Buyers - SRECTrade Procurement Services

If you are an electricity supplier looking to purchase SRECs to meet state renewable portfolio standard (RPS) compliance obligations, SRECTrade was established to provide a platform to help you meet your needs. Our platform is an online destination for executing transactions and providing information and services relating to solar renewable energy certificates. SRECTrade can assist organizations needing to meet RPS compliance requirements.

 

Monthly Spot Auctions

SRECTrade’s monthly spot SREC auctions began in August of 2008 and have expanded into every state and region that requires a solar carve out as part of a state's RPS. The SRECTrade spot auction allows buyers to access multiple markets in one online platform. SRECs purchased in the auction are assessed a flat $5/SREC fee. The auction has proven to be a competitive, efficient mechanism allowing buyers and sellers to transact in a transparent manner.

 

Auction Process

Auctions are closed on the business day after SRECs are minted at 5:00 p.m. Eastern. Up until the auction close, buyers can place revocable bids. After the auction close, bids become irrevocable. Buyers are notified the evening after the auction close if they were successful or not. If successful, a detailed transaction invoice is sent after the close of the next business day. SRECs are then transferred to the buyer's registry account two days after the auction close. For credit worthy buyers with successful bids, payments are due after delivery, enusuring a smooth and riskless transaction. Should a buyer not meet the credit qualificiations established by SRECTrade, collateral will be required upon order placement. Should this bid be succcessful, payment will be due prior to the delivery of SRECs.

Fixed-Price Forward Contracts

SRECTrade offers brokerage services for facilities 250kW and greater. Our fees are competitive and we execute every transaction with the utmost integrity and professionalism. SRECTrade vets projects prior to connecting buyer and seller to ensure project viability and successful completion.

For more information about procuring SRECs through SRECTrade, please contact Steven Eisenberg at steven.eisenberg@srectrade.com.