Platts to launch US REC assessments April 13

Platts intends to launch weekly assessments on April 13 for renewable energy certificates in 17 US REC markets. The assessments will be published in Megawatt Daily, on Platts Electricity Alert and in Platts Market Data.

The 17 assessments will include four types of REC products: eight assessments for renewable compliance markets; five assessments for solar markets; two assessments for bundled compliance markets; and two assessments for voluntary markets.

The eight REC assessments for renewable compliance markets, listed alphabetically, are: --California Tradable REC (Bucket 3) --Connecticut Class I REC --Maryland Tier I REC --Massachusetts Class I REC --New Jersey Tier I REC --Ohio In-State REC --Pennsylvania Tier I REC --Texas REC

The five REC assessments for solar markets are: --Maryland In-State Solar REC --Massachusetts Solar REC --New Jersey Solar REC --Ohio In-State Solar REC --Pennsylvania Solar REC

The two assessments for bundled compliance markets are California Bundled REC (Bucket 1) and California Bundled REC (Bucket 2). The two assessments for voluntary markets are Voluntary REC-National, Any Technology and Voluntary REC-National, Wind.

All REC assessments will be published weekly and will be assessed in line with Market on Close practices to reflect market value as of Thursday at 2:30 p.m. Eastern prevailing time. If Thursday is a holiday, the Market on Close will reflect market values at 2:30 p.m. EPT on the business day preceding Thursday. Transactions, bids and offers, and other market information will be compared and analyzed during the week. Bids and offers made and transactions completed closer to the Thursday 2:30 pm EPT timestamp will receive greater weight in the assessment process. Editors will also examine supply and demand data to discern underlying market fundamentals, which are used as part of the assessment process.

Please submit questions or comments by April 11 to Mike Wilczek at mike_wilczek@platts.com with a cc to pricegroup@platts.com.