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Vintage Year 2008:
Current volume for the vintage year 2008 Solar Renewable Energy Certificates (“SREC”) has been slowing considerably over the past few weeks. This isn’t a surprise considering there is a projected short fall in relation to the RPS required by the Load Serving Entities (“LSEs”). However, it remains vital that producers still holding their 2008 SRECs find buyers immediately as there is no telling when the utilities will stop their buying. Our current bid is $255 with no immediate counter offers.
Vintage Year 2009:
As we are still in the true up period for vintage year 2008 we have not seen any significant volume in the 2009 market. This is mainly because buyers are focusing on wrapping up their 2008 compliance buying before placing significant buy orders in the 2009 market. Thus far we have sold 2009s from $425 to $450 however volume has been low. Our current market remains $425 bid at $450. We have heard of a one year contract for all of the producers 2009s SRECs at $500 but haven’t seen anything else at those levels. On the sell side producers have been requesting from the lower $500s upwards to $675.
For more pricing information and questions call Flett Exchange at 201 209 0234 or email sproft@flettexchange.com
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