The second round of the Massachusetts Solar Credit Clearinghouse Auction (SCCA) did not clear today, Wednesday July 30th. The Massachusetts Department of Energy Resources (DOER) announcement can be found here. As a result, the 2015 compliance obligation will be adjusted by doubling the amount of volume deposited into the auction account.
The SCCA consists of three distinct “rounds” or opportunities for buyers to purchase SRECs at a fixed price. The incentive to purchase the SRECs increases with each round. A more complete description of SCCA can be found here.
The third and final round of the SCCA will be held this Friday, August 1st. Any SRECs not purchased in the SCCA will be returned to the seller’s accounts.