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.

PJM Region Map

 

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