Posts Tagged ‘SREC Prices’

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.

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.

July 2013 Auction Results

Posted July 12th, 2013 by SRECTrade.

SRECTrade’s July 2013 SREC Auction closed on 7/02/13. Below are the clearing prices by vintage across the markets covered in the auction.

July SREC Prices SREC Vintage Year
State 2011 2012 2013*
Delaware $10.00
Maryland
$125.00 $130.00
Massachusetts
New Jersey $115.25 $115.25 $120.25
Ohio In-State
Ohio Out-of-State $12.00
Pennsylvania $8.00 $10.00
Washington, DC $470.00 $470.00

Notes:
*Delaware, New Jersey and Pennsylvania operate on a June-May energy year. For example, current vintage SRECs are generated beginning in June of 2012.
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 $10/SREC- down from $35 in the previous auction. The DE SREC market is highly illiquid. Transactions for DE SRECs tend to happen in spurts. Sale opportunities should be taken advantage of when available for systems that are not contracted under Delmarva Power and Light’s SRECDelaware program. 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: MD eligible SREC prices saw a slight bump from last month’s SRECTrade auction prices, but MD 2011s did not transact. As SRECs age they tend to become less valuable and opportunities to sell tend to decrease.  MD2012s and MD2013s  transacted at $125.00/SREC and $130.00/SREC in the July auction.

Massachusetts: The July SRECTrade auction saw no SRECs transact because all unsold SRECs have been moved to the DOER Solar Credit Clearinghouse NEPOOL-GIS auction account. The first 2013 SRECs (from Q1 2013 power production) will be minted on July 15th. SRECTrade will hold an auction for those SRECs then. The DOER Solar Credit Clearinghouse auction will run its first iteration on July 26th. For the latest info on the MA market read our MA blog posts.

New Jersey: NJ SREC prices declined again in the July auction for the 2012 and 2013 vintages; a logical trend given the oversupply in the New Jersey market.  NJ2011,  NJ2012, and NJ2013 SRECs traded at $115.25, $115.25, and $120.25/SREC, respectively. Excluding unsold SREC supply carried over from previous vintages, approximately 496.7 MW of annual installed operational capacity  is required to meet the 2013 requirement. As of, 6/30/2013, the NJ Office of Clean Energy reported that 1,094 MW had been installed in NJ.

Ohio: Similar to the June auction no transaction occurred for OH sited SRECs this auction period. OH 2013 adjacent vintage SRECs traded at $12/SREC. 2013 is expected to continue to experience oversupply and minimal demand. Most demand for OH Sited SRECs has been fulfilled through long term agreements with large utility scale projects or through long term RFPs with the state’s regulated utilities.

Pennsylvania: PA2012 and 2013 SRECs traded at $8/SREC  and $10/SREC respectively, slightly down from previous auctions. SREC oversupply will continue to result depressed SREC pricing for the foreseeable future. 

Washington, DC: DC SRECs continue to see high transaction values relatively to the $500 SACP. DC 2012 and 2013 vintage SRECs traded at $470.00/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 MA SRECs closes on Monday, July 15th at 5 p.m. ET. A joint, PJM and MA solar auction will be held 8/1/2013. To place an order, login here.

June 2013 SRECTrade Auction Results

Posted June 14th, 2013 by SRECTrade.

SRECTrade’s June 2013 SREC Auction closed on 6/04/13. Below are the clearing prices by vintage across the markets covered in the auction.

June SREC Prices SREC Vintage Year
State 2011 2012 2013*
Delaware $35.00
Maryland $107.00
$115.00 $122.50
Massachusetts $215.00
New Jersey $115.00 $125.00 $130.00
Ohio In-State
Ohio Out-of-State $14.00 $14.00 $14.00
Pennsylvania $10.00 $11.00
Washington, DC $488.98

Notes:
*Delaware, New Jersey and Pennsylvania operate on a June-May energy year. For example, current vintage SRECs are generated beginning in June of 2012.
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 $35/SREC. 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: MD eligible SREC prices came down again from last month’s SRECTrade auction prices. MD2011s, MD2012s, and MD2013s  transacted at $107.00/SREC, $115.00/SREC, and $122.50/SREC, respectively, in the June auction.

Massachusetts: The MA2012 auction price increased from $200/SREC in May to $215/SREC in the June auction. Unsold SRECs need to be deposited in the DOER Solar Credit Clearinghouse Auction NEPOOL-GIS account by June 15, 2013. SRECs that are not deposited in the DOER auction will not be eligible for future transactions. SRECTrade expects that approximately 45,000 SRECs will be deposited in the DOER auction. For the latest info on the MA market read our MA blog posts.

New Jersey: NJ SREC prices declined in the June auction.  NJ2011,  NJ2012, and NJ2013 SRECs traded at $115.00, $125.00, and $130.00/SREC, respectively. The New Jersey market remains over-supplied. Excluding unsold SREC supply carried over from previous vintages, approximately 496.7 MW of annual installed operational capacity  is required to meet the 2013 requirement. As of, 5/31/2013, the NJ Office of Clean Energy reported that 1,078.4 MW had been installed in NJ.

Ohio: No transaction occurred for OH sited SRECs this auction period. OH2011, 2012 and 2013 adjacent vintage SRECs traded at $14/SREC. 2013 is expected to continue to experience oversupply and minimal demand. Most demand for OH Sited SRECs has been fulfilled through long term agreements with large utility scale projects or through long term RFPs with the state’s regulated utilities.

Pennsylvania: PA2012 and 2013 SRECs traded at $10/SREC respectively, in line with previous auctions. SREC oversupply will continue to lead depressed SREC pricing for the foreseeable future. 

Washington, DC: DC SRECs continue to increase in value. DC 2013 vintage SRECs traded at $488.98. 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 closes on Tuesday, July 2nd at 5 p.m. ET and will cover PJM  SRECs only. Click here to sign in and place an order.

Any unsold MA 2012 SRECs should be deposited in the the DOER auction NEPOOL-GIS account by June 15th. SRECTrade will automatically transfer unsold MA SRECs for its EasyREC clients. This June 15th deadline only affects facilities that are sited in MA and eligible for the MA SREC program.

May 2013 SRECTrade Auction Results

Posted May 22nd, 2013 by SRECTrade.

SRECTrade’s May 2013 SREC Auction closed on 5/01/13. Below are the clearing prices by vintage across the markets covered in the auction.

May SREC Prices SREC Vintage Year
State 2011 2012 2013*
Delaware $35.00
Maryland $115.00
$120.00 $125.00
Massachusetts $200.00
New Jersey $120.00 $135.01 $140.01
Ohio In-State $50.00
Ohio Out-of-State $10.00 $14.00 $14.00
Pennsylvania $10.00 $13.00
Washington, DC $405.00 $420.00

Notes:
*Delaware, New Jersey and Pennsylvania operate on a June-May energy year. For example, current vintage SRECs are generated beginning in June of 2012.
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: The Delaware 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 SRECs have recently started to submit bids for SRECs. Futhermore, DPL is also currently holding it’s own spot auction for SRECs in order to cover its 2012 energy year position outside of the SRECs that it procured through the SRECDelaware program. The spot auction order window closes on 5/22/2013.  SRECTrade administers both the DPL spot auction as well as the software behind the the SRECDelaware solicitations.

Maryland: MD eligible SREC prices came down from last month’s SRECTrade auction prices. MD2011s, MD2012s, and MD2013s  transacted at $115/SREC, $120/SREC, and $125/SREC, respectively, in the May auction.

Massachusetts: Following on the heels of the 2012 Q4 SREC issuance in April 15, MA2012 SRECs traded at $200/SREC, in line with pricing throughout 2012 vintage trading. MA2012 vintage SRECTrade auction prices have transacted between a low of $181.50/SREC in April 2013 and a high of $271.05/SREC in July 2012. Unsold SRECs should be deposited in the DOER Solar Credit Clearinghouse Auction NEPOOL-GIS account by June 15, 2013. SRECs that are not deposited in the DOER auction will not be eligible for future transactions. SRECTrade expects that approximately 45,000 SRECs will be deposited in the DOER auction.  For more on the MA market read our MA blog posts.

New Jersey: A rush on NJ vintage 2011, 2012, and 2013 SRECs pushed May auction pricing up. NJ2011,  NJ2012, and NJ2013 SRECs traded at $120.00, $135.01, and $140.01/SREC, respectively. The OTC market has experienced pricing increases in line with the auction pricing. This occurred despite NJ Office of Clean Energy announcements that the total installed capacity through 4/30/2013 is estimated to be 1,049 MW, a month over month increase of approximately 22.8 MW. The New Jersey market however, continues to be over-supplied. Not including unsold over-supply carried over from previous vintages, approximately 496.7 MW of annual installed operational capacity  is required to meet the 2013 requirement. As of, 5/15/2013, 995.6 MW were registered in GATS or two times the requirement. GATS registrations tend to lag behind NJ Office of Clean Energy Data by several months because of delays in registering facilities with GATS. NJ SRECs are credited back to date of interconnection.

Ohio: OH2013 Sited SRECs transacted at $50/SREC . OH2011, 2012 and 2013 adjacent vintage SRECs traded at $10, $14 and $14/SREC respectively. As in many auctions throughout the last year  there was no sale of the OH2012 sited vintages indicating the lack of demand and oversupply in the market. 2013 is expected to continue to experience oversupply and minimal demand. Most demand for OH Sited SRECs has been fulfilled through long term agreements with large utility scale projects or through long term RFPs with the state’s regulated utilities. 2012 compliance obligations are currently being finalized.

Pennsylvania: PA2012 and 2013 SRECs traded at $10 and $13/SREC respectively, in line with previous auctions. OTC transactions have been pricing slightly higher or in line with auction prints. SREC oversupply continues to impact PA’s market. 

Washington, DC: DC SRECs continue to trade up month over month. The 2012 and 2013 vintages increased to $405 and $420/SREC, respectively. 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 closes on Tuesday, June 4 at 5 p.m. ET and will cover PJM and MA Solar RECs. Click here to sign in and place an order.

March 2013 SREC Auction Results

Posted March 12th, 2013 by SRECTrade.

SRECTrade’s March 2013 SREC Auction closed on 2/28/13. Below are the clearing prices by vintage across the markets covered in the auction.

March SREC Prices SREC Vintage Year
State 2011 2012 2013*
Delaware
Maryland $135.00 $128.00
Massachusetts $220.00
New Jersey $100.00 $105.56 $112.00
Ohio In-State $40.00
Ohio Out-of-State $5.99
Pennsylvania $10.00
Washington, DC $386.12 $381.12

Notes:
*Delaware, New Jersey and Pennsylvania operate on a June-May energy year. For example, current vintage SRECs are generated beginning in June of 2012.
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.

For detailed analysis of SREC market prices and trends please subscribe to the SREC Market Monitor, a joint publication of Greentech Media’s GTM Research and SRECTrade.

State Market Observations:

Delaware: No DE SRECs transacted in the March auction. Most demand for DE SRECs will be through the DE SEU SREC Procurement Program solicitations. For the latest information on the upcoming 2013 solicitation click here: 2013 DE Program Announcement.

Maryland: MD2012 and MD2013 SRECs transacted at $135/SREC and $128/SREC, respectively, in the March auction. While MD12s in the over the counter (OTC) market transacted higher in the middle of the month, demand subsided at the end of the month. Compliance obligations for 2012 are currently being finalized.

Massachusetts: MA2012 SRECs traded at $220/SREC. OTC transactions have trended at the same levels between $220 and $230/SREC. SREC issuance volumes in Q1-Q3 2012 and October – December 2012 MWhs reported to the MA CEC demonstrate that 2012’s requirements have been met. The next SREC issuance for Q4 2012 generation will fall on April 15, 2013. The 2012 market will be oversupplied by approximately 50% of this year’s compliance obligation. On 2/27/13, the DOER announced proposed rule changes.

New Jersey: NJ2012 and NJ2013 SRECs traded up to $105.56 and $112/SREC, respectively. The NJ Office of Clean Energy announced total installed capacity through January 2013 was estimated to be 973.4 MW, a monthly increase of approximately 17.4 MW. Over the past few days OTC transactions have trended down to come inline with the March auction pricing. New Jersey’s regulated utilities will be hosting an auction for upwards of 60,000 NJ2013 SRECs on March 19. This auction will decrease demand and may result in continued downward pressure on SREC pricing.

Ohio: OH2013 Sited SRECs transacted at $40/SREC and OH2013 Adjacent SRECs traded at $5.99/SREC. There was no sale of the 2012 vintages indicating the lack of demand and oversupply in the market. 2013 is expected to continue to experience oversupply and minimal demand. Most demand for OH Sited SRECs has been fulfilled through long term agreements with large utility scale projects or through long term RFPs with the state’s regulated utilities. 2012 compliance obligations are currently being finalized.

Pennsylvania: PA2013 SRECs traded at $10/SREC, in line with the February 2013 auction. OTC transactions have been pricing slightly higher. SREC oversupply continues to impact PA’s market. 

Washington, DC: The 2010 and 2012 vintages increased to $355 and $386.12/SREC, respectively. Additionally, DC2013 SRECs traded at $381.12. Compliance entities are currently finalizing obligations for 2012. 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 closes on Monday, April 1 at 5 p.m. ET and will cover PJM Solar RECs. The next MA Solar REC auction will close on Monday, April 15 after the Q4 2012 NEPOOL GIS issuance. Click here to sign in and place an order.

February 2013 SREC Auction Results

Posted February 21st, 2013 by SRECTrade.

SRECTrade’s February 2013 SREC Auction closed on 2/1/13. Below are the clearing prices by vintage across the markets covered in the auction.

February SREC Prices SREC Vintage Year
State 2011 2012 2013*
Delaware
Maryland $140.00
Massachusetts $206.12
New Jersey $95.00 $110.00
Ohio In-State $40.00
Ohio Out-of-State $9.00
Pennsylvania $10.00
Washington, DC $366.13 $370.00

Notes:
*Delaware, New Jersey and Pennsylvania operate on a June-May energy year. For example, current vintage SRECs are generated beginning in June of 2012.
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.

For detailed analysis of SREC market prices and trends please subscribe to the SREC Market Monitor, a joint publication of Greentech Media’s GTM Research and SRECTrade.

State Market Observations:

Delaware: No DE SRECs transacted in the February auction.  Most demand for DE SRECs will be through the DE SEU SREC Procurement Program solicitations. For the latest information on the upcoming 2013 solicitation click here: 2013 DE Program Announcement.

Maryland: MD2012 SRECs have consistently transacted at $140/SREC over the past 3 auction periods. As Q1 2013 comes to a close any compliance entities needing MD12 SRECs will be wrapping up their purchases. It is expected that the market will  experience a small amount of oversupply for the 2012 compliance period.

Massachusetts: MA2012 SRECs traded at $206.12/SREC. SREC issuance volumes in Q1-Q3 2012 and October – December 2012 MWhs reported to the MA CEC demonstrate that 2012’s requirements have been met. The next SREC issuance for Q4 2012 generation will fall on April 15, 2013. The 2012 market will be oversupplied by approximately 50% of this year’s compliance obligation.

New Jersey: NJ2012 and NJ2013 SRECs traded up to $95 and $110/SREC, respectively. The NJ Office of Clean Energy announced total installed capacity through January 2013 was estimated to be 973.4 MW, a monthly increase of approximately 17.4 MW. Monthly install rates continue to surpass RPS requirements.

Ohio: OH2012 Sited SRECs increased to $40/SREC and OH2012 Adjacent SRECs traded at $9/SREC. Both markets are oversupplied. Most demand for OH Sited SRECs has been fulfilled through long term agreements with large utility scale projects or through long term RFPs with the state’s regulated utilities. 2012 compliance obligations are currently being finalized.

Pennsylvania: PA2013 SRECs traded at $10/SREC, $2/SREC less than the January 2013 auction. SREC oversupply continues to impact PA’s market. 

Washington, DC: The 2010, 2011, and 2012 vintages increased to $330, $366.13, and $370/SREC, respectively. Increases in price may continue as the 2012 and 2013 markets are under supplied.

For historical auction pricing please see this link. The next SRECTrade auction closes on Thursday, February 28th at 5 p.m. ET and will cover PJM and MA Solar RECs. The next auction will be the first in which 2013 vintage SRECs will be available in Maryland, Ohio, and Washington, DC. Click here to sign in and place an order.

December 2012 SREC Auction Results

Posted December 12th, 2012 by SRECTrade.

SRECTrade’s December 2012 SREC Auction closed last week. Below are the clearing prices by vintage across the markets covered in the auction.

December SREC Prices Energy Year Ending
State 2011 2012 2013*
Delaware
Maryland $140.00 $140.00
Massachusetts $206.96
New Jersey $82.00 $85.00
Ohio In-State $35.00
Ohio Out-of-State $8.99 $8.99
Pennsylvania $8.99
Washington, DC $300.00 $308.61

Notes:
*Delaware, New Jersey and Pennsylvania operate on a June-May energy year.
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.

For detailed analysis of SREC market prices and trends please subscribe to the SREC Market Monitor, a joint publication of Greentech Media’s GTM Research and SRECTrade.

State Market Observations:

Delaware: No DE SRECs transacted in the December auction.  The last auction price for DE2012 SRECs was $40.00 in the September 2012 auction. Most demand for DE SRECs will be through the DE SEU SREC Procurement Program solicitations. More information about these solicitations can be found at srecdelaware.com.

Maryland: MD2012 SRECs increased in price, trading at $140/SREC. The increase in price is a result of the Maryland Energy Administration’s announcement about how the SRECs from the Mount St. Mary’s University 17.4 MW project will be managed.

Massachusetts: MA2012 SRECs traded at $206.96/SREC. SREC issuance volumes in Q1 and Q2 2012 and July – November 2012 MWhs reported to the MA CEC demonstrate that 2012’s requirements have been met. The next SREC issuance for Q3 2012 generation will fall on January 15, 2013. The 2012 market will likely be oversupplied by approximately 50% of this year’s compliance obligation.

New Jersey: NJ2012 and NJ2013 SRECs traded up $12 and $15/SREC, respectively. Yesterday, the NJ Office of Clean Energy announced total installed capacity through November was estimated to be 950 MW, a monthly increase of approximately 31 MW. Monthly install rates continue to surpass RPS requirements.

Ohio: OH2012 Sited SRECs declined to $35/SREC and OH2011 Adjacent and OH2012 Adjacent SRECs traded at $8.99/SREC. Both markets are oversupplied. Most demand for OH Sited SRECs has been fulfilled through long term agreements with large utility scale projects or through long term RFPs with the state’s regulated utilities. Given the current market, it is likely there will be minimal demand for the remaining part of the 2012 compliance year.

Pennsylvania: PA2013 SRECs traded at $8.99/SREC, inline with the November 2012 auction. SREC oversupply continues to impact PA’s market. 

Washington, DC: The 2011 and 2012 vintages increased to $300 and $308.61/SREC, respectively. Increases in price may continue as the 2012 market is likely under supplied given the estimated requirements for the 2012 compliance year.

For historical auction pricing please see this link. The next SRECTrade auction closes on Monday, January 7th at 5 p.m. ET and will cover PJM Solar RECs. The next SRECTrade MA SREC auction closes on Tuesday, January 15th at 5 p.m. ET. Click here to sign in and place an order.