Platts to launch REC assessments April 13

Platts, following a period of market consultation, will launch weekly assessments 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 assessments include four types of REC products: eight for renewable compliance markets; five for solar markets; two for bundled compliance markets and two 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), while the two assessments for voluntary markets are Voluntary REC-National, Any Technology and Voluntary REC-National, Wind.

All REC assessments are published weekly and assessed in line with Market on Close practices to reflect the market value as of Thursday at 2:30 pm Eastern prevailing time.

If Thursday is a holiday, the Market on Close reflects market values at 2:30 pm EPT on the business day preceding Thursday.

Transactions, bids and offers, and other market information are compared and analyzed during the week. Bids and offers made and transactions completed closer to the Thursday 2:30 pm EPT timestamp receive greater weight in the assessment process. Editors also examine supply-and-demand data to discern underlying market fundamentals, which are used as part of the assessment process.

For questions, please contact Mike Wilczek at mike_wilczek@platts.com or Geoffrey Craig at geoffrey_craig@platts.com, with a cc to pricegroup@platts.com.