Archive for December, 2018

District of Columbia Passes Landmark 100% Renewable Energy Bill

Posted December 19th, 2018 by SRECTrade.

On December 18th, the District of Columbia City Council unanimously approved the CleanEnergy Omnibus Amendment Act of 2018, which among a number of other environmental initiatives, mandates the District be powered by 100% renewable energy resources by 2032. While a number of other states, including California and New York, have approved similar 100% clean energy mandates, the Act requires the District to meet its 100% target nearly a decade earlier than any other state. This puts the District at the forefront of a growing wave of local and state initiatives, nationwide, working to implement robust and resolute clean energy programs.

In addition to doubling the RPS mandate, the Act pulls forward the solar RPS schedule by two years and extends the solar requirement to 10% of electricity sales by 2041. Notably, the Act extends the useful lifetime of an SREC from three to five years, providing more price stability within the SREC market and stimulating investor confidence. The Act also includes provisions to provide further transparency with respect to load exemptions, requiring EDCs and LSEs to publish their electricity sales exempt from compliance obligations in their annual RPS compliance reports.

Mayor Muriel Bowser has 10 business days to sign the Act, veto it, or let it pass without her signature. While the Mayor is expected to sign the measure, a unanimous vote from the Council would override any veto from the Mayor.

Once the Act goes into law, SRECTrade will release a full analysis outlining the effects this change will have on the District’s SREC market.

 

Building on Momentum in Maryland

Posted December 19th, 2018 by SRECTrade.

With the 2019 Maryland legislative session fast approaching, solar advocates have begun to rally support for the Maryland Clean Energy Jobs Act (“MCEJA”) behind a heavily Democratic Maryland General Assembly. According to State Senator Brian Feldman and House of Delegates Representative Cheryl Glenn, a¬†veto-proof majority of 30 Senators as well as 82 House of Delegates Representatives have already pledged support for the MCEJA, renewing a sense of optimism within the state following the rejection of a similar proposal in the 2018 legislative session.

Among other renewable energy goals and initiatives, the MCEJA calls for a doubling of the state’s Renewable Portfolio Standard (“RPS”) to 50% by 2030, which would put Maryland amongst a growing list of states, including California, Washington D.C., New Jersey, and New York, adopting aggressive and robust clean energy mandates. Proponents of the MCEJA assert that the Act would create over 5,000 new jobs, doubling the previous amount, and stimulate investor confidence within the industry.

Uncertainty still surrounds Maryland Governor Larry Hogan’s position on the MCEJA.¬†While Hogan previously vetoed a more modest proposal in 2016, his co-authorship of a piece in the Washington Post, calling upon states to “put aside partisan interest and get to work [on climate change]”, has instilled confidence in environmental advocates of his potential support. Hogan would be able to veto, sign, or let the Act pass without his signature. SRECTrade will continue to monitor developments in Maryland and update our partners and clients accordingly.

IL Adjustable Block Program Application Training – Webinar

Posted December 13th, 2018 by SRECTrade.

Earlier today, SRECTrade hosted an application training webinar for the upcoming Illinois Adjustable Block Program (ABP).

SRECTrade’s ABP application window is now open. Applications are required to be submitted by an SRECTrade Approved Referrer. If you are interested in applying to be an SRECTrade Approved Referrer, please email installers@srectrade.com.

For access to the presentation slides, please click HERE. To view a video recording of the webinar, please click the image below.

IL Adjustable Block Program Application Training Webinar

Posted December 5th, 2018 by SRECTrade.

SRECTrade, Inc. will be hosting a webinar to review the SRECTrade application and onboarding process for the upcoming Illinois Adjustable Block Program (ABP) on Thursday, December 13th, at 10:00am CST.

To register for the webinar, please click HERE.

SRECTrade is also targeting December 13th as the opening of its ABP application window.

Please note that a webinar recording will be made available on the SRECTrade Blog after the webinar.