Archive for the ‘Massachusetts’ Category

August 21, 2014 Massachusetts SREC Market Update Webinar Slides and Recording Available

Posted August 22nd, 2014 by SRECTrade.

On August 21, 2014, SRECTrade hosted a webinar on the MA SREC market. For access to the slides please click here: SRECTrade 8/21/14 MA SREC Update. For access to a video recording of the webinar, click the image below.

Note: For access to the latest net metering information, slide 15 was updated to include a link to the Mass ACA website.

2014_08_21_MA Webinar_thumbnail

Massachusetts Market Update Webinar – August 21st at 2 pm ET

Posted August 14th, 2014 by SRECTrade.

SRECTrade will host a webinar on Thursday, August 21st at 2 pm ET to review the Massachusetts SREC market.

The last several months in Massachusetts have been dynamic. The Massachusetts SREC-II program started on April 25, 2014. Also, sweeping legislation was proposed that would have fundamentally changed the Massachusetts solar  industry.

Items to be covered in Thursday’s webinar:

  • SREC-I and SREC-II market pricing and supply
  • The 3rd round successful outcome of the MA2013 SREC-I Solar Credit Clearinghouse Auction
  • Overview of the rise and fall of H.4185 (An act relative to net metering)
  • Next steps for net metering (and SREC policy) development in Massachusetts

Register for the webinar here.

Massachusetts Governor Deval Patrick Signed Net Metering Legislation on August 6, 2014

Posted August 8th, 2014 by SRECTrade.

S.2214, Massachusetts’ latest net metering legislation  was signed in to law by Governor Deval Patrick on August 6, 2014. The bill history is available here. The legislation raises the existing Massachusetts net metering capacity limits from 3% to 5 % of total load for public projects and 3% to 4% for private projects. Additionally, the legislation creates a new 17 member task force to review the long-term viability of net metering in the Commonwealth and develop recommendations on incentives and programs that will support the deployment of solar moving forward. The task force must first convene on or before October 1, 2014.

Massachusetts Update: SREC I Cap Released, SCCA Clears, and H4185 Quashed

Posted August 2nd, 2014 by SRECTrade.
It has been an extremely active week for the Massachusetts solar market. The DOER made an important announcement regarding the Solar Carve-Out Program Capacity Cap for the RPS Solar Carve-Out (SREC I) Program, the Solar Credit Clearing House Auction pushed through three rounds before clearing, and the uncertainty surrounding H. 4185 was finally settled by the House in a critical 11th hour amendment to S.2214.

SREC I Capacity Cap Released by the DOER

On July 31, 2014, the DOER announced that the final Solar Carve-Out Program Capacity Cap for the RPS Solar Carve-Out (SREC I) Program is 658.915 MW DC. Pursuant to 225 CMR 14.07(2)(e), this capacity figure will be used to calculate the final 2015 Minimum Standard by no later than August 30, 2014.
2013 Solar Credit Clearing House Auction Clears in Third and Final Round

On August 1, 2014, the third and final round of the 2013 Solar Credit Clearinghouse Auction* fully cleared, with bids outweighing available SRECs by 162.5%. The DOER’s announcement can be found here. There were a total of 232,060 bids placed for the 142,786 SRECs that were offered for sale. The final auction results are posted on the DOER’s website.

As reported by the DOER, depositors will receive $285 for every SREC that they deposited into the auction account. Bidders will receive their pro-rata share of the auction volume based on their bid volume. The SRECs purchased through the auction are eligible to be used for compliance in 2014, 2015, or 2016.

*The SCCA consists of three distinct “rounds” or opportunities for buyers to purchase SRECs at a fixed price. The incentive to purchase the SRECs increases with each round. A more complete description of SCCA can be found here.
Clients of SRECTrade who were successful in the SCCA should expect to receive confirmation of the sale sometime next week, after the SCCA Operator and Manager has confirmed the sale with SRECTrade.

 SREC-II Continues Ahead - H. 4185 quashed, caps raised in an Amendment to S.2214

On the last day for Formal Sessions in the 2014 Legislative Session, the Massachusetts House attached a rider to S.2214‘s Amendment 1, H.4385 to address the net energy metering caps and the future of the state’s solar incentive structure. Ultimately, the legislation increased the state’s net metering caps to allow for continued growth of the MA solar industry while keeping in place the state’s successful SREC program under the new SREC-II incentive structure.

The Amendment was sponsored by the House Committee on Ways and Means after the controversial H.4185 failed to make it out of the committee as a result of the conflicting pushback that the Committee received from stakeholders of the solar industry. For additional information on H.4185 and perspectives to amend the legislation please visit www.competitivesolar.org.

In relevant part, the rider made the following amendments to lift the cap on public projects from 3 percent to 5 percent of  a utility’s total power generation, while the cap for private projects would rise from 3 percent to 4 percent: “SECTION 5. Subsection (f) of section 139 of chapter 164 of the General Laws, as so appearing, is hereby amended by striking out, in line 68, the figure ‘3’ and inserting in place thereof the following figure:- 4.

SECTION 6. Said subsection (f) of section 139 of chapter 164, as so appearing, is hereby further amended by striking out, in line 70, the figure ‘3’ and inserting in place thereof the following figure:- 5.” Additionally, H.4385 would create a task force “to review the long-term viability of net metering in the commonwealth and develop recommendations on incentives and programs that will support the deployment of [Governor Deval Patrick's stated goal of installing] 1600 MW of solar generation facilities in the commonwealth [by 2020].” The task force would “convene its first meeting on or before October 1, 2014, and shall submit its report, along with any recommendations for legislative or regulatory reforms, on or before March 31, 2015,” providing for ample opportunity for stakeholder input and public commentary.

As of August 1, 2014, the House and the Senate have both enacted S.2214. Governor Patrick will still need to sign the bill into law.

Massachusetts 2015 SREC-I obligation announced

Posted July 8th, 2014 by SRECTrade.

Today, the Massachusetts Department of Energy Resources (DOER) announced preliminary numbers for the 2015 SREC-I obligation. Assuming no changes, the 2015 SREC-I obligation will be 909,837 SRECs. The announcement can be found here.

 

In Massachusetts, the SREC compliance obligation, the amount of SRECs power suppliers are required to purchase in any given year, is determined by a formula that takes in to account the amount of SRECs to be generated, SRECs banked from previous periods, and the number of SRECs deposited and purchased in the Solar Credit Clearinghouse Auction (SCCA). For the 2013 compliance period, 138,685 SRECs were deposited in the SCCA. If the SCCA does not clear in the first or second round, the preliminary 2015 compliance requirement will increase by a multiple 2 times the number of deposited SRECs. The first round of the 2013 SCCA will begin on Tuesday, July 29, 2014. For more information on the SCCA and the auction schedule click here.

For more details on how the 2015 compliance obligation was calculated click here: Preliminary Determination of CY 2015 Total Compliance Obligation and Minimum Standard

The table below demonstrates the 2015 compliance obligation if the SCCA clears in the first or second round or if the auction goes to the third round:

2015 Compliance Obligation

UPDATE: The DOER revised the 2015 SREC-I Minimum Standard percentage numbers on July 10, 2014. The DOER did not adjust the SREC compliance numbers. Original email can be found here. Please see the revised percentages below.

2015 Revised Compliance Percentage

Mass. DOER Seeks Stakeholder Input on Residential Solar Loan Program Design

Posted June 27th, 2014 by SRECTrade.

The Massachusetts Department of Energy Resources (DOER) recently announced a plan to solicit stakeholder input regarding the implementation of a Residential Solar Loan Program.  The goal of this program is to provide homeowners with access to solar loans while providing new business opportunities for local lenders. This new program is anticipated to launch in the fall of 2014.

Feedback will be solicited during three public stakeholder meetings hosted by the DOER.  The time and locations of these meetings are as follows:

Eastern Massachusetts
Monday June 30th,  10am – 12pm, Conference Room C & D, Second Floor, 100 Cambridge Street, Boston, MA

Western
 Massachusetts
Tuesday July 1st, 1pm – 3pm, Dining Commons, 1 College Drive, Greenfield Community College, Greenfield, MA

Central Massachusetts
Wednesday July 2nd, 10am – 12pm, Weiss Room, Massachusetts Technology Collaborative, 75 North Drive Westborough, MA

To RSVP for a meeting please email: (emma.krause@state.ma.us )

A copy of the official announcement letter can be found here.

MA DOER Solar Stakeholder Meeting Recap

Posted June 11th, 2014 by SRECTrade.

Today, the Massachusetts Department of Energy Resources (MA DOER) and representatives from the Solar Energy Industries Association (SEIA), New England Clean Energy Council (NECEC), and the Massachusetts regulated utilities presented their legislative proposal to address lifting solar net metering caps.

What This Legislation Covers

While the issue at hand is solar net metering, the bill also addresses several other areas, including the following:

  • Shifting the state’s successful, competitive Solar Renewable Energy Credit (SREC) incentive program to a declining block incentive program centrally administered by the MA regulated utilities (note SREC-I and SREC-II would be left in place as is. New capacity under SREC-II could be qualified through 2015);
  • Restructuring the rules associated with behind the meter, virtual meter, and non-net metered “merchant” projects; and
  • Implementing a minimum bill, regardless of electricity used, for all regulated utility customers.

Unknown Aspects To Be Determined

Under the current version of the legislation, pricing for the declining block incentive program has not yet been set. It is proposed that the, “declining block values will be established through a DOER stakeholder process and DPU adjudication and will consider differential economic needs of various market sectors”. Additionally, “the amount of the minimum bill will be set in a DPU proceeding”.

Moving Forward

At this point, the bill is subject to a legislative process. The state’s Joint Committee on Telecommunications, Utilities and Energy (TUE) is expected to move to refer a version of the legislation out of committee by Friday, June 13th. From there it is believed to be reviewed by the Joint Committee on Ways and Means. If this legislation were to move forward, it would then need to be moved to the floor of the senate or the house, passed, referred to the other side of the legislature and passed, and then signed into law by the Governor.

For access to the latest draft of the legislation click here. For a summary of the points as prepared by the MA DOER click here.

If you would like to influence the legislative process, we suggest you reach out to the TUE or Ways and Means committees and express your thoughts. Additionally, for a directory of MA legislators click here.

This process remains fluid with more information and updates forthcoming. We’ll continue to provide updates on our blog as they are available.

DOER Solar Stakeholder Meeting June 11th from 2-4pm at Federal Reserve Bank Boston

Posted June 10th, 2014 by SRECTrade.

Last Friday, the DOER released a joint-proposal made by regulated utilities in Massachusetts and a small group of solar industry stakeholders to lift the Massachusetts net metering caps in exchange for the end of the Massachusetts SREC program in 2015. The DOER will host an open stakeholder meeting to discuss the legislative proposal on Wednesday, June 11th from 2:00 – 4:00 pm ET at the Federal Reserve Bank in Boston (600 Atlantic Ave).

To attend Wednesday’s meeting you must RSVP by emailing doer.srec@state.ma.us with the subject “June 11th RSVP”. Government issued ID must be presented at entry.

Below are PDF links to both the draft legislation and the DOER’s own highlights of the legislation’s salient points.

Steven Eisenberg (CEO) and Alex Sheets (Director of Environmental Markets) will represent SRECTrade at the meeting.

Massachusetts SREC-II Launches, Official Filing Posted

Posted April 30th, 2014 by SRECTrade.

The Massachusetts SREC-II program officially launched on Friday, April 25th. The official filing can be  found here and program guidelines are here. However, the application window for the new program does not open until May 6th. Any applications submitted to SRECTrade prior to May 6th will be processed with the Massachusetts Department of Energy Resources (DOER) starting on May 6th.

Once a facility receives a Permission to Operate (PTO) from its interconnecting utility, SREC-II applications should be submitted using SRECTrade’s online application. Applicants may also apply for an Assurance of Qualification from the DOER provided that the application meets certain criteria outlined in the “How to apply in the Assurance of Qualification with SRECTrade” section below. The DOER’s official guidelines for Assurance of Qualification are here.

Key highlights of the MA SREC-II program

  1. MA SREC-II system owners can actively market offers to sell SRECs. Contact us directly to help facilitate any orders.
  2. The total capacity of the SREC-II program will be determined after the final SREC-I capacity is announced; by July 31, 2014 (i.e., 1,600 MW less Total SREC-I qualified capacity)
  3. Facilities are separated by Market Sectors based upon facility type, size and other characteristics. See below.
  4. Market Sector eligibility determines the ratio of SRECs issued relative to power produced. See below.
  5. Facilities greater than 650 kW DC in capacity, that are not eligible for other Market Sectors, fall under the Managed Growth sector.
  6. Unlike other Market Sectors, the Managed Growth sector is capped year over year. The 2014 capacity limit is 26 MW. The 2015 capacity limit is 80 MW.
  7. Facilities are eligible to apply for an Assurance of Qualification (i.e., a place in the SREC-II program assuming other future criteria are met) without first obtaining a Permission to Operate (PTO). This is most relevant for systems that fall under Managed Growth.
  8. Given the limited capacity of the Managed Growth sector, we recommend that impacted facilities apply for an Assurance of Qualification. It is expected that this capacity will be filled quickly.

Click here for a PDF of slides (complete with program definitions) and here for a link to a recording of our webinar covering the launch of SREC-II. Below is the summary of the various SREC-II Market Sectors:

Market Sectors and Factors

How to Apply for an Assurance of Qualification with SRECTrade

You may apply for an Assurance of Qualification using SRECTrade’s online application starting Tuesday, May 6th. If you would like to submit the Assurance of Qualification documentation prior to May 6th, please contact us directly.

What’s Required to Submit an Assurance of Qualification?

Assurance of Qualification applications require the same information needed for a Statement of Qualification application. Additionally, the information detailed below is also required and must be uploaded to SRECTrade’s online application form.

  1. An executed Interconnection Service Agreement (ISA), as tendered by the distribution company;
  2. Adequate site control (a sufficient interest in real estate or other contractual right to construct the Unit at the location specified in the Interconnection Service Agreement); and
  3. All necessary governmental permits and approvals to construct the Unit with the exception of ministerial permits, such as a building permit, and notwithstanding any pending legal challenge(s) to one or more permits or approvals.

Please note, SREC-II Assurance of Qualifications will be filled based on date of application submission. The ISA date of execution will serve as a tie breaker for applications submitted on the same day, and if the ISA date is the same for multiple applicants, the DOER will utilize a lottery process to determine the queuing position of the Assurance of Qualification application. Additionally, the DOER has provided preliminary guidance that the first week of Assurance of Qualification submissions will be treated as if they were submitted on the same day. For example, date of submission from May 6th through May 13th, will not be used to determine receipt of Assurance of Qualification. Rather, the ISA will be the first determining factor.

Also, the DOER has been recommending that projects outside of the Managed Growth category do not need to submit an application for Assurance of Qualification. There will be plenty of room under the SREC-II cap and it is not necessary during the initial stage of the program. Lastly, smaller residential and commercial projects (i.e., 25 kW and less) will likely be provided room under a future provision as the program gets close to meeting its cap.

For applications related questions

Allyson Umberger
Director of Regulatory Affairs and General Counsel
allyson.umberger@srectrade.com
(415) 763-7790

For brokerage related questions

Alex Sheets
Director of Environmental Markets
alex.sheets@srectrade.com
(802) 989-2617

For installer related questions

Sam Rust
Director of Business Development
sam.rust@srectrade.com
(415) 729-3546

Other contacts

Steven Eisenberg
Chief Executive Officer
steven.eisenberg@srectrade.com
(415) 702-0863

Tom MacKenty
Associate, Environmental Markets
tom.mackenty@srectrade.com
(415) 409-8537

 

Massachusetts SREC-II Intro Webinar Posted

Posted April 22nd, 2014 by SRECTrade.

SRECTrade hosted a webinar on Monday, 4/21/2014, outlining the MA SREC-II program. A recording of the webinar is available by clicking the image below.

A link to a PDF of the presentation can be found here. The slides contain additional market sector and other SREC-II legal definitions not included in the original webinar presentation.