Texas does not currently have a viable SREC market as there is no solar carve-out. Under the state's current Renewable Portfolio Standard (RPS), though, REC trading is allowed. Today, the Texas market is predominately dominated by wind power generation. The state does have a target for non-wind technologies set at 500 MW by 2015. The Public Utilities Commission of Texas (PUCT) and Electric Reliability Council of Texas (ERCOT) are currently reviewing the non-wind target to potentially implement additional guidelines.
Eligible SREC Markets
None currently in place, but state RPS is set to achieve 500 MW of non-wind technology by 2015. Compliance premiums awarded for non-wind generation.
Microgenerators, units with a rated capacity of less than 1 MW, that fall within an aggregation account can use approved estimation techniques to report renewable energy production. Units utilizing this method will be awarded 80% of their actual MWh generated.
Upon registration with the PUCT and ERCOT.
No alternative compliance payment set for solar. Current compliance payment is $50 per mWh.
3 compliance periods - a 2010 SREC can be counted towards the 2010, 2011 or 2012 RPS.
Manage your SREC portfolio the smart way with SRECTrade's market leading software
Manage your facility and SREC portfolio online with full transparency and control over when and how your SRECs are sold.
We don't lock you into a contract to use our service and we don't take a principal position with your SRECs, so you can rest assured we're always targeting the best prices for you.
With over 706 MW of solar facilities under management, we're able to access more transaction opportunities for our clients.