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Author Archives: Michael Flett

About Michael Flett

Michael Flett is Chief Executive Officer and President of Flett Exchange. Michael founded Flett Exchange in 2006, to introduce transparency, price discovery, and liquidity to environmental markets. His mission was to create a universal, online marketplace where buyers and sellers could meet and negotiate environmental products in a secure and seamless manner. Michael has been heralded as a pioneer of environmental markets; his leadership and innovation has afforded him the opportunity to speak at various clean energy conferences and advise utilities, energy companies, financial institutions, Fortune 500 corporations, townships, municipalities, and government agencies on renewable energy solutions. Through Michael’s stewardship, Flett Exchange is dedicated to educating, serving, and offering fair and orderly environmental markets for the betterment of a progressing green economy. Michael has over two decades of direct commodities experience. He has been a member of the New York Mercantile Exchange (NYMEX) since 1996, which is the world’s largest regulated energy exchange. Michael began his career in 1987 at Gerald Commodities, as an energy broker and later formed Flett Futures, Inc which expanded into one of the most respected energy brokers on the (NYMEX). Michael transitioned Flett Futures, Inc into a proprietary trading firm in 2000, to participate in the advent of electronic trading in energy futures and successfully traded over $200 billion in physical futures and over-the-counter financial energy derivatives.

New Jersey SREC Overview – Spring 2017


SREC Prices are Stable – For Now……   After rallying to $250 in the beginning of January the SRECs moved down to $210 and are now steady in the $225 to $230 range.   SREC Supply / Demand for This Year   SREC supply for RY 2017 is expected to …

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Posted in: New Jersey SRECs, Press Releases, Research, SREC

NEW JERSEY SREC PRICES END A FOUR YEAR RALLY


NEW JERSEY SREC PRICES END A FOUR YEAR RALLY   The four year uptrend in spot New Jersey SREC prices between 2012 and early 2016 has officially ended. The market is now in a downtrend. It is making new lows and subsequently lower highs on any rallies. We should expect …

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Posted in: New Jersey SRECs, Press Releases, Research, SREC

New Jersey SREC Prices Drop $50


  After reaching a four year high price of $290.09 on June 13th New Jersey SREC prices have dropped $50 to the $240 level.   There are two major reasons why the uptrend has stalled and prices have corrected slightly:   Most New Jersey electricity compliance buyers have finished procuring …

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Posted in: New Jersey SRECs, Press Releases, Research, SREC

March 2016 New Jersey SREC Market Update


  New Jersey SREC Prices Slip But Remain Close to Highs   The New Jersey SREC market reached a four year high on February 5th with a settlement of $289.78 on the Flett Exchange trading platform. Prices retraced $14 back down to $275 and are now trading close to $280 …

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Posted in: New Jersey SRECs, Press Releases, Research, SREC

New Jersey SRECs Rally to Highest Levels in 4 Years!


New Jersey SRECs Rally to Highest Levels in 4 Years!   The New Jersey SREC market rallied to the highest levels in four years yesterday. The previous high was $282.58 on December 29, 2011 on the 2012 vintage. Yesterdays’ settlement on Flett Exchange surpassed it by just 23 cents at …

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Posted in: New Jersey SRECs, Press Releases, Research, SREC

New Jersey SREC prices rally to highest levels since January 2012!


  New Jersey SREC prices rallied over $240 early this week to reach the highest levels since 2012! Prices are up over 30% from this time last year.   Prices are strong because the amount of solar installed in New Jersey on a monthly basis as reported by the Office …

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Posted in: New Jersey SRECs, Press Releases, Research, SREC

New Jersey Office of Clean Energy Report – June 2015


NJ_Solar_Market_Update_06_30_2015-3-3 pdf


Posted in: Uncategorized

New Jersey SREC Prices Remain High on Lower Solar Installations


  New Jersey SREC update August 2015:   The first of the energy year 2016 SRECs were minted on July 31st. Prices continue to remain strong in the mid $220s. It appears that there is still active buying by electric companies for their 2015 compliance which is due this fall. …

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Posted in: New Jersey SRECs, Press Releases, Research, SREC

New Jersey SREC Prices Off From February Highs


  SREC prices have risen 29% to $214.72 average in February 2015 compared to $166.30 in February 2014. Prices are currently trading $200 for new SRECs for immediate payment and delivery on the Flett Exchange trading platform. This is off from 3 year highs of $220 reached last month.   …

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Posted in: New Jersey SRECs, Press Releases, Research, SREC

New Jersey SREC Prices Reach 3 Year Highs!


  New Jersey SREC Prices Reach 3 Year Highs!   New Jersey SREC prices have rallied to the highest level seen since January 2012! SRECs are trading above $200 for both 2014 and 2015 energy years.   Prices have rallied for a few reasons:   1. Legislation passed by the …

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Posted in: New Jersey SRECs, Press Releases, Research, SREC

 



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