EasyREC: A Different Approach to SREC Aggregation
Why we're different:
In contrast to other aggregation services, SRECTrade provides our clients with the information they need to get the best prices for their SRECs. We do not buy SRECs from our customers and we do not profit from markups or hidden price spreads. Our approach is to partner with our clients, educate them and help facilitate their transactions. Our revenues are percentage based, so we want to get our customers the best price.
About the service:
SRECTrade aspires to take a daunting process and make it as customer-friendly as possible. Since the entire SREC process can be tedious, SRECTrade has created a hands-free service called EasyREC. Once enrolled in EasyREC, SRECTrade will submit your application for state certification, set up your SREC tracking account, automatically check your account for SRECs every month and place your SRECs for sale. You set the minimum price at enrollment and you can change it or opt-out of the service at anytime. Here's how it works:
- Enroll in EasyREC by faxing the forms below to us at (732) 453-0065
- Submit your meter readings to us at the beginning of each month (if necessary)
- SRECTrade checks your account for SRECs prior to each auction
- After the auction, SRECTrade sends a check for all successful transactions
- This process is repeated every month
For Example:
Let's say you get 1 SREC a month and bid a minimum of $450. If in January, the price is $500, then your SREC is sold and we send you a check for $500 less the service fee. If in February, March, April and May, the clearing price is below $500, then your 4 SRECs are held onto until June. If the clearing price is $600 in June, your 5 SRECs are sold for a total of $3,000 and we send you a check less fees. If at any point you want to sell your SRECs outside our auction, you can notify us and we will be sure not to bid that month. Read what our customers have to say on our Testimonials page!
New: SRECTrade Forwards Exchange:
EasyREC customers will also benefit from access to the SRECTrade Forwards Exchange. Customers can opt to sell their SRECs forward to buyers in the market at asny time. Learn more about Forward Contracts.
State Certifications:
We will register your system in any state SREC program for which you are eligible (see our Cross-Listing blog post). If you are an existing customer and have not applied to your state for certification or if you find that you are eligible in additional states, please complete the State Certification Forms below.
Cost:
For customers in New Jersey, the EasyREC management fee is 3% of the sale price. The management fee is 5% for clients outside New Jersey. This covers the administrative costs of applying your facility for the various state certifications, setting up your SREC tracking account and managing your SREC transactions each month.
| |
Seller |
Buyer |
Description |
| Self Service |
0% |
3% |
Owner acquires certifications and manages own account at the registries. |
| EasyREC |
3% to 5% |
3% |
SRECTrade manages entire process of certification/registration; will manage creation, sale, & transfer of SRECs; fees are 3 - 5% of sale price of SRECs |
| Prepaid Forwards |
3% |
3% |
Buyer pays and seller receives upfront payment for SRECs to accrue in the future. Both buyers and sellers pay 3% commission on transaction price. |
| SREC Forwards |
1% |
1% / 3% |
Buyers and sellers pay 1% of notional value at the time of trade. Buyer pays additional 3% commission when seller delivers SRECs to fufill their committment. |
Enrolling in EasyREC is easy!
To sign up, simply download the following forms here and fax them to us at (732) 453-0065.
EasyREC SREC Management Forms:
EasyREC Forms (Except NJ, MA) - EasyREC, State Certification and SREC Account registration forms
New Jersey EasyREC Forms - All forms needed for New Jersey residents
Massachusetts EasyREC Forms - All forms needed for Massachusetts residents
Existing Customers:
State Certification Form Only - Existing customers applying for additional state certifications
Enable an Account for Forwards Trading:
Forwards Trading Account Application - Upgrade your SRECTrade account to trade forwards
For more information, feel free to call us at 1-877-466-4606 or fill out the contact us form.
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