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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 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

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: …

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Posted in: New Jersey SRECs, Press Releases, SREC

New Jersey Electric Distribution Companies Sell 60,600 SRECs at $70.50


Jersey 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 …

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

New Jersey SRECs Settle below $100 on Flett Exchange


Solar 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 …

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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, …

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Posted in: New Jersey SRECs, Press Releases, SREC


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Electric Distribution Company Auction Clears $171.63


The 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 …

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Posted in: New Jersey SRECs, Press Releases, SREC

New Jersey SREC Market Trades Below $200 the first time since September 2011


The 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 …

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Posted in: New Jersey SRECs, Press Releases, SREC

 



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