Archive for July, 2020

Massachusetts DOER Announces SREC I and SREC II Auction Totals and Preliminary 2021 Minimum Standards

Posted July 21st, 2020 by SRECTrade.

On July 13, 2020, the Massachusetts Department of Energy Resources (DOER) announced final SRECs available for auction in this year’s Annual Solar Credit Clearinghouse Auction (SCCA) I and II, as well as the preliminary 2021 Minimum Standards for the SREC I and II programs.

The DOER confirmed that 103 certificates have been deposited for the SREC I auction, and 85 certificates have been deposited for the SREC II auction.

The DOER estimates a 2021 SREC I Minimum Standard of 1.6744% (748,584 MWh) for load executed under contract on or after June 28, 2013. This Minimum Standard applies regardless of which round the auction clears. Load served under contracts executed prior to June 28, 2013 will follow a Minimum Standard of 1.0252%.

The DOER estimates a 2021 SREC II Minimum Standard of 2.2828% (1,020,544 MWh) for load served under contracts executed between April 25, 2014 and May 8, 2016, and 3.8584% (1,724,956 MWh) for load served under contracts executed on or after May 8, 2016. This will only apply if the auction clears in the first two rounds. If the auction clears in the third round, the Minimum Standard will be 2.2830% for load served under contracts executed between April 25, 2014 and May 8, 2016 and 3.8586% for load served under contracts executed on or after May 8, 2016.

Introducing our LCFS Credit Calculator App

Posted July 9th, 2020 by SRECTrade.

We are happy to announce the launch of the SRECTrade LCFS Credit Calculator app to model your clean fuel vehicle’s annual credit allowance and projected value in the Low Carbon Fuel Standard (LCFS) program.

Once downloaded, follow three simple steps to build a model of your estimated annual gross value from LCFS credit sales.

The app allows you to share your model results via automated email and easily connect with SRECTrade directly from within the app if you have further questions or want to find out more about our management and software services.