Stafford Township School District, New Jersey SREC Public-Auction Results

     September 7, 2011 – Flett Exchange is pleased to announce the results of the Stafford Township School District Solar Renewable Energy Credit SREC auction. The sale consisted of 273 credits representing solar energy generated during the 2011 energy year. The sale cleared at $645.01 per SREC. The 2011 energy year runs from June 2010 to May 2011. Flett Exchange charges no commissions to public entities and the proceeds to the District were $176,087.73.
     The sale was conducted on the Flett Exchange Electronic trading platform. All bids are shown in real time with absolute transparency. Market participation was strong with numerous electric providers competing to fulfill their renewable portfolio standard.
     Recent strength was seen in the tail end of the 2011 energy year compliance period. Competitive suppliers were given their final tru-up formula from the New Jersey Board of Public Utilities on August 29th. There was surprise in the industry from the side of the competitive electric suppliers with the release of the formula. Final SREC obligations were higher for competitive suppliers based upon a shift away from the basic generation services BGS suppliers who competitive suppliers have solicited business and homeowners to switch from in an increasing rate during the last year and a half. The BGS suppliers, who contract to supply power in 3 year intervals are exempt from increases in the solar carve out increases under the Solar Advancement and Fair Competition Act which changed SREC obligations from a percentage of power supplied to a fixed number. When the BGS supply contracts expire the SREC obligations will even out again.
     Market volatility has increased in the last month while the last few SRECs make their way to the market. Market sellers at this point are taking large risks since SRECs that are not sold in time for the October 1st deadline can be used for the following year however those prices are currently trading in the high $100s. SRECs for the 2011 energy year traded as high as $640 on the Flett Exchange spot platform which is used by facilities ranging from homeowners with 1 SREC to multi-megawatt facilities with thousands of SRECs.
     Energy year 2012 SRECs (June 2011 to May 2012 generation) are trading $170 today for immediate payment and delivery.
More on Flett Exchange: 
     Flett Exchange is the leading environmental exchange and brokerage firm. Our online trading platform brings transparency, price discovery, and liquidity to Solar Renewable Energy Certificates (SRECs). Over 3,300 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 to learn more about our services.v

New JerseyPublic AuctionsSREC