Office 2007 Serial Why spot SREC Prices Have Dropp

[jhjkrhsd]

In July 2010, Pennsylvania Photo voltaic Renewable Power Credits (SRECs) had been investing at about $300 each. Methods positioned in Pennsylvania too as adjacent states, like Virginia and Delaware, could register their solar energy program together with the Pennsylvania Substitute Power Method (PA AEPS), acquire a Pennsylvania certification range, and generate SRECs valued of all around $0.30 per KWH.
Prices for Pennsylvania SRECs remained high for several months. In November 2010, spot charges have been even now trading above $300. During this time period, Sol Systems was providing a 5-year fixed value agreement for $280.00 per SREC and I frequently heard prospective buyers and system entrepreneurs inquire why the cost was so lower. Many method owners expected SREC costs to rise, and in place of electing the long-term agreement, these method owners decided to promote their SRECs about the spot industry.
Today, SREC market place conditions have altered and Pennsylvania SRECs have dropped drastically. SRECs sold about the spot market are clearing around the spot market for about 50 % of their July 2010 appeal (i.e. $150 per SREC) — when they are clearing at all.
The decline in Pennsylvania photo voltaic REC rates can be explained very simply. As of this past week, about 72 MW of solar capacity was registered to produce SRECs in Pennsylvania. However, the SREC demand,Office 2007 Professional, as dictated by Pennsylvania’s Option Electricity Portfolio Standards Act, requires only 34 MW of solar capacity in order to meet the solar-carve out for 2011 Compliance Yr. (The Pennsylvania Compliance 12 months is between June 1, 2010 and May 31, 2011).
The 38 MW differential between the compliance appetite (SREC demand) and the methods actually registered in Pennsylvania (SREC supply) has created an oversupply of PA SRECs. As compliance commodities, SRECs (which are simply the environmental attributes associated with 1 megawatt hour of photo voltaic electricity) have no intrinsic price. In other words,Office Professional 2007, if there is no buyer for the photo voltaic REC, it is worthless. With all the 2011 Compliance Yr coming to a close, and regulated entities shoring up their purchases of SRECs, the PA SREC industry is suffering. (Perhaps this explains why only 1 of the 396 PA SRECs offered for sale cleared in the January 2011 PJM SAGE Auction).
The oversupply of SRECs in Pennsylvania is also having a spill-over effect in linked markets (SREC markets are linked when you can use a credit from one state for compliance in another state). For example, some states allow a portion of their solar-carve out (solar demand) to be satisfied with SRECs from other states. However, as Pennsylvania became oversupplied, these other states also became oversupplied,Windows 7 Ultimate, and the result is deflated SREC spot market place costs across many markets.
At Sol Systems, we understand and monitor the dynamics within SREC markets, and do our best to mitigate risks for system owners by registering their method in multiple states and by providing them with various options for monetizing their SRECs that provide them together with the appropriate level of risk or security through products like Sol Brokerage, Sol Annuity, and Sol Upfront. For example, we have numerous buyers in Pennsylvania that signed up for a five 12 months agreement who are receiving $280 for every SREC that their program generates. These clients have ensured that they will meet their photo voltaic investment goals regardless of market circumstances.
About Sol Systems:
Sol Methods is a photo voltaic energy finance firm. With thousands of customers and hundreds of partners throughout the United States, Sol Systems is the largest and oldest SREC aggregator. We provide homeowners,Office 2007 Serial, businesses, photo voltaic installers, and developers with sophisticated financing solutions that help make photo voltaic power more affordable. Sol Systems also helps electricity suppliers and utilities manage and meet their photo voltaic RPS requirements by providing access to diverse SREC portfolios. For more information,Office 2007 Keygen, please visit www.solsystemscompany.com.