Delaware SREC Market Overview

Karbone Market Research Briefs

The Delaware (DE) Solar Renewable Energy Certificate (SREC) market benefited from amendments made in Senate Bill 119 raising the 2026 solar percentage to 3.5%. The changes have increased the 2012 percentage five-fold and created a more gradual increase through 2026.

California TREC Proposed Decision and Alternate Proposed Decision

Karbone Market Research Briefs

On March 11 2010, after much anticipation, the CPUC adopted decision 10-03-021 to allow for the use of tradable renewable energy certificates (TRECs) as a compliance commodity to help IOUs and ESPs meet their RPS mandated target. The decision, while enabling TRECs, limited their volumes to 25% of RPS and capped prices at $50 per TREC, until December 31, 2011.

Pennsylvania SREC Market Update

Karbone Market Research Briefs

The Pennsylvania (PA) Alternative Energy Portfolio Standard (AEPS) includes exemptions for 70% of the Electricity Distribution Companies (EDCs). These exemptions will cease in January 2011. The current adequately supplied market will begin to rebalance in the 2011‐12 energy year with demand of approximately 50,000 Solar Alternative Energy Credits (SAECs).

Delaware SREC Market Overview

Karbone Market Research Briefs

The Delaware (DE) Solar Renewable Energy Certificate (SREC) market benefited from amendments made in Senate Bill 119 raising the 2026 solar percentage to 3.5%. The changes have increased the 2012 percentage five‐fold and created a more gradual increase through 2026.

Massachusetts SREC Market Update

Karbone Market Research Briefs

The Massachusetts SREC market has suffered an initial, partial setback in the implementation of its solar carve‐out pricing. The Massachusetts Department of Energy Resources (DOER) set the states’ first solar carve‐out target at 30 MW (an estimated 34,164 MWh or SRECs), known as the 2010 Minimum Standard.

Ohio SREC Market Overview and Update

Karbone Market Research Briefs

The Ohio Alternative Energy Resource Standard (AERS) is one of the most recent state Renewable Portfolio Standards (RPS) to include a solar carve out requirement. Like other states in PJM, the AERS includes an SREC market, distinct from other classes of RECs.

Massachusetts SREC Market Update

Karbone Market Research Briefs

As of 8 September 2010, the DOER has qualified 8.1 MW of SREC projects. Excluding those with pre‐ 2010 contracts, we estimate the remaining market for 2010 is 9,500 to 13,300 SRECs. The 2011 Minimum Standard is raised to 78,577 SRECs following the TransCanada settlement, making the market potential for 2011 approximately 63,000 SRECs.