Author: SRECTrade

2014 SRECDelaware Spot Auction June 25th – July 7th

The 2014 Delaware SREC spot auction will be conducted on behalf of Delmarva Power by InClime using the SRECDelaware platform. The spot auction will be open for orders from 9:00 AM EST on June 25th until 5:00 PM EST on July 7th. SRECs generated from June 2010 onward are eligible for the auction. Delmarva Power anticipates purchasing between 2,000 and 6,000 SRECs to meet their 2013/14 Renewable Portfolio Standard obligation in Delaware. All SRECs bid into the auction must be existing SRECs in PJM-GATS and must have Delaware certification numbers.

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2014 Solicitation Update

The Delaware Renewable Energy Taskforce has completed its work on the 2014 Delaware SREC solicitation design. The Taskforce’s work is now in the regulatory stage which requires a Public Service Commission (PSC) filing by Delmarva Power and Light and subsequent approval by the PSC. The 2014 solicitation is planned for the Spring of 2014, however exact timing and details are dependent on the filing and approval process. Information on the 2014 solicitation will published on the SRECDelaware website as soon as it becomes available.

2013 Spot Auction Results

The 2013 SRECDelaware Spot Auction has concluded. A total of 2978 SRECs were purchased out of a total of 5394 offered. The weighted average price of SRECs sold was $33.94, with a low price of $1.50 and a high of $45.00. All successful sellers will receive notification emails and payment by June 7th. Unsuccessful sellers will have their SRECs returned to their PJM-GATS accounts by May 24th.