Archive for the ‘Massachusetts’ Category

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.

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.