The Q2 2011 (April – June 2011) MA SRECs were issued on October 15, 2011. Unlike other SREC markets, the MA Solar Carve-Out program mints SRECs quarterly, three and a half months after the close of the calendar quarter. In coordination with the Q2 2011 issuance, SRECTrade recently held a separate auction for MA2011 SRECs.
The auction closed on Monday, October 17th at 5:00 p.m. Eastern. SRECs transacted at a clearing price of $535.00 per SREC. The clearing price, more than 97% of the 2011 Solar Alternative Compliance Payment (SACP), represents a strong demand for MA2011 SRECs due to a shortfall of supply in the market.
Any SRECs that went unsold in the auction will be available for sale in the next SRECTrade auction closing on Monday, October 31, 2011. This auction will cover all of the SREC markets including DC, DE, MA, MD, NJ, OH, and PA. The order window is currently open. All buyers and self-serve sellers can login here to place an order. Sellers utilizing SRECTrade’s management service, EasyREC, will have orders automatically placed on their behalf. If these sellers need to make changes to their minimum offer prices, they must do so prior to the 5:00 p.m. close on October 31.
The next issuance of MA2011 SRECs will be on January 15, 2012, and will cover the Q3 2011 (July – September) generation period.