Ohio

The Ohio SREC market is oversupplied, much like its neighboring state of Pennsylvania. Under current market conditions, a substantial number of systems sited in PA and other bordering states look to OH to sell SRECs. This is especially true for systems located in states that do not have their own SREC market. However, since Ohio froze its RPS in 2014, the market has struggled with oversupply and an uncertain future.

For a period of time before January 2011, OH systems were eligible to apply to the DC SREC market. Today, OH-sited systems are only eligible to sell into OH. However, several bordering states are eligible for the OH market.

Prior to the 2014 freeze, OH-sited SRECs sold at a premium to SRECs from facilities in bordering states, due to an in-state/out-of-state distinction that was removed as part of the freeze. SRECTrade will be tracking Ohio as it decides what to do as the expiration of the freeze approaches.