FAQ Archives - July 2019 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-217:
Can we sell our own SRECs in the SREC Auctions?
This website is only for the New Jersey EDCs’ sale of solar renewable energy credits ("SRECs") through the SREC Auctions. Participants in the SREC Auctions bid to purchase SRECs from the New Jersey EDCs.
08/12/2019 in General
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FAQ-216:
In addition to the auction price, are there any other fees paid by winning bidders to purchase the SRECs from the EDCs?
The SREC Auction establishes a single transaction price for all SRECs of a given product sold through the Auction. Within five (5) business days after the close of the Auction, each of the winning bidders of an EDC will pre-pay that EDC for all SRECs purchased from that EDC at the final Auction price(s).
08/12/2019 in Contract
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FAQ-215:
We’d like to participate in the next SREC Auction. What steps must we complete in order to participate?
To participate in an SREC Auction, a bidder must meet basic qualification standards, agree to a standard contract to be used with each EDC, and provide any required bid assurance collateral in cash. Approximately two (2) weeks prior to an Auction, the Auction Manager will issue an Addendum to the SREC Auction Manual with the following information for the upcoming Auction:- The vintage or vintages of SRECs available;
- The months during which the SRECs were created in GATS;
- A range of the number of SRECs available of each vintage;
- The schedule for qualification for and participation in the Auction; and
- The tentative schedule for future Auctions (if available).The tentative date for the next SREC Auction is Thursday, July 18, 2019. A bidder submits to the qualification requirements of the Auction by completing the online qualification form and uploading any required documents to the online qualification form. Additional information regarding the qualification standards can be found in Article II of the SREC Auction Manual available on the Documents page of the website.
In order to receive login credentials to access the online qualification form, please complete the qualification registration form here: http://www.solarrec-auction.com/index.cfm?p=qregister
06/11/2019 in General