The Ohio market is divided between in-state and out-of-state sited systems. Under the RPS rules, at least 50% of the solar requirements must come from in-state sited systems. Under current market conditions, a substantial number of systems from PA and other bordering states without SREC markets look to OH to sell SRECs. This has led to a division of markets which trade differently from one another. Look to PA for a comparison to the out-of-state OH market. For a period of time before January 2011, OH systems were eligible to apply to the DC SREC market.
Markets for OH systems
Eligible System Locations
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Reaching 0.50% of total electricity generated in 2024.
All generators must provide readings for SREC generation.
At date of application to the Public Utilities Commission of OH (PUCO)
The Solar Alternative Compliance Payment (SACP) is the penalty price, that power providers must pay per SREC if they are unable to file the required number of SRECs at the end of the compliance period. The OH SACP is set at $300 per SREC for 2013, declining at $50 bi-annually to a minimum of $50 in 2024.
5 years - a 2014 SREC can be counted towards any RPS requirement from 2014-2018.
The breakdown of the state SREC market requirements as currently set by state legislation.
|Energy Year||% Solar Requirement||Estimated SRECs Required (MWh)||SACP|
Source: EIA Report "Retail Sales of Electricity by State by Sector by Provider (EIA-861)" updated 3/23/15. Projected SRECs Required utilizes the most recent EIA electricity data applying an average 1.0% 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 1,200 MWh generated per MW of installed capacity per year. Projected Capacity Required assumes the amount of capacity needed to be operational all year to meet that year's RPS requirements with only current vintage SRECs.
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