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Spot Pennsylvania SREC prices on Flett Exchange recently settle at $186. This is the lowest settlement price for PA Energy Year 2011 SRECs to date. Pennsylvania SREC prices have dropped 38% since summer of 2010 when they were consistently trading at $300 per SREC. Price drops are attributed to an oversupply of SRECs due to short-term over investment in solar facilities and the ability for the entire PJM Region to register and sell their SRECs in Pennsylvania. These price drops have still occurred despite large quantities of PA SRECs being exported for renewable portfolio standard needs in Ohio.
Dropping SREC prices are a sign of a properly functioning competitive SREC market. During times of over investment SREC prices drop, thus bringing savings to ratepayers while throttling back over investment. Once SREC prices normalize only the most economical solar projects will be developed. Long term SREC prices correlate to the true cost of developing solar.
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Flett Exchange is the leading SREC exchange and brokerage firm. Our online trading platform brings transparency, price discovery, and liquidity to Solar Renewable Energy Certificates (SRECs). Thousands of 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 get 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 1-5 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.
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