Ohio

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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 lead 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

PA and OH

Tracking Registry

GATS or MRETS

Energy Year

Jan - Dec

Eligible System Locations

OH, PA, MI, IN, KY, WV

Market prices

Solar requirement

Reaching 0.50% of total electricity generated in 2024.

Meter readings

All generators must provide readings for SREC generation.

Eligibilty begins

At date of application to the Public Utilities Commission of OH (PUCO)

SACP

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.

SREC useful life

5 years - a 2014 SREC can be counted towards any RPS requirement from 2014-2018.

Market requirements

The breakdown of the state SREC market requirements as currently set by state legislation.

Energy Year Estimated Capacity Required (MW) Estimated SRECs Required (MWh) SACP
2009 4.9 5,852 $450
2010 12.8 15,415 $400
2011 38.7 46,424 $400
2012 76.2 91,474 $350
2013 116.1 139,269 $350
2014 157.1 188,478 $300
2015 159.4 191,305 $300
2016 161.8 194,175 $300
2017 205.3 246,359 $250
2018 250.1 300,065 $250
2019 310.2 372,248 $200
2020 372.1 446,528 $200
2021 435.8 522,953 $150
2022 501.3 601,570 $150
2023 568.7 682,428 $100
2024 638.0 765,577 $100
2025 709.2 851,066 $50
2026 782.5 938,948 $50
2027 794.2 953,032 $50
2028 806.1 967,328 $50

Source: EIA Report "Retail Sales of Electricity by State by Provider" updated 10/1/12. Projected SRECs Required utilizes the most recent EIA electricity data applying an average 1.5% 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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