The New Hampshire Public Utilities Commission (PUC) created the basis for an SREC market in New Hampshire beginning in 2010. The Electric Renewable Portfolio Standard Act specifies that Load Serving Entities (LSEs) must create .04% of their total power through solar generation, or buy an equivalent amount of SRECs to compensate. Each SREC is a marketable/tradable entity that represents one megawatt hour (1,000 kWh) of power generation from a solar energy source.
The Alternate Compliance Penalty for not procuring enough SRECs is set at $160.01 for 2010 and will continue to rise with inflation. This represents the price ceiling for SRECs in a competitive market. SREC owners can expect their SRECs to sell at a price between $0 and $160 depending on market conditions. However, the total solar requirement in the RPS increases each year until it settles at 3% in 2014, so demand for SRECs will continue to rise as the requirement rises.
Markets for NH systems
Eligible System Locations
Set at .04% of total power in 2010. Each year the requirement will increase until it levels off at .3% in 2014. The goal is to have 23.8% of NH power produced with renewable (not just solar) technology by 2025.
No defined period of years in which a facility is eligible to generate SRECs.
Any solar source within the New England area or in a New England control area adjacent to New England and solar technologies installed after January 1st, 2006, are eligible.
Set at $160.01 for 2010 and will be adjusted for inflation each year. There is no fixed price floor.
2 years - a 2010 SREC can be counted towards either the 2010 or 2011 RPS.
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