Posts Tagged ‘SREC Aggregator’

NJ Backs Out of RGGI, Support Remains Strong For NJ SREC Market

Posted May 27th, 2011 by SRECTrade.

Yesterday Governor Chris Christie of New Jersey announced that he would be removing the state from the Regional Greenhouse Gas Initiative (RGGI), a 10-state program intended as a carbon dioxide cap-and-trade program intended to reduce the power sector’s emissions levels of the greenhouse gas 10% by 2018.

The move, according to Governor Christie, seeks to cut state budget costs by eliminating participation in a program that he deemed “a failure”.  The regional program, however, remains backed by the other Northeast states, and the consequences of the New Jersey withdraw to the RGGI market will most likely be nominal.

Most important for solar customers in New Jersey is to understand that Governor Christie’s decision is not connected to the state’s SREC program.  Participation in RGGI does not affect the state’s participation, goals, or support for the SREC market in NJ.  Please see our March post describing Christie’s previous endorsement of the SREC market.

SRECs coming to NY?

Posted May 23rd, 2011 by SRECTrade.

This year’s solar carve-out bill introduced in NY, S4178A-2011, is looking promising.  It was co-sponsored by 8 Republicans, and since the Republicans have only a small majority in the Senate and the Democrats have nearly a supermajority in the NY House, its a good sign, although it’s notoriously difficult to get a bill that even everyone agrees with through the NY legislature.  Gov. Cuomo ran on a strong solar platform so chances are high he will sign any bill that comes to him.  The bill itself is very promising, it starts out with a .33% requirement in 2012, which given the size of NY’s load would catapult them even with NJ in absolute terms for required solar build-out with about a 500,000 MWh requirement in 2012.  It allows the NY Public Service Commission (PSC) to set the alternate compliance (ACP) schedule, but it has a floor mechanism specified at $300 that is nearly identical to Massachusetts, so the ACP will have to be somewhat higher than that.  Overall this is a well-written bill that meets almost all the Effective SREC Market Design criteria outlined in our recent blog post.  As of May 18th it had been amended and recommitted to the Energy and Telecommunications Committee,  so there is plenty of time for those living in New York to contact their legislators regarding the bill.


Effective SREC Market Design

Posted May 13th, 2011 by SRECTrade.

The full text of this post by SRECTrade CEO Brad Bowery can be found on

Since 2004, several U.S. states have designed and implemented markets for Solar Renewable Energy Certificates (SRECs). These markets are intended to serve several purposes in supporting the growth of solar energy within the state. 2010 was a banner year for the SREC concept as solar growth in these 7 markets outpaced the rest of the U.S., turning the East Coast into a focal point for solar companies in California and across the world. No two SREC programs are the same and some markets will fair better than others. Understanding why some markets are successful while others faulter will become increasingly important as other states look to SRECs as the way to incentivize solar.

In 2007, SRECTrade conceived an online marketplace powered by competitive monthly auctions for SRECs. Since launching in New Jersey, the transaction platform has expanded to all 7 key SREC markets, adding Massachusetts, Maryland, Ohio, Delaware, Pennsylvania, and Washington, DC. Through the experience gained developing SREC markets and aggregation services, SRECTrade takes a look at the components of an effective SREC market, the challenges that they face and some recommendations for how to avoid some of the design flaws found in existing SREC programs.

Read the entire post at


Solar Capacity in the SREC States – April 2011

Posted May 4th, 2011 by SRECTrade.

SRECTrade SREC Markets Report: April 2011

The following post outlines the megawatts of solar capacity certified and/or registered to create SRECs in the SREC markets SRECTrade currently serves.


PJM Eligible Systems

As of the end of April, there were 14,598 solar PV (14,344) and solar thermal (254) systems registered and eligible to create SRECs in the PJM Generation Attribute Tracking System (GATS) registry. Of these eligible systems, 52 (0.36%) have a nameplate capacity of 1 megawatt or greater, of which only 3 systems are greater than 5 MW. The largest system, currently located in Ohio, is 12 MW,  and the second largest, located in Chicago and eligible for the PA, DC, and MD markets, is 10 MW. The third largest system, located in NJ, is 5.6 MW.

Massachusetts DOER Qualified Projects

As of April 13, 2011, there were 524 MA DOER qualified solar projects; 467 operational and 57 not operational. Of these qualified systems, 11 (2.1%) have a nameplate capacity of 1 megawatt or greater, of which only 3 are between 1.5 and 2 MW. Three of the projects greater than 1 MW are currently operational.

Capacity Summary By State

The tables above demonstrate the capacity breakout by state. Note, that for all PJM GATS registered projects, each state includes all projects certified to sell into that state. State RPS programs that allow for systems sited in other states to participate have been broken up by systems sited in state and out of state. Additional detail has been provided to demonstrate the total capacity of systems only certified for one specific state market versus being certified for multiple state markets. For example, PA includes projects only certified to sell into the PA SREC market, broken out by in state and out of state systems, as well as projects that are also certified to sell into PA and Other State markets broken out by in state and out of state systems (i.e. OH, DC, MD, DE, NJ). PA Out of State includes systems sited in states with their own state SREC market (i.e. DE) as well as systems sited in states that have no SREC market (i.e. VA). Also, it is important to note that the Current Capacity represents the total megawatts eligible to produce and sell SRECs as of the noted date, while the Estimated Required Capacity – Current and Next Reporting Year represents the estimated number of MW that need to be online on average throughout the reporting period to meet the RPS requirement within each state. For example, New Jersey needs approximately 255 MW online for the entire 2011 reporting year to meet the RPS requirement. Additionally, the data presented above does not include projects that are in the pipeline or currently going through the registration process in each state program. This data represents specifically the projects that have been approved for the corresponding state SREC markets as of the dates noted.