Posts Tagged ‘Ohio SREC’

Gov. Kasich Vetoes Bill Threatening to Weaken OH RPS

Posted December 28th, 2016 by SRECTrade.

Yesterday, Gov. Kasich released his decision to veto Substitute HB554, a bill designed to weaken Ohio’s renewable portfolio standard by converting its compliance standards to voluntary targets for the next three years. The bill, which passed in the Ohio Legislature earlier this month, would follow the state’s two-year RPS freeze, which drastically impacted Ohio’s renewable energy industry, resulting in slow growth and job losses.

Renewable energy and environmental advocates, along with a coalition of Ohio’s business leaders, urged Gov. Kasich to veto the detrimental bill and to focus instead on bolstering the state’s renewable energy economy. Through his veto, Gov. Kasich stood by his position for reinstatement of the RPS, rather than allowing for the GOP to renege on the state’s clean energy goals.

In his veto, Gov. Kasich said that the bill would undermine the state’s progress to date, dealing a “setback to efforts that are succeeding in helping businesses and homeowners reduce their energy costs through increased efficiency” to the tune of “$1.03 billion in savings to date … [and] … $4.15 billion in lifetime savings.” He encouraged the General Assembly to “advance strategies for helping ensure competitive energy costs” and to preserve and expand upon the job growth generated by high technology firms in the renewables industry.

While opponents of the bill hope that Gov. Kasich’s veto sends a message to progress the RPS, the Legislature could override his veto in the next session, which begins on January 9. A three-fifths vote (at least 60 of 99 in the House and at least 20 of 33 in the Senate) would be needed to override the veto. The bill originally passed 56-34 in the House and 18-13 in the Senate.

Clean Energy Advocates Urge Gov. Kasich & Ohio Lawmakers to Reinstate Frozen RPS

Posted November 3rd, 2016 by SRECTrade.

Two years ago, Ohio took a gamble with the state’s renewable energy industry by imposing a two-year freeze on Ohio’s energy efficiency (EERS) and Renewable Portfolio Standard (RPS). With the freeze due to expire at the end of the year, state lawmakers are evaluating potential paths for lifting the freeze, including opposing options to either bolster the RPS moving forward or convert the RPS to a voluntary program. As state lawmakers look to vote on proposals shortly after the November 8th General Election, nine companies have stood up in support of reinstating–and strengthening–Ohio’s energy efficiency and RPS, alongside the state’s many clean energy advocates.

It is clear to many that the RPS freeze was a failed experiment for Ohio. The RPS has provided many benefits to Ohio residents, including the creation of thousands of new clean energy jobs and the infusion of more than $160 million in annual GDP from the clean energy sector. During the freeze, however, utility companies reduced–or in some cases completely suspended–renewable energy and energy efficiency programs and services. Clean energy companies had no choice but to leave Ohio. As a result, Ohio’s wind industry lost more than 1,400 jobs in 2015 alone. Today, Ohio’s projected growth for clean jobs is only at 4.9%. In order to get back on track, the industry needs a jolt of support that can only come from the reinstatement of the RPS and EERS.

In an effort to show solidarity with the clean energy industry, nine companies teamed up behind sustainability advocate Ceres Inc., encouraging lawmakers to consider more–not less–aggressive RPS and EERS policies. The companies, including giants such as Campbell Soup, Clif Bar, Gap, Nestle, and Whirlpool, collectively employ more than 25,000 people in Ohio. Each company issued individual statements in support of the coalition’s request.

Gap Inc.’s Director, Environmental Impact, Christina Nicholson urged lawmakers to act. “The time to act is now. We urge leaders in Ohio to lift the freeze on the state’s renewable energy and energy efficiency standards. Clean energy policies are smart and will build a stronger and more resilient Ohio. As a company with a large presence in the state, energy efficiency and renewable energy is important to our business and our future. We’ve set an ambitious goal to reduce our GHG emissions by 50% by 2020, and we encourage Ohio’s leaders to help us all move toward a clean energy future.”

Other groups, including Ohio Citizen Action, are also actively advocating for stronger environmental standards. The group is hosting a Climate Action Rally and Press Conference on November 16th to encourage Governor Kasich to take a stand against those trying to skirt or otherwise weaken the reinstatement of the RPS. Earlier this year, while seeking the Republication nomination for President, Gov. Kasich told a New Hampshire crowd that he would reinstate the RPS if the legislature attempted to gut the policies, even though he considered the original RPS to be “unpalatable”. Given the legislature’s current position on the issue, all eyes are on Gov. Kasich to see whether he sticks to his campaign words from January and pressures the Legislature to reinstate the RPS and EERS without further delay.

Solar Capacity in the SREC States – February 2011

Posted March 2nd, 2011 by SRECTrade.

SRECTrade SREC Markets Report: February 2011

The following post outlines the megawatts of solar capacity certified and/or registered to create SRECs in the SREC markets SRECTrade currently serves.

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PJM Eligible Systems

As of the end of February, there were 12,995 solar PV (12,747) and solar thermal (248) systems registered and eligible to create SRECs in the PJM Generation Attribute Tracking System registry. Of these eligible systems, 43 (0.33%) have a nameplate capacity of 1 megawatt or greater, of which only 3 systems are greater than 5 MW. The largest system, currently located in Ohio, is 12 MW,  and the second largest, located in Chicago and eligible for the PA, DC, and MD markets, is 10 MW. The third largest system, located in NJ, is 5.6 MW.

Massachusetts DOER Qualified Projects

As of February 18, 2011, there were 220 MA DOER qualified solar projects; 204 operational and 16 not operational. Of these qualified systems, 10 (4.5%) have a nameplate capacity of 1 megawatt or greater, of which only 3 are between 1.5 and 2 MW. Only one of the projects greater than 1 MW is currently operational.

Capacity Summary By State

The tables above demonstrate the capacity breakout by state. Note, that for all PJM GATS registered projects, each state includes all projects certified to sell into that state. State RPS programs that allow for systems sited in other states to participate have been broken up by systems sited in state and out of state. Additional detail has been provided to demonstrate the total capacity of systems only certified for one specific state market versus being certified for multiple state markets. For example, PA includes projects only certified to sell into the PA SREC market, broken out by in state and out of state systems, as well as projects that are also certified to sell into PA and Other State markets broken out by in state and out of state systems (i.e. OH, DC, MD, DE, NJ). PA Out of State includes systems sited in states with their own state SREC market (i.e. DE) as well as systems sited in states that have no SREC market (i.e. VA). Also, it is important to note that the Current Capacity represents the total megawatts eligible to produce and sell SRECs as of the noted date, while the Estimated Required Capacity – Current and Next Reporting Year represents the estimated number of MW that need to be online on average throughout the reporting period to meet the RPS requirement within each state. For example, New Jersey needs approximately 255 MW online for the entire 2011 reporting year to meet the RPS requirement. Additionally, the data presented above does not include projects that are in the pipeline or currently going through the registration process in each state program. This data represents specifically the projects that have been approved for the corresponding state SREC markets as of the date noted.

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Solar Capacity in the SREC States – January 2011

Posted February 2nd, 2011 by SRECTrade.

SRECTrade SREC Markets Report: January 2011

The following post outlines the megawatts of solar capacity certified and/or registered to create SRECs in the SREC markets SRECTrade currently serves.

SREC Supply January 2011

PJM Eligible Systems

As of the end of January, there were 12,240 solar PV (12,001) and solar thermal (239) systems registered and eligible to create SRECs in the PJM Generation Attribute Tracking System registry. Of these eligible systems, 38 (0.3%) have a nameplate capacity of 1 megawatt or greater, of which only 3 systems are greater than 5 MW. The largest system, currently located in Ohio, is 12 MW,  and the second largest, located in Chicago and eligible for the PA, DC, and MD markets, is 10 MW. The third largest system, located in NJ, is 5.6 MW.

Massachusetts DOER Qualified Projects

As of January 10, 2011, there were 206 MA DOER qualified solar projects; 183 operational and 23 not operational. Of these qualified systems, 9 (4.4%) have a nameplate capacity of 1 megawatt or greater, of which only 2 are between 1.5 and 2 MW. None of the projects greater than 1 MW are currently operational.

Capacity Summary By State

The tables above demonstrate the capacity breakout by state. Note, that for all PJM GATS registered projects, each state includes all projects certified to sell into that state. State RPS programs that allow for systems sited in other states to participate have been broken up by systems sited in state and out of state. Additional detail has been provided to demonstrate the total capacity of systems only certified for one specific state market versus being certified for multiple state markets. For example, PA includes projects only certified to sell into the PA SREC market, broken out by in state and out of state systems, as well as projects that are also certified to sell into PA and Other State markets broken out by in state and out of state systems (i.e. OH, DC, MD, DE, NJ). PA Out of State includes systems sited in states with their own state SREC market (i.e. DE) as well as systems sited in states that have no SREC market (i.e. VA). Also, it is important to note that the Current Capacity represents the total megawatts eligible to produce and sell SRECs as of the noted date, while the Estimated Required Capacity – Current and Next Reporting Year represents the estimated number of MW that need to be online on average throughout the reporting period to meet the RPS requirement within each state. For example, New Jersey needs approximately 255 MW online for the entire 2011 reporting year to meet the RPS requirement. Additionally, the data presented above does not include projects that are in the pipeline or currently going through the registration process in each state program. This data represents specifically the projects that have been approved for the corresponding state SREC markets as of the date noted.

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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

SRECTrade launches in Ohio

Posted June 18th, 2009 by SRECTrade.

We are really excited to announce that we will be launching our auction in Ohio next month! We are adding seven new states in our July 10th auction and giving SREC sellers the ability to cross-list their SRECs. Unlike previous years, the Ohio SREC market is going to be significant and increase rapidly every year. Our estimates show that there will be a demand for 6,200 SRECs in Ohio this year, half of which must come from Ohio generators. These numbers represent the 0.004% solar requirement for utilities in Ohio and this number will grow to 0.5% by 2024.

Utilities that fail to comply will have to pay a Solar Alternative Compliance Payment (SACP) for each SREC (i.e. 1 Mega Watt Hour of electricity) they are short. For 2009, this has been set at $450. For 2010 and 2011 it will be $400, $350 for 2012 and 2013, and will continue to drop $50 every two years until it reaches $50 in 2024.

The SACP somewhat represents the ceiling price for SRECs. This is the first year that the SREC requirement is significant in Ohio where the demand is expected to be higher than supply. This means utilities will be willing to pay prices closer to the SACP. Therefore, our suggestion would be to not enter into long-term contracts, at least for now, as the future of the SREC market is still not fully certain.

PA, MD, DC, and OH accept out of state SRECs for now. For those of you who wish to be able to sell your certificates in these states, your system needs to be registered in that state and have a separate State Certification Number. We will soon put up information on the procedure.

How to get started in Ohio:

1. Certify your PV system: your installer will provide you with the information to get your system certified by the state.

2. Start selling your SRECs:

Option A: Sign up for our EasyBid service, and we’ll handle your SRECs. We’ll take care of registering your system to generate SRECs, and cross-listing your SRECs on our multi-state auction platform every month to make sure you get the best price for your SRECs.

Option B: Users who choose to manage their own SREC accounts can register with GATS or MISO in Ohio. Then post your SRECs every month on SRECTrade.com or find a third-party to sell your SRECs.