Archive for March, 2016

Massachusetts SREC-II Update: March 3, 2016

Posted March 3rd, 2016 by SRECTrade.

On March 3, 2016, SRECTrade hosted a webinar on MA SREC-II. The Webinar included an update on the following:

  • Program Overview
  • Current Status of SREC-II
  • Application Process Review
  • Program Outlook

For access to the slides, please click HERE.

For access to a video recording of the webinar, please click the image below:

This document and recording is protected by copyright laws and contains material proprietary to SRECTrade, Inc. It or any components may not be reproduced, republished, distributed, transmitted, displayed, broadcast or otherwise exploited in any manner without the express prior written permission of SRECTrade, Inc. The receipt or possession of this document does not convey any rights to reproduce, disclose, or distribute its contents, or to manufacture, use, or sell anything that it may describe, in whole or in part. If consent to use these materials is granted, a link to the current version of this document on the SRECTrade website must be included for reference.

Maryland SREC Update: March 2016

Posted March 1st, 2016 by SRECTrade.

Recent public discussion of Maryland’s proposed increase to the state’s RPS requirements, as well as the introduction of the Clean Energy Jobs Act to the Maryland general assembly, has brought widespread attention to the status of Maryland’s environmental commodity markets.  Due to this focus we updated our capacity models for Maryland to account for the latest generation data available in GATS.

Our updated MD capacity presentation can be found here.

Through December 2015 (the last reliable month of data due to reporting lag) there was approximately 113,240 SRECs left over from compliance years 2013, 2014 and 2015.  This assumes that the 349,917 available 2015 SRECs are put towards the CY15 compliance requirement of 308,419.  Assuming that the observed average monthly build rate of 10.9 MW/month continues to hold, we project that 534,776 additional SRECs will be generated in compliance year 2016.  Taking together the existing inventory of available prior-year SRECs together with the projected 2016 production, we foresee an oversupply of 216,229 SRECs  by the end of 2016.

As we look into future years, the degree of oversupply begins to vary widely depending on the assumptions made regarding monthly build rates.  In 2017 we see a range of market conditions between a 42% and 82% oversupply, and in 2018 conditions between a 15% and 77% oversupply.  These projections do not take into account the RPS increases currently under legislative review in the Maryland general assembly, as covered in our recent post from February 10th.

We will continue to monitor the state of the Maryland market as more data continues to be made available regarding reported build rates through early 2016.  Please reach out to the SRECTrade team with any questions or feedback.

Massachusetts Net-metering & SREC Policy discussion with UBS Analyst, Julien Dumoulin-Smith

Posted March 1st, 2016 by SRECTrade.

On Friday, February 26, 2016 UBS Analyst Julien Dumoulin-Smith hosted Allyson Browne and Alex Sheets for a discussion on the current state of affairs in Massachusetts regarding solar policy. The slides are available here. The recording is below:


UPDATE: UBS published a transcript of the call.

MA SREC-II Update Webinar

Posted March 1st, 2016 by SRECTrade.

SRECTrade will be hosting a webinar this Thursday, March 3rd, at 1:00PM EST. The webinar will cover the current state of the Massachusetts SREC-II program, guidelines for qualifying systems under SREC-II, and general market information.

To attend the webinar click HERE to register. A recording will be made available on our blog for those unable to attend.

Please note, we are currently accepting SREC-II online applications on and will continue submitting them to the Massachusetts Department of Energy Resources (DOER) in the order they are received. SRECTrade encourages you to submit complete applications for your system as soon as possible, for the best chance of getting enrolled in the remaining SREC-II capacity. Applications submitted to SRECTrade are not guaranteed to be qualified under the SREC-II program due to the rapidly diminishing capacity remaining in the program.