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Archive for April, 2019

Massachusetts DOER Releases Straw Proposal on Clean Peak Standard (CPS) Program

Posted April 15th, 2019 by SRECTrade.

On April 2nd, the Massachusetts Department of Energy Resources (DOER) held a stakeholder meeting in which they presented their straw proposal on the new Clean Peak Standard (CPS) Program. As per the DOER, the program’s primary objective is to “implement a clean peak program that aligns clean energy generation and zero emission demand resources with periods of peak electricity demand in the most cost-effective manner for Massachusetts customers possible while reducing emissions.” To effectively achieve this goal, the program intends to couple the co-deployment of energy storage and renewable resources with demand response resources to help flatten the electric load curve and reduce overall emissions from the electricity sector.

The proposal lays out four separate eligible CPS resources:

  1. New RPS Class I resources in operation on or after January 1, 2019
  2. Existing RPS Class I/II resources (in operation prior to January 1, 2019) that are paired with an energy storage system
  3. Standalone energy storage systems
  4. Demand response resources

Eligible resources would be able to generate Clean Peak Certificates (CPCs) during predefined Seasonal Peak Periods. Each season would have a defined, 4 hour daily peak period in which CPCs could be generated. CPCs would be minted on top of any other Renewable Energy Credit (REC) that the asset produces.

The DOER did not provide details on key program metrics and guidelines in their proposal including price support mechanisms, metering requirements, and tracking and verification process. These parameters will be established once the DOER’s contracted consultants provide further analysis support. The DOER requested that stakeholders submit comments on the proposal by April 12th and they plan to release a draft regulation by the end of Q2 2019.

Posted in Massachusetts, SREC Markets | Comments Off on Massachusetts DOER Releases Straw Proposal on Clean Peak Standard (CPS) Program

IL ABP Marketing Guidelines Training – Webinar

Posted April 9th, 2019 by SRECTrade.

Earlier today, SRECTrade hosted a training webinar for its Illinois Adjustable Block Program (ABP) partners. Among other topics, the webinar reviewed the ABP’s Distributed Generation (DG) Final Guidelines for Marketing Material and Marketing Behavior. SRECTrade requires its partners to review the Final Marketing Guidelines in full to ensure that they are compliant with ABP consumer protection requirements. There is a separate set of guidelines that govern ABP community solar facilities.

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

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Posted in Illinois, Installers, SREC Markets, Webinars | Comments Off on IL ABP Marketing Guidelines Training – Webinar

Maryland General Assembly Passes the Clean Energy Jobs Act (CEJA)

Posted April 9th, 2019 by SRECTrade.

On April 8th, the Clean Energy Jobs Act (CEJA) passed the Maryland House of Delegates, 95-40, and Senate, 31-15, respectively. Most notably, the Bill increases the state’s renewable energy mandate from 25% to 50% by 2030. The in-state solar carve-out follows suit, raising the 2019 solar carve-out to 5.5%, increasing to 14.5% by 2028. The solar carve-out and Solar Alternative Compliance Penalty (SACP) schedule is amended as follows:

The bill now heads to Governor Larry Hogan’s desk, where he has the option to either sign, veto, or let the bill go into law without his signature. While uncertainty remains on Governor Hogan’s view on the legislation, some believe his recently shared perspective demonstrates positive support.

SRECTrade will continue to monitor the situation and provide further analysis if and when the Bill goes into law.

Posted in Environmental Policy, Maryland, SREC Markets | Comments Off on Maryland General Assembly Passes the Clean Energy Jobs Act (CEJA)

Massachusetts DOER Files Alternative Portfolio Standard (APS) Emergency Rulemaking

Posted April 9th, 2019 by SRECTrade.

On April 5th, the Massachusetts Department of Energy Resources (DOER) filed emergency regulations that amend portions of the current version of 225 CMR 16: Alternative Energy Portfolio Standard (“APS”).

Specifically, the emergency regulation cancels the transition from pre-minting to forward minting for all small (residential) renewable thermal technologies. As such, small systems will continue to receive their credits upfront, in lump-sum. These proposed changes will take effect immediately and remain in effect for three months. If the DOER successfully concludes the entire rulemaking process within the next three months, the emergency amendments will become law.

SRECTrade provides comprehensive management and transaction services for renewable thermal asset owners within the APS program. Please reach out to SRECTrade if you believe you are eligible or have any questions regarding the program.

Posted in Environmental Policy, Massachusetts, SREC Markets | Comments Off on Massachusetts DOER Files Alternative Portfolio Standard (APS) Emergency Rulemaking

Illinois Adjustable Block Program Discretionary Capacity Allocation

Posted April 5th, 2019 by SRECTrade.

April 17, 2019 Update: On April 16, 2019 the ABP Administrator published the final Block 4 REC Pricing, confirming the indicative Block 4 REC Pricing displayed in the table below. Please note that a typo was made in the original indicative table of $69.93 for Group A Large 10-25 kW, which should actually be $69.63. This typo has been corrected in the table below.

On Wednesday, April 3rd, the Adjustable Block Program (ABP) Administrator announced the Adjustable Block Program Discretionary Capacity Allocation. Notably, the 166.5 MW AC of discretionary capacity was allocated between the six Block Categories according to the table below:

Combining the discretionary capacity allocation (Block 4) with the initial opening volumes in Blocks 1-3 results in the following final block volumes (MW AC):

All ABP applications qualifying under discretionary capacity will receive Block 4 pricing, which is 4% lower than Block 3 pricing. Indicative Block 4 pricing is displayed in the table below:

As of the Program Administrator’s Current Status of Illinois Adjustable Block Program Blocks update on April 4, 2019, there are 129.608 MW AC of applications accounted for in the Group A Large Block Category. The addition of the Group A Large discretionary capacity indicates that all Group A Large applications submitted by the February 13th deadline and approved by the Program Administrator will receive at least Block 4 pricing, even if they are not selected in the Block 1 Lottery. There are also still 11+ MW AC of Group A Large capacity available at Block 4 pricing for new applications.

As of the April 4th capacity update, there are also 123.562 MW AC of applications accounted for in the Group B Large Block Category, indicating that there are still 26+ MW AC of Group B Large capacity available at Block 4 pricing.

SRECTrade is currently accepting facility applications for all Small and Large Block Categories at the following indicative pricing:

  • Group A Small – Block 1
  • Group A Large – Block 4
  • Group B Small – Block 1
  • Group B Large – Block 2

For more information on the rationale behind the discretionary capacity allocation, please view the Allocation of Adjustable Block Program Discretionary Capacity Rationale document. SRECTrade will continue to provide updates on ABP developments and will also closely monitor the results of the April 10th Block 1 Lottery.

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Posted in Illinois, SREC Markets | Comments Off on Illinois Adjustable Block Program Discretionary Capacity Allocation

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