NewJersey solar and non-solar renewable energy credit marketseased to conclude the month of April. Energy year 2016 SRECs saw an average at$289.94/MWh, down $1 on the week.
NewJersey vintage 2016 class I REC prices posted an index at $13.60/MWh during theweekly period under review, slipping 3 cents week over week.
InOhio, solar and non-solar REC markets were firm to lower during the week endedApril 29. In-state solar RECs for 2016 in Ohio came in at an indexat $17.50/MWh, down 25 cents week over week. Ohio 2016 located RECs saw anaverage at $2.33/MWh, flat to the week prior.
was introduced inOhio this week that would extend the state's freeze on renewable energyrequirements for three more years. S.B. 320, introduced by Sen. Bill Seitz,would freeze the state's renewable energy and solar energy benchmarks forinvestor-owned utilities at 2014 levels through 2019.
Thebill was filed nearly two years after Ohio Gov. John Kasich signed S.B. 310,which put a hold on the state's renewable energy requirements. The law keepsrenewable energy benchmarks at 2014 levels of 2.5% for 2015 and 2016, of which0.12% of energy must be generated from solar resources. The benchmarks forrenewable energy resources increase by 1 percentage point each year from 2017through 2026, at which time 12.5% of the electricity sold must come fromrenewable resources such as wind, hydro and biomass, with 0.5% from solar.Seitz's bill pushes the 12.5% and 0.5% mandates to 2029.
InRhode Island, RECprices were also flat to weaker during the week ended April 29. "Existing"RECs for 2016 saw an average again at $1.25/MWh, while "new" RECs for2016 posted an index at $37.00/MWh for the week under review, losing nearly $1on the period.
Inearly April, lawmakers in Rhode Island advanced legislation seeking to requireNational Grid to gradually increase its purchases of renewable energy until 40%of electricity consumed in the state comes from renewables. S.B.2185 seeks to extend the state's renewable energy standard through 2035. Thebill would require National Grid, the state's sole utility, to purchase anadditional 1.5% of retail electricity sales from both in-state and out-of-staterenewables including hydro, biogas and carbon-emitting wood.
CSAPR emissions toe the lineto conclude April
Accordingto over-the-counter broker data, Cross-State Air Pollution Rule NOx and SO2emissions market price indications were once again flat to round out the monthof April, seeing no change in value during the week ended April 29.
CSAPR2016 annual NOx allowances remained in a bid-and-ask range of $20 to $50. CSAPRseasonal NOx allowances for 2016 were quoted again in a bid-and-offer spread of$220 to $290 during the week ended April 29.
Atthe SO2 markets, during the week ended April 29, CSAPR 2016 SO2 Group 1allowances held to a bid-and-ask range of $1 to $5, while CSAPR 2016 SO2 Group2 allowances were steady in a bid-and-offer spread of $2 and $7.50.
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