In-Depth Analysis of Industry Trends, Supply/Demand Fundamentals, Policy Analysis, and Custom Research


Karbone’s research team leverages the firm’s in-depth industry knowledge and daily market activity to provide daily pricing sheets in different renewable energy credit markets, analysis of regulations/market impact, and custom deep-dive research. Investors and market participants use Karbone’s proprietary research as a powerful tool to navigate trends and make smarter investment decisions.

In-Depth Analysis of Industry Trends, Supply/Demand Fundamentals, Policy Analysis, and Custom Research


Karbone’s research team leverages the firm’s in-depth industry knowledge and daily market activity to provide daily pricing sheets in different renewable energy credit markets, analysis of regulations/market impact, and custom deep-dive research. Investors and market participants use Karbone’s proprietary research as a powerful tool to navigate trends and make smarter investment decisions.


In-Depth Analysis of Industry Trends, Supply/Demand Fundamentals, Policy Analysis, and Custom Research

Karbone’s research team leverages the firm’s in-depth industry knowledge and daily market activity to provide daily pricing sheets in different renewable energy credit markets, analysis of regulations/market impact, and custom deep-dive research. Investors and market participants use Karbone’s proprietary research as a powerful tool to navigate trends and make smarter investment decisions.

About Us


Karbone’s Market Research group provides a portfolio of market intelligence services, aiming to help our clients navigate complex decisions in the marketplace.  We analyze and interpret the ever-evolving state and federal regulatory regimes, tax and incentive programs, while also taking into account from our daily presence in the market. Our view is gleaned from our daily work across the markets, discussions with market participants, regulators and local governments.  Our approach provides you with detailed data, analysis, and predictions needed to stay above the fray.


About Us


Karbone’s Market Research group provides a portfolio of market intelligence services, aiming to help our clients navigate complex decisions in the marketplace.  We analyze and interpret the ever-evolving state and federal regulatory regimes, tax and incentive programs, while also taking into account from our daily presence in the market. Our view is gleaned from our daily work across the markets, discussions with market participants, regulators and local governments.  Our approach provides you with detailed data, analysis, and predictions needed to stay above the fray.


About Us


Karbone’s Market Research group provides a portfolio of market intelligence services, aiming to help our clients navigate complex decisions in the marketplace.  We analyze and interpret the ever-evolving state and federal regulatory regimes, tax and incentive programs, while also taking into account from our daily presence in the market. Our view is gleaned from our daily work across the markets, discussions with market participants, regulators and local governments.  Our approach provides you with detailed data, analysis, and predictions needed to stay above the fray.

Interested in Capital Advisory Services?

Solution-focused capital advisory services for renewable and traditional energy developers and investors.

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Research Reports


Daily Pricing Sheets

Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S.  By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.

  • Pricing – 5/11/2018 (5/14/2018) - Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S. By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.
  • Pricing – 5/10/2018 (5/14/2018) - Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S. By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.
  • Pricing – 5/9/2018 (5/14/2018) - Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S. By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.


Research Reports


Daily Pricing Sheets

Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S.  By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.

  • Pricing – 5/11/2018 (5/14/2018) - Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S. By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.
  • Pricing – 5/10/2018 (5/14/2018) - Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S. By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.
  • Pricing – 5/9/2018 (5/14/2018) - Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S. By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.


Research Reports


Daily Pricing Sheets

Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S.  By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.


Historical and Forward Pricing Curves


We provide Historical and Forward Pricing Curves provides fair market values in a given year for power and REC/SREC markets across North America.

Our proprietary models incorporate factors such as historical commodity pricing trends, supply and demand fundamentals, proxy data (e.g. marginal cost analysis, technological advancement, and forward power prices) and major policy issues that have evolved over time to reflect changing market conditions and stand to directly impact pricing.

  • NEPOOL Class I Historical (9/22/2017) - Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S. By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.
  • New Jersey SREC Historical (9/22/2017) - Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S. By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.
  • Massachusetts SREC II Historical Pricing (9/22/2017) - Karbone Research provides daily bid-ask pricing of various environmental credit products across the U.S. By monitoring transactions and liquidity in the marketplace, Karbone provides precise, reliable commodity pricing for RECs, SRECs and Carbon.

Historical and Forward Pricing Curves

We provide Historical and Forward Pricing Curves provides fair market values in a given year for power and REC/SREC markets across North America.

Our proprietary models incorporate factors such as historical commodity pricing trends, supply and demand fundamentals, proxy data (e.g. marginal cost analysis, technological advancement, and forward power prices) and major policy issues that have evolved over time to reflect changing market conditions and stand to directly impact pricing.


Market Research Briefs

Karbone Research provides regular updates and analysis of recent market pricing trends, pending regulatory changes, and trading activities. Through our weekly publications, our clients remain abreast of the most relevant market drivers, including pending legislative impacts, and supply & demand dynamics.  

  • The Convergence is Upon Us: Green-e Eligible Solar and Wind (5/14/2018) - Green-e Eligible Wind and Solar RECs have experienced price convergence recently. This price convergence marks an interesting break from the historical premium at which Green-e Eligible Solar RECs traded compared to wind, primarily due to unique revenue requirements and less installation rates. Nevertheless, recent shifts in the supply & demand dynamics for both commodities have exerted directional pressure on pricing Read More
  • Edge of (20)Seventeen: MA SREC-I Price Pop on Last Year’s Generation Drop (5/14/2018) - Low year-on-year SREC-I generation figures in 2017 prompted an uptick in front-of-the-curve pricing through April. As the table below shows, the per MWh productivity of all systems installed was depressed in each quarter in 2017 compared to 2016.
  • Pennsylvania Officially Closes Border (4/23/2018) - On April 19, the Pennsylvania PUC approved a Final Implementation Order for HB118, formally restricting the qualifications of out-of-state solar systems to meet in-state solar compliance requirements, with an exception for any contracted generation that predated the legislation, effective October 2017.


Market Research Briefs

Karbone Research provides regular updates and analysis of recent market pricing trends, pending regulatory changes, and trading activities. Through our weekly publications, our clients remain abreast of the most relevant market drivers, including pending legislative impacts, and supply & demand dynamics.  


In-depth Custom Research


We provide in-depth custom research in the power, capacity, and REC markets across North America. Additionally, Karbone research covers the carbon markets in California, RGGI, Alberta, and the voluntary programs across the US and Canada. The firm brings a team of seasoned professionals with extensive transactional experience to provide execution-based services and advisory-based client specific hedging programs to assist all stakeholders in these markets.

  • Karbone Corporate PPA Research (4/18/2017) - The growing demand for renewable energy by corporate off-takers is fundamentally reshaping electric power sales in the United States. Over the past 3 years, approximately 7.8 GW of wind and solar power were contracted through non-utility corporate power purchase agreements (CPPAs). This trend is gathering pace with many more corporates announcing sustainability goals to procure most (and for some, 100%) Read More


In-depth Custom Research

We provide in-depth custom research in the power, capacity, and REC markets across North America. Additionally, Karbone research covers the carbon markets in California, RGGI, Alberta, and the voluntary programs across the US and Canada. The firm brings a team of seasoned professionals with extensive transactional experience to provide execution-based services and advisory-based client specific hedging programs to assist all stakeholders in these markets.

Find out More About Karbone Brokerage Services…

Voice and Electronic brokerage for power and environmental asset classes

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Contact Us


Have a question? Reach out to our team below.

Phone: +1 646 291 2900
Email: research@karbone.com

New York Office

675 Third Avenue, Suite 3004
New York, NY 10017
Phone: +1 646 291 2900
Fax: +1 646 219 7168


London Office

45 Moorfields
Moorgate
London, EC2Y 9AE
United Kingdom

Email Us



Find Us Here


Contact Us


Have a question? Reach out to our team below.

Phone: +1 646 291 2900
Email: research@karbone.com

New York Office

675 Third Avenue, Suite 3004
New York, NY 10017
Phone: +1 646 291 2900
Fax: +1 646 219 7168


London Office

45 Moorfields
Moorgate
London, EC2Y 9AE
United Kingdom

Email Us



Find Us Here


Contact Us


Have a question? Reach out to our team below.

Phone: +1 646 291 2900
Email: research@karbone.com

New York Office

675 Third Avenue, Suite 3004
New York, NY 10017
Phone: +1 646 291 2900
Fax: +1 646 219 7168


London Office

45 Moorfields
Moorgate
London, EC2Y 9AE
United Kingdom

Email Us



Find Us Here