Texas

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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

Tracking Registry

ERCOT

Solar requirement

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.

Meter readings

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.

Eligibilty begins

Upon registration with the PUCT and ERCOT.

SACP

No alternative compliance payment set for solar. Current compliance payment is $50 per mWh.

SREC useful life

3 compliance periods - a 2010 SREC can be counted towards the 2010, 2011 or 2012 RPS.

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Simplicity

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Transparency

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Opportunity

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