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.

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 Reporting Year (RY) 2012 percentage five-fold and created a more gradual increase through 2026. 

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.