Delaware SREC » Specifications

Click Here to View Official Delaware RPS Information on DSIREUSA.org

SREC State Eligibility: Delaware, Pennsylvania, and Washington DC

Eligibility Inception: Upon date of interconnection

Energy Year: June 1 - May 31

Tracking System: PJM-GATS

SREC Lifespan:

3 years: A 2011 SREC can be counted towards 2011, 2012, or 2013 Delaware Renewable Portfolio Standard (RPS)

Solar Alternative Compliance Payment (SACP):

Delaware's SACP is $400 and can increase to $450 if Load Serving Entities (LSEs) pay the SACP in any previous year and up to $500 if the SACP has been paid for any two previous years

Meter Readings: Solar facilities report their monthly meter readings

Solar Requirement: 3.5% of total electricity generated for energy year 2025-2026

Regulation or Legislation: S.B. 328 (effective 2008) S.B. 119 (effective 2010)

Energy Year	RPS Solar Requirement	Projected SRECs Required (MWh)	SACP
2010-2011	0.018%	2,267	$400
2011-2012	0.20%	25,571	$400
2012-2013	0.40%	51,911	$400
2013-2014	0.60%	79,036	$400
2014-2015	0.80%	106,960	$400
2015-2016	1.00%	135,707	$400
2016-2017	1.25%	172,178	$400
2017-2018	1.50%	209,713	$400
2018-2019	1.75%	248,335	$400
2019-2020	2.00%	288,068	$400
2020-2021	2.25%	328,938	$400
2021-2022	2.50%	370,969	$400
2022-2023	2.75%	414,187	$400
2023-2024	3.00%	458,618	$400
2024-2025	3.25%	504,289	$400
2025-2026	3.50%	551,226	$400

*Projected

To receive a Delaware state certification number, your solar installation must be sited in Delaware.
Delaware installations can apply to become an Eligible Energy Resource applying for state certification at www.depsc.delaware.gov.

Contact Information:

Delaware Public Service Commission
861 Silver Lake Boulevard
Cannon Building, Suite 100
Dover, DE 19904
Main: (302) 736-7500
Toll-Free: (800) 282-8574
Fax: (302) 739-4849

Transfers:

Buyers and sellers of SRECs on Flett Exchange will transfer their certificates on the PJM-GATS Website. When an SREC is traded on the Flett Exchange Platform the buyer sends their payment to Flett Exchange, LLC within 3 business days. The seller immediately transfers the SRECs to "Flett Exchange LLC" on the PJM-GATS platform. Upon receiving the funds from the buyer Flett Exchange makes the funds available to the seller via check and transfers the SRECs to the buyers PJM-GATS account.

Individual and Small Corporate Sellers:

All participants in the SREC market on Flett Exchange have an account in their name. Buyers deposit funds for their SREC purchases with Flett Exchange, LLC. After a deal is completed on the Flett Exchange platform the seller transfers the SRECS to Flett Exchange account within the PJM-GATS website. Flett Exchange will then simultaneously transfer the SRECS to the buyers account on the PJM-GATS website and transfer the appropriate funds from the buyers escrow account at Flett Exchange to the sellers escrow account at Flett Exchange. The Seller can then request a check for the funds.

Flett Exchange customizes buy orders for electric generators required to fulfill RPS requirements. Flett Exchange charges buyers a $5 commission per SREC and acts as a direct representative for electric generators. Once the bulk order is filled Flett Exchange will transfer SRECs to the buyer in one completed contract.

Agreement:

Buyers and sellers agree to abide by the Flett Exchange User Agreement for Unregulated Forward Contracts. Buyers and sellers must log into the Flett Exchange platform with their user name and password and click the "I AGREE" tab for the user agreement. All transfers on Flett Exchange are bilateral in nature and Flett Exchange Does Not Guarantee performance of either party.

Seller shall promptly notify Purchaser of any change in circumstance, which causes the foregoing representation and warranty to no longer be true, including providing a copy of any notice received from the governing entity or otherwise indicating or determining that the Transferred SRECs are no longer RPS-eligible (Non-Eligible SRECs). Purchaser shall not be obligated to pay for Non-Eligible SRECs, and Seller shall be responsible to reimburse Purchaser for any payments made to Seller for Non-Eligible SRECs.

All buyers of SRECs must be aware of the nature of the Certificates. Certificates retire and are worthless at the end of the True-Up period. Buyers of Certificates may lose some or all of the value of the Certificate.

This is not a solicitation to buy or sell SRECS.

Contact your accountant before buying or selling SRECS.

Flett Exchange charges a commission of $2.50 cents per SREC for customers who execute on the Flett Exchange Internet Trading Platform.

Risk Disclaimer:

Flett Exchange, LLC discloses that there risks associated with the buying and selling of spot and long-term Solar Renewable Energy Certificates (SRECs). SRECs can fluctuate in price, be volatile in nature and there is no guarantee that SREC prices will appreciate or decline over time. SRECs are sensitive to economic, political, legislative, regulatory and other unforeseen factors and can experience periods of illiquidity.

Flett Exchange, LLC is an environmental exchange, brokerage and consulting firm. Flett Exchange, LLC facilitates the transaction and monetization of spot and long-term SREC contracts. Under no circumstances can Flett Exchange, LLC be held responsible for the actions, expectations or decisions of participating parties. All parties act on their own accord, cost and expense. All parties agree not to hold Flett Exchange or its officers, employees, subsidiaries or affiliates responsible for any wrongdoings. All parties forgo their right to claims, demands, disputes, controversies, complaints, suits, actions, proceedings and past, present or future allegations against Flett Exchange, LLC.