Deleware Renewable Market Overview

Karbone Market Research Briefs

This research will provide an overview of the Delaware renewable energy and power markets. Delaware Public Service Commission in 2012 established a competitive solicitation mechanism through Delmarva Power and Light, known as the Delaware SREC Procurement Program, which is acting as a price-setting tool in the market. The transition was part of Delmarva Power becoming the only compliance buyer of SRECs in the market. Winners are awarded a 20-year contract, with the accepted bid price covering the first 7 years and the remaining 13 years receiving $50 per SREC. The last round of the solicitation completed in May 2013 saw prices average in the $34 to $40 range for existing system, and $46 to $87 range for new systems.

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