Delaware SREC Market
Delaware's SREC market will likely be weak compared to other states as the SACP is relatively low and the demand for DE SRECs is minimal. The majority of the electricity goes through Delmarva Power and there are a few very large installations that should help their LSEs meet the requirements. Delaware solar generators should look to other markets such as DC, PA and NC for better SREC pricing when selling their Delaware SRECs.
Pricing:
SREC Auction - Auction closing prices history
Delaware Long Term Forwards Contracts - Information on long term contracts for DE SRECs
Delaware Prepaid SREC Forwards - Information on prepaid contracts for DE SRECs
Other States in Which Delaware Facilities are Eligible:
Pennsylvania
District of Columbia
States eligible for DE Market: DE
Energy Year: June 1 to May 31
Tracking Platform: GATS
Meter Readings: All generators must provide readings for SREC generation
SREC Useful Life: 3 years - SRECs generated in 2010 can be counted towards either the 2010, 2011 or 2012 RPS
Solar Requirement: Reaching 0.5% of total electricty generated in 2021
SACP: $250 increasing to $300 if an LSE opts for the SACP in any previous year and up to $350 if the SACP has been charged in any two previous years. In addition, once the solar requirement is met, SRECs are worth 3x the regular REC price. That price is $25 increasing to $50 and $80 respectively if the ACP has been paid in either 1 or 2 or more previous years.
Meter Readings: Facilities must report generation from revenue grade meters.
Eligibility Begins: Upon date of interconnection.
| Energy Year |
RPS Solar Requirement |
Projected SRECs Required (MWh)
|
SACP |
| 2008-09 |
0.011% |
1,000 |
$250 |
| 2009-10 |
0.014% |
2,000 |
$250 |
| 2010-11 |
0.018% |
2,000 |
$250 |
| 2011-12 |
0.048% |
6,000 |
$250 |
| 2012-13 |
0.099% |
13,000 |
$250 |
| 2013-14 |
0.201% |
26,000 |
$250 |
| 2014-15 |
0.354% |
47,000 |
$250 |
| 2015-16 |
0.559% |
76,000 |
$250 |
| 2016-17 |
0.803% |
111,000 |
$250 |
| 2017-18 |
1.112% |
155,000 |
$250 |
| 2018-19 |
1.547% |
220,000 |
$250 |
| 2019-20 |
2.005% |
289,000 |
$250 |
Useful Links:
Delaware 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
Delaware Blog - Starting point for useful information regarding the Delaware SREC market
Registering in Delaware - Application details from the Delaware PSC
Cross-Listing your SRECs - Cross-Registering your system outside Delaware
DSIRE: Delaware RPS - Details on the Renewable Portfolio Standard
|
