Texas does not currently have a viable SREC market as there is no solar carve-out. Under the state's current Renewable Portfolio Standard (RPS), though, REC trading is allowed. Today, the Texas market is predominately dominated by wind power generation. The state does have a target for non-wind technologies set at 500 MW by 2015. The Public Utilities Commission of Texas (PUCT) and Electric Reliability Council of Texas (ERCOT) are currently reviewing the non-wind target to potentially implement additional guidelines.
Eligible SREC Markets
None currently in place, but state RPS is set to achieve 500 MW of non-wind technology by 2015. Compliance premiums awarded for non-wind generation.
Microgenerators, units with a rated capacity of less than 1 MW, that fall within an aggregation account can use approved estimation techniques to report renewable energy production. Units utilizing this method will be awarded 80% of their actual MWh generated.
Upon registration with the PUCT and ERCOT.
No alternative compliance payment set for solar. Current compliance payment is $50 per mWh.
3 compliance periods - a 2010 SREC can be counted towards the 2010, 2011 or 2012 RPS.
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