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New Jersey Solar Capacity Update – February 2013The 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 … Posted in: New Jersey SRECs, Press Releases, Research, SREC New Jersey SREC Prices May Have Found Support!New Jersey SREC prices have rallied from an all-time low price of $60 in October to $80 most recently on the Flett Exchange trading platform. We think the market has found its bottom at this time. We think that a bottom is put in place for three main reasons: … Posted in: New Jersey SRECs, Press Releases, SREC New Jersey Electric Distribution Companies Sell 60,600 SRECs at $70.50Jersey City, NJ:The electric distribution companies (EDC’s) sold 60,600 New Jersey SRECs at $70.50 each today in an auction. This was the price for energy year 2013 SRECs. They sold over 5,000 energy year 2012 SRECs yesterday at $70.02 each. The EDC’s sell SRECs every quarter. Based on an … Posted in: New Jersey SRECs, Press Releases, SREC, Uncategorized New Jersey SRECs Settle below $100 on Flett ExchangeSolar renewable energy certificates settled at $97.75 today on the Flett Exchange SREC marketplace. This price is for immediate delivery and payment for the 2012 reporting year SRECs. The new 2013 reporting year SRECs settled at $100. This is the first time that prompt year New Jersey SRECs have settled … Posted in: New Jersey SRECs, Press Releases, SREC, Uncategorized New Jersey SREC Market Trades Below $100!The New Jersey SREC market traded below $100 for energy year 2012 SRECs on Thursday, April 19, 2012. The settlement price on the Flett Exchange was $88.94. The New Jersey 2012 SREC market has been plummeting since a peak of $282.50 on December 29, 2011. Last year at this time, … Posted in: New Jersey SRECs, Press Releases, SREC Tagged in: Flett, solar, SREC Electric Distribution Company Auction Clears $171.63The Electric Distribution Companies (EDCs) sold 26,480 New Jersey Solar Renewable Energy Certificates (SRECs) yesterday. The clearing price for the auction was $171.63. The SRECs were auctioned off by NERA Economic Consulting, a consultant to the Board of Public Utilities. This was the lowest price for a spot sale of … Posted in: New Jersey SRECs, Press Releases, SREC New Jersey SREC Market Trades Below $200 the first time since September 2011The New Jersey SREC market has slid below $200 for the first time since September 15, 2011. The Flett Exchange marketplace settled at $195.50 today for immediate payment and delivery. Oversupply of SRECs and the lack of corrective legislative action has caused the SREC market to drop over $80 in … Posted in: New Jersey SRECs, Press Releases, SREC New Jersey Solar Bill Falls Apart in NegotiationsThe much anticipated solar legislation (s-2371) failed to be posted during the last day of the New Jersey Legislature. The main intention of this legislation was to increase the amount of SRECs that the power companies in New Jersey have to purchase. This is needed to soak up the excess … Posted in: New Jersey SRECs, Press Releases, SREC New Jersey Assembly Committee Passes Solar Legislation, Now Waiting for Passage in Legislature and eventual Christie ApprovalThe New Jersey Telecommunications and Utilities Committee passed s-2371 yesterday. It now needs to be passed by the legislature. This bill has a new schedule that will soak up the oversupply of SRECs due to the overbuilding of solar in the State in the past 12 months. Solar developers have … Posted in: New Jersey SRECs, Press Releases, SREC Flett Exchange Public SREC Auction Results for Multiple Schools and MUAsFlett Exchange is pleased to announce the results of today’s public auction. The clearing price was $296.00 for 752 New Jersey Solar Renewable Energy Certificates SREC. This clearing price is the highest price achieved for the Sale of energy year 2012 SRECs since last July. The sale was conducted for … Posted in: New Jersey SRECs, Press Releases, Public-Auctions, SREC |
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