Flett Exchange saw its first trade in the NJ SREC market just seven days after the launch. A trade for 3 SRECs was done at a price of $200 each. The market after the trade was $192.00 bid, $225.00 offered for 2007 vintage certificates. The market for 2008 is $185.00 bid, no offer.
The seller has a home solar installation and earns about 12 certificates per year.
Buyers and sellers of SRECs can call in their orders to a Flett Exchange representative or manage them their selves from any computer.