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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 Market Update – August 2014


The first of the new 2015 Energy Year SRECs were minted in GATS last Friday. Prices for spot SREC sales during the last year rallied in all of the major SREC markets covered by Flett Exchange. This was mostly due to new solar development being under control along with successful …

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Posted in: New Jersey SRECs, Research, SREC, Uncategorized

New Jersey SREC Market Update – July 2014


New Jersey SREC prices have been strong this year and are currently at the $180 level for the 2014 vintage SRECs. Prices have been strong due to compliance buying by energy providers. After the buying for this years’ compliance is done we expect SREC prices to drop back down. Prices …

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

New Jersey SREC Market Update – March 2014


It has been 3 months since our last New Jersey SREC market update. During that time SREC prices moved up from the $145 area in December 2013 to a high of $185 in February 2014 and have moved back down to the mid to high $150s. $185 was the highest …

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

New Jersey Low Solar Installation Rate Lends Support to the SREC Market


The rate of new solar installations in New Jersey has been dropping for over a year. This low build rate coupled with the increasing SREC demand put in place by legislation over a year ago is why SREC prices are up 100% from a year ago. Prices for new SRECs …

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

New Jersey SREC Prices Make New Highs – October 2013 Solar Capacity Update


Prices for New Jersey solar renewable energy certificates (SRECs) have risen in the past few months. On October 4th the 2014 energy year SRECs settled at $149.63 on the Flett Exchange Trading Platform. This is the highest price yet for the 2014 SRECs on the spot market, 30% higher than …

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Posted in: New Jersey SRECs, Research, SREC

New Jersey Solar Capacity Upadate: August 2013


The New Jersey Office of Clean Energy released the July solar installations last week. There are now 23,076 solar installations in the state with a total capacity of 1,106 Mw. There were only 11.5 Mw installed in July. This is the lowest amount of solar installed in one month since …

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Posted in: New Jersey SRECs, Research, SREC

New Jersey Solar Capacity Update – March 2013


The New Jersey Office of Clean Energy reported that 18 Mw of solar was installed during the month of March. This brings the installed capacity of solar in New Jersey to 1,026Mw. There are now 20,887 solar arrays in operation statewide.     The installation of 18 Mw in March …

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Posted in: New Jersey SRECs, Research, SREC, Uncategorized

New Jersey Solar Capacity Update – February 2013


The New Jersey Office of Clean Energy reported that 35 Mw of solar was installed during the month of February. This brings the installed capacity of solar in New Jersey to over 1 Gigawatt! There are now 20,340 solar arrays in operation statewide.   The 35 Mw for February was …

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

The New Jersey SREC Market Rallies Back over $100!


The New Jersey SREC market rallied up in the last week. Prices for energy year 2013 SRECs broke above $120 briefly on Monday, February 4th on the Flett Exchange SREC marketplace. This is up significantly from the low of $60 in October. As of this writing bids were $110 for …

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Posted in: New Jersey SRECs, SREC

New Jersey Solar Installation Update – December 2012


The New Jersey Office of Clean Energy reported a build of 9Mw for the month of December. (This is a preliminary number as of January 7th). If this is actually close to the final number, it indicates that the solar industry in New Jersey is finally starting to develop within …

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Posted in: New Jersey SRECs, Research, SREC

 



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