PECO approved for 10-year SREC contracts

Posted September 1st, 2009 by SRECTrade.

The Pennsylvania Public Utility Commission recently approved the purchase of up to 8,000 SRECs annually in ten-year contracts.  Plans are being finalized for the implementation of the RFP.  Unfortunately, this plan is geared towards larger installations since your system must be able to produce at least 300 SRECs a year in order to participate.  This means that the RFP is only available to solar systems above approximately 250 kW, so therefore it is not really going to do much to promote residential and small commercial solar. However, PECO must publish a weighted average price for winning bids which should signal the market as to where prices will trade.

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