trending Market Intelligence /marketintelligence/en/news-insights/trending/YyHlABMH9DdqYyVupdekCw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Md., NJ solar renewable energy credit prices slide to open new year

Q2: U.S. Solar and Wind Power by the Numbers

Essential Energy Insights - September 17, 2020

Essential Energy Insights September 2020

Rate case activity slips, COVID-19 proceedings remain at the forefront in August

Md., NJ solar renewable energy credit prices slide to open new year

Over-the-counter prices for solar and nonsolar renewable energy credit prices were flat to lower at many major U.S. markets to kick off the new year.

During the week ended Jan. 2, Maryland reporting year 2020 SRECs were assessed at an index of $80.58/MWh, down 34 cents from the week before.

In recent months, Maryland SREC prices have rallied due to the passage of legislation to hike the state's renewable portfolio standard, which would increase demand. The bill sets a mandate of 50% renewable generation by 2030.

In the nearby New Jersey market, SREC prices leaked lower as well during the week ended Jan. 2. Garden State energy year 2020 SRECs were priced at $230.50/MWh, down $2 from previous assessments. Class I REC prices in the Garden State gained just 1 cent to an average of $9.57/MWh.

In early December 2019, the New Jersey Board of Public Utilities approved a new solar incentive program to serve as a bridge between an existing program and one that has not yet been developed.

This is a result of a 2018 law that, in addition to expanding New Jersey's RPS, called for the board to close the existing SREC program to new applications when 5.1% of the electricity sold in the state comes from solar, or by June 2021, whichever comes first.

The board established 15-year, fixed-price Transition Renewable Energy Certificates, which will be available to projects that were in the solar renewable energy certificate pipeline as of Oct. 29, 2018, but have not reached commercial operation at the time the board determines the 5.1% milestone has been reached.

In the Midwest, Ohio solar and nonsolar REC markets were firm on the weekly period. The 2019 Ohio located RECs were priced again at $7.69/MWh, while 2020 located RECs were steady at an average of $6.96/MWh during the review week.

Ohio in-state SRECs for 2019 held to an index at $8.50/MWh, while prices for 2020 remained at $7.38/MWh.

Ohio SREC prices plunged over the summer due to the passage of legislation to do away with the state's solar carve-out beginning in 2020. Previously, in early 2018, Ohio SREC prices had surged alongside a rally in the neighboring Pennsylvania market since certain solar projects in Ohio were still allowed to sell SRECs into Pennsylvania.

SNL Image