implications of this adjustment and informing our constituents accordingly.

Tags: MA, Massachusetts
Posted in Massachusetts, SREC Markets | Comments Off on Massachusetts DOER Announces Revised 2018 and Preliminary 2019 SREC Minimum Standards

Massachusetts SREC-II Application Timeline

Posted June 27th, 2018 by SRECTrade.

While the Solar Massachusetts Renewable Target (SMART) Program Effective Date is still to be announced by the Department of Energy Resources (DOER), the application timelines for SREC-II have been set.

As a reminder, the SMART Program Effective Date will be the deadline for facilities smaller than or equal to 25 kW DC to be interconnected and facilities larger than 25 kW DC to be mechanically complete. This means that documentation must be dated on or before the Effective Date, but applications can be submitted for some time after.

Facilities larger than 25 kW DC will have two weeks after the SMART Program Effective Date 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 they are received to complete their statement of qualification application.

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

For more information please reference the DOER’s Current Status of the Solar Carve Out II Program page.

Tags: MA, Massachusetts, SMART, SREC II
Posted in Massachusetts, SREC Markets | Comments Off on Massachusetts SREC-II Application Timeline

Changes to PTS SREC Production Reporting to NEPOOL GIS

Posted April 13th, 2018 by SRECTrade.

On April 5th the Production Tracking System (PTS) announced that it would update the process for reporting SREC production to the New England Power Pool Generation Information System (NEPOOL GIS). Previously, PTS rounded down production to the nearest MWh before reporting to NEPOOL GIS. This meant that even if a system had produced 1250 kWh (the production amount needed to receive an SREC after the 0.8 factor is applied), the system would not have received its first SREC until it produced 2000 kWh.

This change took effect on the Q4 2017 NEPOOL GIS reporting period (which was due on April 10th). PTS will no longer roll over month-to-month fractional MWh production. Total monthly production in MWh, rounded to the nearest whole kilowatt-hour will be reported to the NEPOOL GIS. For example, if a system produces 1775 kWh in a quarter, PTS will report 1.775 MWh to NEPOOL GIS, whereas previously PTS would have reported 1.0 MWh. The NEPOOL GIS will then apply the SREC-II Factor to the aggregate generation. NEPOOL GIS will continue to carry-forward the partial SREC due to the SREC Factor.

Tags: Massachusetts
Posted in Massachusetts, SREC Markets | Comments Off on Changes to PTS SREC Production Reporting to NEPOOL GIS

Massachusetts Alternative Portfolio Standard (APS) Webinar

Posted March 1st, 2018 by SRECTrade.

SRECTrade, Inc. is pleased to announce that our online application for the Massachusetts Alternative Portfolio Standard (APS) program is now open. We will be hosting a webinar covering the APS program and the SRECTrade on-boarding process on Wednesday, March 7, 2018 at 2:00pm EST.

This program provides Alternative Energy Credits (AECs) to renewable thermal energy facilities including solar thermal, heat pump, biomass, and biogas technologies. All facilities interconnected after January 1, 2015 are eligible.

To register for the webinar, please click HERE.

For more information on the passage of the APS legislation, please visit our previous blog posts on the topic, “DOER Files Proposed Final APS Regulations” and “DOER Files APS Regulations with Legislature“.

Tags: Alternative Portfolio Standard, APS, MA, Massachusetts, webinar
Posted in Massachusetts, Webinars | Comments Off on Massachusetts Alternative Portfolio Standard (APS) Webinar

DOER Files Proposed Final APS Regulations

Posted December 19th, 2017 by SRECTrade.

On December 15th, the Department of Energy Resources (DOER) filed its proposed final version of the 225 CMR 16.00 Alternative Energy Portfolio Standard (APS) regulation with the Secretary of the Commonwealth’s Office. The official regulation is slated for publication in the State Registrar on December 29, 2017.

The filed version matches the version filed with the Joint Committee on Telecommunications, Utilities, and Energy on November 15, 2017. The final unofficial version of the regulation, as filed with the Secretary, is available here.

In addition to the regulations, the DOER provided the following final Guidelines, which will be effective on December 29, 2017:

Guideline on Metering and Calculations – Part 1 (Formulas for Small and Intermediate Generation Units)
Guideline on Metering and Calculations – Part 2 (Metering for Intermediate and Large Generation Units)
Guideline on Metering and Calculations for Fuel Cell Generation Units
Guideline on Biomass, Biogas, and Biofuels for Renewable Thermal Generation Units
Guideline on Multipliers for Renewable Thermal Generation Units
Massachusetts Alternative Energy Portfolio Standard Biomass Reporting Procedures
Guideline on Reduction of Greenhouse Gases for Eligible Renewable Thermal Generation Units Using Eligible Woody Biomass

These guidelines are available on the DOER’s website here.

The DOER expects to release its new online APS Statement of Qualification Application for Renewable Thermal and Fuel Cell Generation Units by mid-January. SRECTrade will provide more information to interested stakeholders as it is made available by the DOER. Please visit our blog for continued updates.

The DOER’s announcement can be viewed here.

Tags: Alternative Energy Portfolio Standard, DOER, MA APS, MA DOER, Massachusetts
Posted in Massachusetts | Comments Off on DOER Files Proposed Final APS Regulations

Proposed Amendments to 310 CMR 7.75: Clean Energy Standard

Posted November 9th, 2017 by SRECTrade.

The Massachusetts Executive Office of Energy and Environmental Affairs (EEA) and the Massachusetts Department of Environmental Protection (MassDEP) have proposed amendments to 310 CMR 7.75: Clean Energy Standard. The amendments are intended to achieve greater consistency among all Executive Office of Energy and Environmental Affairs (EOEEA) clean energy programs and policies.

The amendments, a background document, and a notice with information about attending a November 27, 2017 public hearing in Boston at 10:00am and submitting written comments, are available on the Commonwealth of Massachusetts’s website here. Additional information about 310 CMR 7.75, including relevant stakeholder comments, is also available on their website.

The MassDEP published 310 CMR 7.75: Clean Energy Standard as a final regulation to reduce statewide greenhouse gas emissions. For more information on the promulgation of the MA Global Warming Solutions Act regulations, please visit our recent blog post on the topic here.

Tags: Amendments, clean energy, Clean Energy Standard, Department of Environmental Protection, MA, Massachusetts
Posted in Environmental Policy, Massachusetts | Comments Off on Proposed Amendments to 310 CMR 7.75: Clean Energy Standard

Final SMART Program Regulation Promulgated

Posted August 25th, 2017 by SRECTrade.

On Friday, August 25th, 225 CMR 20.00 Solar Massachusetts Renewable Target (SMART) Program was promulgated in the State Register. The Massachusetts Department of Energy Resources (DOER) posted the final version filed with the Secretary of the Commonwealth’s office to their website. The DOER announced that the final, promulgated version will be made available as soon as possible.

Following the promulgation of this regulation, the DOER anticipates that the electric distribution companies will jointly file a model tariff at the Department of Public Utilities (DPU), which will initiate a fully adjudicated proceeding at the DPU.

For more information on the final version of the SMART Program regulation, please visit our previous blog post on the topic here.

Tags: DOER, MA, Massachusetts, SMART
Posted in Massachusetts, SREC Markets | Comments Off on Final SMART Program Regulation Promulgated

MA Global Warming Solutions Act Regulations Promulgated

Posted August 11th, 2017 by SRECTrade.

On Friday, August 11th, the Massachusetts Department of Environmental Protection (MassDEP) published six final regulations to reduce statewide greenhouse gas emissions in the Massachusetts Register. These regulations follow the Supreme Judicial Court’s May 17, 2016 ruling in Kain v. DEP and Governor Baker’s September 16, 2016 Executive Order No. 569 (“Establishing an Integrated Climate Change Strategy for the Commonwealth”) to help ensure compliance with the 2020 statewide emissions limit established by the Global Warming Solutions Act (GWSA).

The six regulations and amendments include:

310 CMR 7.72: Reducing Sulfur Hexafluoride Emissions from Gas-Insulated Switchgear (amended)
310 CMR 7.73: Reducing Methane Emissions from Natural Gas Distribution Mains and Services (new)
310 CMR 7.74: Reducing CO2 Emissions from Electricity Generating Facilities (new)
310 CMR 7.75: Clean Energy Standard (new)
310 CMR 60.05: Global Warming Solutions Act Requirements for Transportation (amended)
310 CMR 60.06: CO2 Emission Limits for State Fleet Passenger Vehicles (new)

For more information on these regulations, including Fact Sheets, please visit the MassDEP website on the topic.

Tags: Department of Environmental Protection, Emissions, Global Warming Solutions Act, MA, Massachusetts
Posted in Environmental Policy, Massachusetts | Comments Off on MA Global Warming Solutions Act Regulations Promulgated

Massachusetts Solar Credit Clearinghouse Auction Announcement – Summer 2017

Posted June 21st, 2017 by SRECTrade.

On June 16th, the DOER formally announced that they would conduct Solar Credit Clearinghouse Auctions (SCCA) for both the SREC-I and SREC-II programs.

EnerNOC Inc. posted the Auction Notice and Qualification Application for this year’s SCCA to the Auction Announcement Website. The SCCA is a market mechanism that allows for any leftover SREC supply from the previous compliance year to be sold to buyers. In years of oversupply, the DOER will consider the total volume of SRECs submitted to the SCCA, as well as the success of the auction in clearing those volumes, in their decision to increase the RPS demand for future compliance years. Since there will be a SCCA for compliance year 2016, we know that the 2018 obligation will be adjusted higher.

Price

This year’s fixed price for buyers is set at $300 for both SREC-I and SREC-II. After the DOER administration fee, sellers will receive a net amount of $285 per SREC. Beginning next year, the SREC II SCCA price will begin to decrease while the SREC I price will remain at $300.

Volume

The volumes of certificates available for purchase through each auction are as follows:
MA16 SREC I: 14,405 certificates
MA16 SREC II: 234,057 certificates

Tiers

The auction will consist of two tiers:

The first tier (Tier I) includes all natural compliance buyers. Up to 50% of the total auction volume will be reserved for Tier I bidders. If demand exceeds the 50% benchmark, awards will be made on a pro-rata basis. If there is insufficient demand from Tier I bidders, the remaining SRECs will be made available to Tier II bidders.

The second tier (Tier II) of bidders include all other entities, including Tier I entities with unfulfilled bids from Tier I. After Tier I awards have been given, the remaining SRECs will be allocated to Tier II bidders on a pro-rata basis.

Key Dates & Bidder Webinar Registration

Wednesday, June 21, 2017 – Bidder webinar to review auction process and the Qualification Application
- To register for the webinar please follow this link
Wednesday June 28, 2017 – Bidder Qualification Application due
Monday, July 24, 2017 – First auction takes place

We will keep you posted with any new updates ahead of the auction, and the results of the auction as soon as they are made publicly available. Feel free to reach out to your coverage on the SRECTrade brokerage desk to discuss any questions you may have about the upcoming auction.

Disclaimer. This document, data, and/or any of its components (collectively, the “Materials”) are for informational purposes only. The Materials are not intended as investment, tax, legal, or financial advice, or as an offer or solicitation for the purpose or sale of any financial instrument. SRECTrade, Inc. does not warranty or guarantee the market data or other information included herein, as to its completeness, accuracy, or fitness for a particular purpose, express or implied, and such market data and information are subject to change without notice. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Any comments or statements made herein do not necessarily reflect those of SRECTrade, Inc. SRECTrade, Inc. may have issued, and may in the future issue, other communications, data, or reports that are inconsistent with, and reach different conclusions from, the information presented herein.

Copyright. This document is protected by copyright laws and contains material proprietary to SRECTrade, Inc. This document, data, and/or any of its components (collectively, the “Materials”) may not be reproduced, republished, distributed, transmitted, displayed, broadcasted or otherwise disseminated or exploited in any manner without the express prior written permission of SRECTrade, Inc. The receipt or possession of the Materials does not convey any rights to reproduce, disclose, or distribute its contents, or to manufacture, use, or sell anything that it may describe, in whole or in part. If consent to use the Materials is granted, reference and sourcing must be attributed to the Materials and to SRECTrade, Inc. If you have questions about the use or reproduction of the Materials, please contact SRECTrade, Inc.

Tags: DOER, Massachusetts, SCCA
Posted in Massachusetts, SREC Markets | Comments Off on Massachusetts Solar Credit Clearinghouse Auction Announcement – Summer 2017

Massachusetts SREC-II Update – January 2017

Posted January 23rd, 2017 by SRECTrade.

Over the last month the market received both a new list of SREC-II qualified projects as well as more precise information on Q3 SREC generation. As such, we have updated our capacity models to reflect the new information.

Please find our updated capacity presentation here.

The Massachusetts Department of Energy Resources (DOER) recently published their periodic update on registered SREC-II capacity on December 12, 2016, and Q3 2016 SRECs were issued on January 15th, 2017. These data points provide more precise information around the current build rates and the exact amount of SRECs currently available for sale, but the data simply confirms the widely known fact that MA16 SREC-II is indeed heavily oversupplied.

Given an oversupply from 2015 of 66,372 SRECs, plus the 441,890 SRECs issued in Q1, Q2 and Q3 of 2016 (Q3 generation was 190,526), we are left with a total of 508,262 SRECs already created. That alone leaved the market 49% over the exempt-load obligation for 2016. Using the trailing twelve month average for new capacity added per month, we add another 143,887 SRECs as an estimate of Q4 production to bring us to a grand total of 652,149 SRECs created in 2016. This represents a 312,069 SREC oversupply, or approximately 92% of the 2016 compliance obligation.

ma16-srec-ii-sd

We expect the DOER to publish an updated qualified project list in the near future. Additionally, we expect more information in the coming weeks on the status of the SREC-II extension program. As either of those updates come available we will be sure to pass on all relevant information. As always, feel free to reach out to your SRECTrade sales coverage for any questions or comments.

Disclaimer. This document, data, and/or any of its components (collectively, the “Materials”) are for informational purposes only. The Materials are not intended as investment, tax, legal, or financial advice, or as an offer or solicitation for the purpose or sale of any financial instrument. SRECTrade, Inc. does not warranty or guarantee the market data or other information included herein, as to its completeness, accuracy, or fitness for a particular purpose, express or implied, and such market data and information are subject to change without notice. Past performance should not be taken as an indication or guarantee of future performance, and no representation or warranty, express or implied, is made regarding future performance. Any comments or statements made herein do not necessarily reflect those of SRECTrade, Inc. SRECTrade, Inc. may have issued, and may in the future issue, other communications, data, or reports that are inconsistent with, and reach different conclusions from, the information presented herein.

Copyright. This document is protected by copyright laws and contains material proprietary to SRECTrade, Inc. This document, data, and/or any of its components (collectively, the “Materials”) may not be reproduced, republished, distributed, transmitted, displayed, broadcasted or otherwise disseminated or exploited in any manner without the express prior written permission of SRECTrade, Inc. The receipt or possession of the Materials does not convey any rights to reproduce, disclose, or distribute its contents, or to manufacture, use, or sell anything that it may describe, in whole or in part. If consent to use the Materials is granted, reference and sourcing must be attributed to the Materials and to SRECTrade, Inc. If you have questions about the use or reproduction of the Materials, please contact SRECTrade, Inc.

Tags: Capacity Update, DOER, Massachusetts
Posted in SREC Markets | Comments Off on Massachusetts SREC-II Update – January 2017