On August 28, the Massachusetts Department of Energy Resources (DOER) announced the Solar Carve-Out Minimum Standard for 2016. As described by the DOER, “the Minimum Standard for the Class I Solar Carve-Out II is the percentage of a Supplier’s total retail load obligation that must be met by the ownership of Solar Carve-Out II Renewable Energy Certificates (SREC IIs) issued by the NEPOOL GIS, with each SREC II signifying one MWh of electrical energy from a Generation Unit that has been qualified by the DOER under the Solar Carve-Out II Program.”
The 2016 requirement for SREC-II is 0.7851%. With an estimated Retail Load Obligation of 48 million MWhs in 2016, applying the minimum standard of 0.7851% results in the compliance obligation of 377,877 SRECs:
The DOER previously announced the SREC-I obligation for 2016 (1.7568%).
Finally, the DOER also announced that the 2017 Managed Growth Capacity Block has been set at zero megawatts.