Prices for Solar Renewable Energy Credits SRECs in New Jersey starting this summer (energy year 2012 – June 2011 to May 2012) drop below $500. This is a sharp contrast to the $658.99 settlement for SRECs being traded on the Flett Exchange spot market. This is due to the perception that solar is being built at too quick of a pace and will oversupply the utilities needs for the next energy year.
The drop in SREC prices will filter out all of the high priced solar projects in the State.
Flett Exchange brokers long term SREC contracts for solar customers. Our customers have been locking in forward prices for SRECs to protect against an oversupply situation like this. The active market to lock in forward prices is currently 1, 2 and 3 year contracts.
More on Flett Exchange:
Flett Exchange is a leading environmental exchange and brokerage firm. Our online trading platform brings transparency, price discovery, and liquidity to Solar Renewable Energy Certificates (SRECs). Over 2,500 active clients utilize Flett Exchange to negotiate the price, quantity, and details of SRECs in a secure and seamless online trading platform. Upon each SREC transaction Flett Exchange remits immediate payment to our sellers (it’s simple sell a SREC and receive a check!) Flett Exchange operates SREC markets in NJ, PA, DE, MD, OH, CT, MA, and DC and supported by trained solar professionals with specialized knowledge and proven experience.
Flett Exchange brokers bilateral long-term SREC contracts between qualified counterparties. Flett Exchange buyers and sellers can secure price, quantity, and terms of SREC contracts 1-7 years in duration. Our stringent vetting process ensures that quality solar projects are presented to the market in a skillful manner. Buyers and sellers utilize Flett Exchange for long-term SREC contracts gain direct access to large pools of SRECs, while mitigating risk and locking-in profits. Please visit www.flettexchange.com to learn more about our services.