Archive for the ‘SREC Pricing’ Category

September 2014 SREC Pricing Update and Auction Results

Posted September 4th, 2014 by SRECTrade.

As of September 4, 2014, below is a summary of indicative pricing across the SREC markets SRECTrade covers (for a PDF copy click here). For September 2014 auction results, scroll down.

9_4_14 pricing

Note: All pricing and notes included are indicative and subject to change. Please contact us for most current markets. If a market is not quoted herein, please contact us directly for further information. 

SRECTrade’s September 2014 SREC Auction closed on 9/3/2014. The clearing prices presented below are representative of transactions executed through the SRECTrade auction. This does not include over the counter spot and forward contract transactions completed through SRECTrade’s brokerage desk. For more information on our brokerage services for corporate clients please click here. Below are the clearing prices by vintage across the SRECs transacted in the auction.

Auction Prices SREC Vintage Year
State 2012 2013 2014 2015
Delaware N/A $55.00 $55.00 N/A
Maryland $120.05 $123.01 $132.00 N/A
Massachusetts SREC-I N/A N/A N/A N/A
New Jersey $150.51 $153.01 N/A $165.00
Ohio Sited N/A N/A N/A N/A
Ohio Adjacent N/A N/A N/A N/A
Pennsylvania N/A $20.05 $25.05 $29.05
Washington, DC N/A N/A $480.00 N/A

The next SRECTrade auction for the PJM SREC markets will close on Thursday, October 2nd, 2014 at 5 p.m. ET.

This document 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.

August 2014 SREC Pricing Update and Auction Results

Posted August 5th, 2014 by SRECTrade.

As of August 5, 2014, below is a summary of indicative pricing across the SREC markets SRECTrade covers (for a PDF copy click here). For August 2014 auction results, scroll down.

pricing 8_5

Note: All pricing and notes included are indicative and subject to change. Please contact us for most current markets. If a market is not quoted herein, please contact us directly for further information. 

SRECTrade’s August 2014 SREC Auction closed on 8/1/2014. The clearing prices presented below are representative of transactions executed through the SRECTrade auction. This does not include over the counter spot and forward contract transactions completed through SRECTrade’s brokerage desk. For more information on our brokerage services for corporate clients please click here.

Below are the clearing prices by vintage across the SRECs transacted in the auction.

Auction Prices SREC Vintage Year
State 2012 2013 2014 2015
Delaware $60.00 $60.00 $60.00 N/A
Maryland $121.01 $126.01 $126.01 N/A
Massachusetts SREC-I N/A N/A N/A N/A
New Jersey $150.05 $151.05 $155.01 $158.00
Ohio Sited N/A N/A $33.00 N/A
Ohio Adjacent N/A N/A $33.00 N/A
Pennsylvania $20.05 $21.05 $33.00 $33.00
Washington, DC N/A $472.61 $482.50 N/A

The next SRECTrade auction for the PJM and MA SREC markets will close on Wednesday, September 3rd, at 5 p.m. ET.

This document 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.

July 2014 SREC Pricing Update and Auction Results

Posted July 17th, 2014 by SRECTrade.

As of July 17, 2014, below is a summary of indicative pricing across the SREC markets SRECTrade covers (for a PDF copy click here). For July 2014 auction results, scroll down.

pricing 7_17

Note: All pricing and notes included are indicative and subject to change. Please contact us for most current markets. If a market is not quoted herein, please contact us directly for further information. 

Additionally, SRECTrade’s July 2014 SREC Auction closed on 7/15/2014. The clearing prices presented below are representative of transactions executed through the SRECTrade auction. This does not include over the counter spot and forward contract transactions completed through SRECTrade’s brokerage desk. For more information on our brokerage services for corporate clients please click here.

Below are the clearing prices by vintage across the SRECs transacted in the auction.

Auction Prices SREC Vintage Year
State 2011 2012 2013 2014
Delaware N/A N/A N/A N/A
Maryland N/A $122.01 $126.01 $126.01
Massachusetts SREC-I N/A N/A N/A $271.00
New Jersey N/A $152.55 $153.55 $162.51
Ohio Sited N/A N/A N/A N/A
Ohio Adjacent N/A N/A N/A N/A
Pennsylvania N/A $30.05 $31.05 $32.05
Washington, DC N/A N/A $472.50 N/A

The next SRECTrade auction for the PJM and MA SREC markets will close on Friday, August 1st, at 5 p.m. ET.

This document 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.

June 2014 SREC Pricing Update and Auction Results

Posted June 4th, 2014 by SRECTrade.

As of June 3, 2014, below is a summary of indicative pricing across the SREC markets SRECTrade covers (for a PDF copy click here). For June 2014 auction results, scroll down.

2014_06_03_SRECTrade_SREC_Markets__for blog

Note: All pricing and notes included are indicative and subject to change. Please contact us for most current markets. If a market is not quoted herein, please contact us directly for further information. 

Additionally, SRECTrade’s June 2014 SREC Auction closed on 6/03/2014. The clearing prices presented below are representative of transactions executed through the SRECTrade auction. This does not include over the counter spot and forward contract transactions completed through SRECTrade’s brokerage desk. For more information on our brokerage services for corporate clients please click here.

Below are the clearing prices by vintage across the SRECs transacted in the auction.

Auction Prices SREC Vintage Year
State 2011 2012 2013 2014
Delaware $65.00 $65.00 $65.00 N/A
Maryland N/A $135.00 $135.00 $135.00
Massachusetts N/A N/A $270.01 N/A
New Jersey N/A $177.00 $177.00 $181.17
Ohio Sited N/A N/A N/A N/A
Ohio Adjacent N/A N/A N/A $45.00
Pennsylvania N/A $45.00 $45.00 $45.00
Washington, DC N/A $475.00 N/A $482.00

The next SRECTrade auction for the PJM and MA SREC markets will close on Tuesday, July 15th, at 5 p.m. ET.

This document is the copyright of SRECTrade, Inc. No portion of this document may be photocopied, reproduced, scanned into and electronic system or transmitted, forwarded or distributed in any way without prior consent of SRECTrade, Inc.

May 2014 SREC Pricing Update and Auction Results

Posted May 3rd, 2014 by SRECTrade.

As of May 1, 2014, below is a summary of indicative pricing across the SREC markets SRECTrade covers (for a PDF copy click here). For May 2014 auction results, scroll down.

2014_05_01_SRECTrade_SREC_Markets__for blog

Note: All pricing and notes included are indicative and subject to change. Please contact us for most current markets. If a market is not quoted herein, please contact us directly for further information. 

Additionally, SRECTrade’s May 2014 SREC Auction closed on 5/01/2014. The clearing prices presented below are representative of transactions executed through the SRECTrade auction. This does not include over the counter spot and forward contract transactions completed through SRECTrade’s brokerage desk. For more information on our brokerage services for corporate clients please click here.

Below are the clearing prices by vintage across the SRECs transacted in the auction.

Auction Prices SREC Vintage Year
State 2011 2012 2013 2014
Delaware $50.00 $50.00 $50.00 N/A
Maryland N/A $130.01 $130.01 $134.00
Massachusetts N/A N/A $262.01 N/A
New Jersey N/A $162.52 $167.52 $175.37
Ohio Sited N/A N/A N/A $57.01
Ohio Adjacent N/A N/A N/A $49.99
Pennsylvania N/A $48.01 $50.01 $53.00
Washington, DC N/A N/A N/A $482.00

The next SRECTrade auction for the PJM and MA SREC markets will close on Tuesday, June 3 at 5 p.m. ET.

This document is the copyright of SRECTrade, Inc. No portion of this document may be photocopied, reproduced, scanned into and electronic system or transmitted, forwarded or distributed in any way without prior consent of SRECTrade, Inc.

April 2014 Auction Results

Posted April 16th, 2014 by SRECTrade.

SRECTrade’s April 2014 SREC Auction closed on 4/15/2014. Below are the clearing prices by vintage across the SRECs transacted in the auction.

SREC Prices SREC Vintage Year
State 2011 2012 2013 2014
Delaware N/A N/A N/A N/A
Maryland N/A N/A $145.00 $125.00
Massachusetts N/A $257.48 $257.48 N/A
New Jersey N/A N/A $160.01 $166.01
Ohio Sited N/A N/A N/A $46.31
Ohio Adjacent N/A N/A $51.00 N/A
Pennsylvania N/A N/A $40.00 $51.00
Washington, DC N/A N/A $485.00 $480.00

The next SRECTrade auction for the PJM and MA SREC markets closes on Thursday, May 1 at 5 p.m. ET.

March 2014 Auction Results

Posted March 5th, 2014 by SRECTrade.

SRECTrade’s March 2014 SREC Auction closed on 3/4/2014. Below are the clearing prices by vintage across the SRECs transacted in the auction.

SREC Prices SREC Vintage Year
State 2011 2012 2013 2014
Delaware N/A N/A $40.00 N/A
Maryland N/A N/A $135.00 $135.01
Massachusetts N/A N/A N/A N/A
New Jersey N/A $151.51 $155.01 $161.00
Ohio Sited N/A N/A $65.00 N/A
Ohio Adjacent N/A N/A $55.00  N/A
Pennsylvania N/A N/A $55.00 $55.00
Washington, DC N/A N/A $480.00 $480.00

The next SRECTrade auction for the PJM and MA SREC markets closes on Tuesday, April 15 at 5 p.m. ET.

February 2014 Auction Results

Posted February 7th, 2014 by SRECTrade.

SRECTrade’s February 2014 SREC Auction closed on 2/5/14. Below are the clearing prices by vintage across the SRECs transacted in the auction.

SREC Prices SREC Vintage Year
State 2011 2012 2013 2014
Delaware N/A $40.00 $42.00 N/A
Maryland N/A $130.00 $150.00 N/A
Massachusetts N/A N/A $245.00 N/A
New Jersey N/A $160.01 $169.00 $169.00
Ohio Sited N/A $60.00 $61.00 N/A
Ohio Adjacent $48.01 $50.01 $58.00  N/A
Pennsylvania N/A $57.00 $57.00 $60.00
Washington, DC $480.00 $480.00 $480.00 N/A

The next SRECTrade auction for the PJM and MA SREC markets closes on Tuesday, March 4th at 5 p.m. ET.

September 2013 Auction Results

Posted September 13th, 2013 by SRECTrade.

SRECTrade’s September 2013 SREC Auction closed on 9/06/13. Below are the clearing prices by vintage across the markets sold in the auction.

September SREC Prices SREC Vintage Year
State 2011 2012 2013 2014*
Delaware $33.00
Maryland $111.00 $120.01 $130.00
Massachusetts $241.01
New Jersey $125.00 $130.01 $134.01
Ohio In-State $41.00
Ohio Out-of-State
Pennsylvania $9.00 $13.26
Washington, DC $480.00 $480.00 $480.00

Notes:
*Delaware, New Jersey and Pennsylvania operate on a June-May energy year. For example, current vintage “2014” SRECs are generated beginning in June of 2013.
Green text represents a price increase over the last auction clearing price for that vintage, red text represents a decrease. “-” reflects no sale, which would result if there were no SRECs available for sale in that vintage or there were no matching bids and offers to determine a clearing price.

State Market Observations:

Delaware: Current vintage DE SRECs traded at $33/SREC- up from $25 in the previous auction. The primary buyer for DE SRECs is Delmarva Power and Light (DPL) and most SRECs are sold through DPL’s SRECDelaware program which allows SREC asset owners to submit competitive applications in order to obtain 20 year SREC contracts. There continues to be limited need for SRECs outside of DPL’s program and demand outside the procurement program is expected to decrease over time.

Maryland: Just as with the August auction all eligible MD SREC vintages sold in the September auction. As SRECs age they tend to become less valuable and demand for older vintages tends to decrease.  MD2011s, MD2012s and MD2013s  transacted at $111.00, $120.01, and $130.00/SREC in the September auction.

Massachusetts: The September SRECTrade auction cleared 2013 vintage SRECs at $241.01.  For the latest info on the MA market read our MA blog posts.

New Jersey:  NJ2012,  NJ2013, and NJ2014 SRECs traded up to $125.00, $130.01, and $134.01/SREC, respectively. These prices are slightly higher than last month’s auction. While the NJ SREC market remains fundamentally over-supplied build rates have decreased. For a more detailed overview on pricing and supply and demand dynamics, please see our recent webinar.

Ohio: No SRECs transacted in the OH Adjacent market, although pricing tends to mimic the PA SREC market when transactions do occur. Both markets are severely over-supplied.  OH2013 sited SRECs traded at $41, a price in line with previous auctions.

Pennsylvania: PA2011s and PA2012s did not transact in the September auction.  PA2013s and PA2014s traded at $9.00 and $13.26/SREC respectively. Severe SREC oversupply keeps pricing low and reduces buyer incentive to purchase older vintage SRECs. 

Washington, DC: DC SREC pricing continues to experience high transaction values relative to the $500 SACP. DC2011, DC2012, and 2013 vintage SRECs traded at $480.00/SREC- the same as with the August auction. It is expected the market will continue to experience under supply into the 2013 trading year.

For historical auction pricing please see this link. The next SRECTrade auction for all SREC markets closes on Tuesday, October 15th at 5 p.m. ET.

August 2013 Auction Results

Posted August 16th, 2013 by SRECTrade.

SRECTrade’s August 2013 SREC Auction closed on 8/01/13. Below are the clearing prices by vintage across the markets sold in the auction.

August SREC Prices SREC Vintage Year
State 2011 2012 2013 2014*
Delaware $25.00
Maryland $122.00 $128.00 $133.00
Massachusetts $236.62
New Jersey $116.00 $121.00 $130.00
Ohio In-State $40.00
Ohio Out-of-State $13.00
Pennsylvania $4.01 $5.01 $13.00 $13.00
Washington, DC $480.00 $480.00

Notes:
*Delaware, New Jersey and Pennsylvania operate on a June-May energy year. For example, current vintage SRECs are generated beginning in June of 2013.
Green text represents a price increase over the last auction clearing price for that vintage, red text represents a decrease. “-” reflects no sale, which would result if there were no SRECs available for sale in that vintage or there were no matching bids and offers to determine a clearing price.

State Market Observations:

Delaware: Current vintage DE SRECs traded at $25/SREC- up from $10 in the previous auction. The DE SREC market is highly illiquid. The primary buyer for DE SRECs is Delmarva Power and Light (DPL). Most SRECs are sold through DPL’s SRECDelaware program, for which SREC asset owners submit competitive applications in order to obtain 20 year SREC contracts. There continues to be some need for SRECs outside of DPL’s program and compliance buyers with a need for DE sited but non-DPL derived demand will decline over time. SRECTrade administers both the DPL spot auction as well as the software behind the the SRECDelaware solicitations.

Maryland: All eligible MD SREC vintages sold in the August auction. As SRECs age they tend to become less valuable and demand for older vintages tends to decrease.  MD2011s, MD2012s and MD2013s  transacted at $122.00, $128.00, and $133.00/SREC in the August auction.

Massachusetts: The August SRECTrade auction sold available 2013 vintage SRECs at $236.62.  This occurred ahead of news on 2012 vintage SRECs deposited in the MA Solar Credit Clearinghouse Auction. For the latest info on the MA market read our MA blog posts.

New Jersey:  NJ2012,  NJ2013, and NJ2014 SRECs traded at $116.00, $121.00, and $130.00/SREC, respectively. Pricing for the 2012 and 2013 vintages represent slight increases from the July auction. This period was the first period in which NJ2014s transacted through our auction.

Ohio: The Ohio Adjacent market tends to mimic the PA SREC market. OH2013 adjacent vintage SRECs traded at $13/SREC, the same price as equivalent vintage SRECs in the PA market. OH2013 Sited SRECs traded at $40 and continues to experience minimal demand.

Pennsylvania: PA2011s, PA2012s, PA2013s, and PA2014s traded at $4.01, $5.01, $13.00 and $13.00/SREC respectively. SREC oversupply has kept pricing low. 

Washington, DC: DC SRECs continues to see high transaction values relative to the $500 SACP. DC2012 and 2013 vintage SRECs traded up to $480.00/SREC. It is expected the market will continue to experience under supply into the 2013 trading year.

For historical auction pricing please see this link. The next SRECTrade auction for all SREC markets closes on Friday, September 6th at 5 p.m. ET. To place an order, login here.