Archive for the ‘Massachusetts’ Category

Massachusetts DOER Discusses Final Design to Bring Renewable Thermal into APS

Posted December 19th, 2014 by SRECTrade.

On Tuesday, December 16th the DOER presented a draft of their final design for guidelines pertaining to the inclusion of renewable thermal technologies in the Massachusetts Alternative Portfolio Standard (APS). Per the statute, the DOER will be including technologies that generate useful thermal energy from sunlight, biomass, biogas, liquid biofuel or naturally occurring temperature differences in the ground, air, or water, and has been conducting a comprehensive stakeholder review prior to the formal rulemaking process next year.

While the regulations will likely not go into effect until Summer 2015, the current draft proposes to be retroactive, so that eligible systems installed from January 1, 2015 onwards could qualify for the APS. This is welcome news for renewable technologies such as Solar Hot Water systems, which are not currently included in the state’s Renewable Portfolio Standard (RPS) nor the APS.

Here we will highlight several aspects of the regulation that are especially important for Solar Hot Water installers and owners. Under the proposed draft, eligible solar thermal technologies must be:

- Active solar thermal technology using evacuated tubes or flat place collectors for space heating, domestic hot water, or process hot water.

In terms of the specific registration metering requirements, the draft designates a cutoff between “Small” and “Large” solar thermal systems at surface area of 660 square feet. Larger systems will likely be required to adhere to stringent metering and reporting standards, while small systems will be able to produce Alternative Energy Credits (AECs) based off of the projected output of their system.

In order to reduce the complexity of AEC sales for residential and small commercial owners that fall under the “Small” category of each of these renewable thermal technologies, the DOER is proposing a 10-year upfront strip of AECs in lieu of producing AECs over time. Non-emitting renewable thermal technologies, like Solar Hot Water, would also receive a multiplier on their credits in recognition of their environmental advantage and current higher levelized cost.

Currently the MA APS market is undersupplied, with credits trading in the range of $15-$20/AEC. SRECTrade will continue to follow these regulations closely and keep stakeholders informed on how we will be assisting system owners with AEC transaction and management services.

December 11, 2014 Massachusetts SREC Market Update Webinar Slides and Recording Available

Posted December 12th, 2014 by SRECTrade.

On December 11, 2014, SRECTrade hosted a webinar on the MA SREC market. For access to the slides please click here: SRECTrade 12/11/14 MA SREC Update. For access to a video recording of the webinar, click the image below.

This document and recording is protected by copyright laws and contains material proprietary to SRECTrade, Inc. It or any components may not be reproduced, republished, distributed, transmitted, displayed, broadcast or otherwise exploited in any manner without the express prior written permission of SRECTrade, Inc. The receipt or possession of this document 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 these materials is granted, a link to the current version of this document on the SRECTrade website must be included for reference.

Massachusetts DOER Announces Updated SREC-I and II Requirements

Posted December 2nd, 2014 by SRECTrade.

Today, the Massachusetts Department of Energy Resources (MA DOER) announced the estimated megawatt hour compliance exemptions for SREC-I and SREC-II. Results were derived from a survey of retail electric suppliers serving power in the state.

According to the survey, the expected impact on 2014 and 2015 SREC demand for the SREC-II program, due to exempt load, will be a 35% decrease (14.6k SRECs) for 2014 and a 19% decrease (31.0k SRECs) for 2015. Additionally a small portion of SRECs (25.3k) from the SREC-I program will be exempt in 2015, a 2.4% decrease. Any potential impact on requirements for 2016 onward have not yet been provided. The chart below demonstrates the SREC-II obligation decrease, original vs. estimate, in 2014 and 2015.

For the latest on MA SREC pricing click here: December 2014 SREC Price Update

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Massachusetts Market Update Webinar – December 11th at 2 pm ET

Posted November 25th, 2014 by SRECTrade.

SRECTrade will host a webinar on Thursday, December 11th at 2 pm ET to review the Massachusetts SREC market.

Items to be covered in the webinar:

  • SREC-I and SREC-II market pricing and supply
  • The latest from the Net Metering and Solar Task Force
  • Next steps for net metering and solar policy development in Massachusetts

Register for the webinar here.

Massachusetts DOER Announces Net Metering and Solar Task Force

Posted November 6th, 2014 by SRECTrade.

On November 6, the DOER announced the establishment of the Net Metering and Solar Task Force, pursuant to Ch. 251 of the Acts of 2014, Section 7. Information on Task Force members, meetings, and materials are available on the official website of the Executive Office of Energy and Environmental Affairs (EEA) here.

The first Task Force meeting will take place on Thursday, November 13th from 2:00 to 5:00 p.m. ET, at the Massachusetts Department of Environmental Protection office in Boston.

Task Force meetings are open to the public, but the DOER has requested that attendees RSVP to Marissa.Fimiani@state.ma.us, as space is limited. Although the meetings are open to the public, the DOER encourages stakeholders to work through Task Force members to provide input. In addition to the regular Task Force meetings, two Stakeholder meetings will be held to allow for public input.

There will be a call-in number for those who are not able to travel to Boston, which will likely be posted on the EEA site referenced above.

The Task Force members are:

Member
Meg Lusardi, DOER Commissioner; Task Force Co-Chair
Kate McKeever, DPU Commissioner; Task Force Co-Chair
Benjamin B. Downing, Senator
Brian S. Dempsey, Representative
To Be Appointed By Senator Bruce E. Tarr
To Be Appointed By Representative Bradley H. Jones
Paul Brennan, Attorney General’s Office
David Colton, Easton Town Administrator
Robert Rio, Associated Industries of Massachusetts
Charles Harak, National Consumer Law Center
William Stillinger, PV Squared
Fred Zalcman, SunEdison
Janet Besser, New England Clean Energy Council
Geoff Chapin, Next Step Living
Lisa Podgurski, International Brotherhood of Electrical Workers Local 103
Camilo Serna, Northeast Utilities
Amy Rabinowitz, National Grid

 

MA DOER Revises 2016 Managed Growth SREC-II Capacity

Posted September 18th, 2014 by SRECTrade.

On September 18, 2014, the Massachusetts Department of Energy Resources announced a revision to the Managed Growth allocation for 2016. The DOER explains that after “a careful review of all the comments received, DOER determined that some valid arguments existed for scaling back its initial projections, and therefore decided to make some alterations to its analysis.”

The net result is a 20 MW allocation to the Managed Growth sector for 2016. Initially, DOER indicated the allocation would be zero when the first analysis was published on August 26.

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.

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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.