Announcements
July 09, 2024: ANNOUNCEMENT: SREC Auction postponed
Due to the recent disruption caused by Hurricane Beryl, the SREC Auction originally scheduled for Tuesday, July 16, 2024 has been postponed to Thursday, August 1, 2024. Atlantic City Electric Company (“ACE”), Jersey Central Power & Light Company (“JCP&L”), and Public Service Electric and Gas Company (“PSE&G”) will be the Sellers in the Auction, in which there will be available between 29,000 and 39,000 2024 SRECs created in GATS as generation between June 1, 2023 and May 31, 2024.
In addition, it is expected that at the conclusion of the Auction, bidders will have the opportunity to submit a bid for a single additional block of Pre-2023 SRECs (expected to consist of 2022 SRECs and 2021 SRECs). The 2021 SRECs were created in GATS as generation between June 1, 2020 and May 31, 2021. The 2022 SRECs were created in GATS as generation between June 1, 2021 and May 31, 2022. The single additional block is expected to contain fewer than 500 SRECs in total.
The deadline to submit qualification materials has been extended. Qualification materials are now due by 12 PM (noon) EPT Wednesday, July 24, 2024. Bidders that tendered qualification materials in view of a July 16th SREC Auction have the option not to resubmit their materials.