NJ BIZ released a report that a “Bill Addressing solar incentives could be proposed today”
Go to NJ biz.com to read the full report.
Solar installers and investors in New Jersey have been expecting a legislative fix to the SREC market. The market prices have collapsed to the $100 level this past year due to overbuilding of solar compared to the state requirements. Changes in legislation could correct the market to take into account the lower cost of solar. Potential changes to legislation are an increase in the renewable portfolio standard RPS and a decrease in the solar alternative compliance payment SACP.
Activity was brisk on the spot market on Flett Exchange today with the market rallying $7.50 for a settlement of $110.00 for energy year 2012 SRECs. As of 3pm the market was showing buyers willing to pay $110 per SREC with sellers willing to accept $120 to sell.
Selling volume continues to be light with many sellers still holding out for higher prices. Large blocks of SRECs are commanding higher prices once again. Flett Exchange brokers large blocks for single sellers directly or through aggregation, thus achieving premiums for its sellers. Large sellers are encouraged to call the trading desk directly at 201-209-0234.
More about Flett Exchange:
Flett Exchange is a leading environmental exchange and brokerage firm. Our online trading platform brings transparency, price discovery, and liquidity to Solar Renewable Energy Certificates (SRECs). Our knowledgeable staff is also available to assist you in selling your SRECs for you. Over 4,200 active clients utilize Flett Exchange to negotiate the price, quantity, and details of SRECs through our brokers or on our online trading platform. Upon each SREC transaction Flett Exchange remits immediate payment to our sellers. Flett Exchange operates SREC markets in NJ, PA, DE, MD, OH, and DC supported by trained solar professionals with specialized knowledge and proven experience.
Flett Exchange also brokers bilateral long-term SREC contracts between qualified counterparties. Flett Exchange buyers and sellers can secure price, quantity, and terms of SREC contracts 1-5 years in duration. Our stringent vetting process ensures that quality solar projects are presented to the market in a skillful manner. Buyers and sellers utilize Flett Exchange for long-term SREC contracts gain direct access to large pools of SRECs, while mitigating risk and locking-in profits. Please visit www.flettexchange.com to learn more about our services. (201) 209-0234.
DISCLAIMER: This article contains forward looking statements. Actual market action could differ materially from those anticipated. Sellers of SRECs should do their own research. Actual SREC production may differ significantly from those estimates. The company assumes no obligation to update any forward-looking statement.