DC SREC Market
The District of Columbia recently passed a law preventing out-of-state systems registered after January 31 from participating in the DC SREC Market. The market is much more straightforward than other states with a set SACP through 2018. Though it is a small market, with a comparably low requirement, DC SRECs are trading well.
Pricing:
SREC Auction - Auction closing prices history
News:
DC Blog - Starting point for useful information regarding the District of Columbia SREC market
Other States in which Washington, DC facilities are eligible:
None
States Eligible for DC Market: DC
Energy Year: January 1 to December 31
Tracking Platform: GATS
SREC Useful Life: 3 years - a 2010 SREC can be counted towards the 2010, 2011 or 2012 RPS
Solar Requirement: Reaching 2.50% of total electricty generated in 2021
SACP: Fixed at $500 through 2016, delcining thereafter
Meter Readings: Facilities less than 10 kW can use estimated generation based on the PV watts calculator. All other facilities must submit monthly meter readings. Systems larger than 10 kW require a revenue grade meter.
Eligibility Begins: Upon date of interconnection or the beginning of the most recent energy year (whichever happens second).
|
Energy Year |
RPS Solar Requirement |
Projected SRECs Required (MWh) |
Projected Capacity Required (MW) |
SACP |
|
2011 |
0.40% |
48,221 |
40.0 |
$500 |
|
2012 |
0.50% |
61,180 |
51.0 |
$500 |
|
2013 |
0.50% |
62,098 |
52.0 |
$500 |
|
2014 |
0.60% |
75,635 |
63.0 |
$500 |
|
2015 |
0.70% |
89,564 |
75.0 |
$500 |
|
2016 |
0.825% |
107,141 |
89.0 |
$500 |
|
2017 |
0.98% |
129.180 |
108.0 |
$350 |
|
2018 |
1.15% |
153,862 |
128.0 |
$300 |
|
2019 |
1.35% |
183,330 |
153.0 |
$200 |
|
2020 |
1.58% |
217,783 |
181.0 |
$200 |
|
2021 |
1.85% |
258.824 |
216.0 |
$150 |
|
2022 |
2.175% |
308,858 |
257.0 |
$150 |
|
2023 |
2.5% |
360,334 |
300.0 |
$50 |
Source: EIA Report updated 11/15/11 "By End-Use Sector, by State, by Provider". Projected SRECs Required utilizes the most recent EIA electricity data applying an average 1.5% growth rate per forecast year. RPS Solar Requirement is multiplied by forecast Total Electricity Sales to arrive at Projected SRECs Required. Projected Capacity Required is based on a factor of 1.2 MWh generated per MW of installed capacity per year.
Useful Links:
DC Client Forms - All the forms necessary to sign up for SRECTrade's EasyREC service
New to Solar? - Getting Started - The nuts and bolts of getting started generating and selling SRECs
DSIRE: DC RPS - Details on the Renewable Portfolio Standard
The image below shows a map of the PJM Region. Any facilities cited within the territories highlighted are eligible to participate in the DC and PA SREC programs.
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