trending Market Intelligence /marketintelligence/en/news-insights/trending/e-jnszaushi_xg7oihrpqa2 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

NJ, Pa., Md. class/tier I RECs retreat amid tepid buying interest

Essential Energy Insights - September, 2020

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

Bull market leaves US utilities behind in August

Utilities, midstream reckon with energy transformation on the horizon


NJ, Pa., Md. class/tier I RECs retreat amid tepid buying interest

Class/tier I renewable energy credit markets in New Jersey, Pennsylvania and Maryland stumbled during the week ended Oct. 11 amid lackluster buying interest.

Meanwhile, New Jersey solar REC markets advanced during the period. Garden State energy year 2019 SRECs notched an average at $222.08/MWh, up 25 cents on the week. New Jersey energy year 2018 solar RECs came in at an index of $224.25/MWh, rising more than $4 week over week, as yearly compliance reports were due to the state at the start of October.

New Jersey SREC prices are garnering possible support from expectations for increased demand following the passage of legislation in the state that would hike renewable portfolio standard requirements. In May, New Jersey Gov. Phil Murphy, a Democrat, signed Assembly Bill 3723/Senate Bill 2314, which increases the state's RPS to 50% by 2030 and hikes the solar requirements to 5.1% by energy year 2021 while decreasing the solar alternative compliance payment.

After a recent uptick due to active buying interest, New Jersey class I markets eased during the week ended Oct. 11. New Jersey vintage 2018 class I RECs came in at an average of $6.10/MWh, down 11 cents. New Jersey vintage 2019 class I RECs dropped 8 cents in value to an index at $6.35/MWh,

In Pennsylvania, tier I REC values also worked lower, in step with the neighboring New Jersey market. Pennsylvania vintage 2018 tier I RECs were eyed at $5.89/MWh, while vintage 2019 tier I RECs were seen at an index of $6.34/MWh, down 14 cents and 5 cents, respectively, from the week prior.

Maryland tier I RECs also faltered, in line with the Pennsylvania and New Jersey markets. Maryland vintage 2018 tier I RECs declined 15 cents to an average at $5.88/MWh, while vintage 2019 tier I values were down 10 cents to an index at $6.17/MWh.

SNL Image

Market prices and included industry data are current as of the time of publication and are subject to change. For more detailed market data, including power and natural gas index prices, as well as forwards and futures, visit our Commodities pages.