MA2011 SREC Auction Closes at $540/SREC

Posted January 18th, 2012 by SRECTrade.

The Q3 2011 (July – September 2011) MA SRECs were issued on January 15, 2012. 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 Q3 2011 issuance, SRECTrade recently held a separate auction for MA2011 SRECs.

The auction closed on Tuesday, January 17th at 5:00 p.m. Eastern. SRECs transacted at a clearing price of $540.00 per SREC. The clearing price, more than 98% of the 2011 Solar Alternative Compliance Payment (SACP), represents a strong demand for MA2011 SRECs due to a shortfall of supply in the market.

MA Chart

The next SRECTrade auction closes on Tuesday, January 31, 2012. 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 order window close on January 31 at 5:00 p.m. Eastern.

The next issuance of MA2011 SRECs will be on April 15, 2012, and will cover the Q4 2011 (October – December) generation period.

One Response to “MA2011 SREC Auction Closes at $540/SREC”

  1. […] leaving the market short approximately 33,900 SRECs. As a result of this substantial undersupply, MA2011 SRECs have traded close to the 2011 ACP value of $550/SREC. In recent trading, the MA2012 market has priced […]