Ohio SREC » Specifications

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

SREC State Eligibility: Ohio, Pennsylvania, and Washington DC

States eligible to sell into the OH SREC Market: Load Serving Entities (LSEs) can procure 50% of their Renewable Portfolio Standard (RPS) obligation from in-state generation and the other 50% from states that border Ohio (IN, KY, MI, PA, and WV).

Flett Exchange offers a managed SREC service for Ohio solar generators. Flett Exchange registers OH generating solar facilities directly with the Ohio Public Utilities Commission. For more information on the OH SRECs, see www.puco.ohio.gov.

Eligibility Inception: Upon date of interconnection

Calendar Year: January 1 - December 31

Tracking System: PJM-GATS or MISO

SREC Lifespan:

5 years: A 2010 SREC can be counted towards 2010-2014 Ohio Renewable Portfolio Standard (RPS)

Solar Alternative Compliance Payment (SACP):

Ohio's SACP for 2010 and 2011 is $400 and is reduced by $50 every two years thereafter

Meter Readings:

All solar facilities report their generation from revenue grade meters

Solar Requirement: .5% of total electricity generated by 2024. At least 50% of Ohio's renewable energy requirement must be met by in-state facilities and the remaining 50% can be met by bordering states (PA, WV, KY, IN, and MI).

Regulation or Legislation: SB 221 (effective 2008)

Energy Year	RPS Solar Requirement	Projected SRECs Required (MWh)	SACP
2009	0.004%	7,000	$450
2010	0.01%	17,000	$400
2011	0.03%	52,000	$400
2012	0.06%	105,000	$350
2013	0.09%	160,000	$350
2014	0.12%	215,000	$300
2015	0.15%	275,000	$300
2016	0.18%	330,000	$250
2017	0.22%	415,000	$250
2018	0.26%	495,000	$200
2019	0.30%	580,000	$200
2020	0.34%	670,000	$150
2021	0.38%	750,000	$150
2022	0.42%	850,000	$100
2023	0.46%	945,000	$100
2023	0.50%	1,040,000	$50

Contact Information:

Public Utilities Commission of Ohio
Email: AEPS@puc.state.oh.us
Toll-Free: (800) 686-PUCO (7826)
Phone: (614) 466-3292 (in Columbus area)
Fax: (614) 752-8351
180 East Broad Street
Columbus, Ohio 43215

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.