Today, the Massachusetts Department of Energy Resources (MA DOER) announced the estimated megawatt hour compliance exemptions for SREC-I and SREC-II. Results were derived from a survey of retail electric suppliers serving power in the state.
According to the survey, the expected impact on 2014 and 2015 SREC demand for the SREC-II program, due to exempt load, will be a 35% decrease (14.6k SRECs) for 2014 and a 19% decrease (31.0k SRECs) for 2015. Additionally a small portion of SRECs (25.3k) from the SREC-I program will be exempt in 2015, a 2.4% decrease. Any potential impact on requirements for 2016 onward have not yet been provided. The chart below demonstrates the SREC-II obligation decrease, original vs. estimate, in 2014 and 2015.
For the latest on MA SREC pricing click here: December 2014 SREC Price Update