Round Two of the MA DOER Auction Does Not Clear

Posted July 31st, 2013 by SRECTrade.

The Massachusetts Department of Energy Resources (DOER) announced today, 7/31/2013, that Round Two of its Solar Credit Clearinghouse Auction (SCCA) did not clear. With Round Two not clearing, the compliance requirement for 2014 SRECs is automatically increased by 38,866 SRECs; the amount of SRECs originally deposited in the SCCA. This officially puts the 2014 Massachusetts compliance requirement at 464,520 SRECs. For more information on the SCCA please visit the official website and read our analysis here.

Rounds One and Two were designed to clear only if the bid volume is equal to or greater than the volume deposited into the auction account. Things get interesting with Round Three as the SCCA rules allow for partial fills (i.e. if buyer demand is less than the volume available for sale). Round Three will be held this Friday, 8/2/13. Stay tuned.

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