FirstEnergy’s Ohio utilities announced the close of its Request for Proposal (RFP) for 10 year SREC and REC contracts. The utility issued the RFP seeking 5,000 Solar Renewable Energy Credits and 20,000 Renewable Energy Credits per year for the compliance periods covering 2011-2020.
The utility noted they were able to successfully fill the requested volumes. The contracted supply will allow FirstEnergy to meet its 2011 RPS requirements including the SRECs not retired under their 2010 compliance obligations. The RFP received submissions from 28 qualified participants offering more than two times the requested SREC volumes and four times the requested REC volumes. Contract pricing was not disclosed.