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September 17, 2018: ANNOUNCEMENT: Range of Available SRECs; Qualification Forms due October 5

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, October 16, 2018.  Qualifications are due by 12 PM (noon) EPT on Friday, October 5, 2018.

Product Offering. The following products will be available in the Auction:

·         Between 825 and 1,025 2017 SRECs created in GATS as generation between June 1, 2016 and May 31, 2017;

·         Between 3,000 and 4,500 2018 SRECs created in GATS as generation between June 1, 2017 and May 31, 2018; and

·         Between 82,000 and 123,000 2019 SRECs created in GATS as generation between June 1, 2018 and September 30, 2018. 

Interested parties must qualify by submitting an online Qualification Form.  Bid assurance collateral is not required for this auction.  The Auction Manager will send instructions to all returning bidders.  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 web site.  Please visit the Documents page to access these documents.

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