FAQ Archives - July 2014 Auction
The FAQs on this page are no longer relevant, as they are from past auctions. These FAQs are posted here only for reference purposes. Do not rely on the information provided on this page for the current auction.-
FAQ-154:
If I become a winning bidder, should I deduct my collateral from the payment due to the EDC or will my collateral be refunded back to me at a separate time?
Starting with the March 2014 Auction, bid assurance collateral will be returned to all bidders following the Auction. Thus, winning bidders must pay, to each applicable EDC, the multiplicative product of (1) the number of SRECs purchased from that EDC and (2) the final Auction price. Collateral will not be subtracted from this amount.
07/17/2014 in Contract
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FAQ-153:
Please let me know the final number of SRECs auctioned in the July 2014 SREC Auction.
PSE&G, JCP&L, and ACE sold 38,811 2014 SRECs in the July 2014 SREC Auction.Auction results, including the number of SRECs auctioned, are usually released to the public one business day after the Auction concludes. All results of previous Auctions are posted on the “Previous Results” page under the “Background” tab of our website: http://www.solarrec-auction.com/.
The Auction Manager also sends Auction results by email to website registrants. To register for our website, please go to the “Register” page under the “Contact Us” tab of our website. An archive of these announcements can be found on the “Archive” page under the “Background” tab of our website.
07/16/2014 in General
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FAQ-152:
Is it necessary for a returning bidder to complete a new representation form for each auction if our information remains the unchanged from the previous auction?
Yes, it is necessary to complete a new representation form for each SREC Auction in which you participate. A representation form is valid only for the auction that appears in the bottom right corner of the form.
06/20/2014 in Qualification