Announcements
September 18, 2013: Range of Available SRECs; Qualification Forms due October 4
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 Thursday, October 17, 2013. Qualifications are due by 12PM (noon) EPT on Friday, October 4, 2013.
Product Offering. In this upcoming auction, there will be two vintages of SRECs available: 2013 SRECs and 2014 SRECs. For 2013 SRECs, between 3,100 and 3,800 SRECs created in GATS as generation between June 1, 2012 and May 31, 2013 are available. For 2014 SRECs, between 57,000 and 82,000 SRECs created in GATS as generation between June 1, 2013 and September 30, 2013 are available.
Additional Product Offering. Immediately following the conclusion of the October 17, 2013 auction, bidders will have the opportunity to bid for a single block of between 150 and 175 SRECs from vintages before Energy Year 2013. All SRECs in this block are eligible to be used for compliance this year. Details can be found in the addendum to the SREC Auction Manual, located on the Documents page of the website.
Our qualification process is online. To buy SRECs in the October 2013 SREC Auction, an interested party must qualify by submitting an online Qualification Form. The Auction Manager will send instructions to all returning bidders.
New bidders should 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 web site. Please visit the Documents page to access these documents.