Announcements
February 03, 2025: ANNOUNCEMENT: Range of Available SRECs; Qualification Forms due March 7
Atlantic City Electric Company (“ACE”), Jersey Central Power & Light Company (“JCP&L”), Public Service Electric and Gas Company (“PSE&G”), and Rockland Electric Company (“RECO”) will be holding an auction to sell Solar Renewable Energy Certificates (“SRECs”) on Tuesday, March 18, 2025. Qualification forms are due by 12 PM (noon) EPT on Friday, March 7, 2025.
Product Offering. In this upcoming Auction, there will be available between 35,000 and 46,000 2025 SRECs created in GATS as generation between June 1, 2024 and February 28, 2025.
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-2025 SRECs (expected to consist of 2024 SRECs and 2023 SRECs). The 2023 SRECs were created in GATS as generation between June 1, 2022 and May 31, 2023. The 2024 SRECs were created in GATS as generation between June 1, 2023 and May 31, 2024. The single additional block is expected to contain fewer than 500 SRECs in total.
Bid assurance collateral is not required for this auction. Interested parties must qualify by submitting the online qualification form: https://njsrec-application.com/. The Auction Manager will send returning bidders a reminder of their login information. New bidders must request an account to access the online qualification form by completing the Qualification Registration Form.
The SREC Auction Manual, the Master Solar Renewable Energy Certificates Agreement, and the Addendum to the SREC Auction Manual have been posted to the website. Please visit the Documents page to access these documents.