To start off the month of June, New Jersey solar renewable energy credit prices were headed higher. Garden State energy year 2017 SRECs posted an index at $233.92/MWh, rising more than $10 on the week, while energy year 2018 SRECs came in at $181.25/MWh, up $2.50 from the prior week's assessment.
At the class I REC markets in New Jersey, prices were stable during the week ended June 2. New Jersey vintage 2017 class I RECs were priced at $5.72/MWh, flat week over week. New Jersey vintage 2018 class I RECs posted an index at $6.22/MWh, also unchanged from the week before.
In the neighboring Pennsylvania market, vintage 2017 tier I class I REC prices were firm as well, coming in at an average again of $5.66/MWh. Vintage 2018 tier I RECs lost ground, pegged at an index at $5.63/MWh, down 13 cents on the weekly period.
Pennsylvania solar market prices were unchanged during the week ended June 2. Reporting year 2017 and 2018 SREC prices in the Keystone State both came in at $6.50/MWh.
Maryland SREC prices for 2017 posted an average at $8.88/MWh during the week ended June 2, down 12 cents from the final week of May.
Class I REC prices in New Hampshire also steadied out as of the week ended June 2. New Hampshire class I RECs for 2017 posted an average again at $16.00/MWh.
CSAPR 2017 seasonal nitrogen oxide prices stabilize
After recent volatility, seasonal nitrogen oxide emissions allowances under the Cross-State Air Pollution Rule stabilized to kick off the month of June.
CSAPR seasonal NOx allowances for 2017 were pegged again in a bid-and-ask range of $650 to $750 during the week ended June 2.
In mid-May, 2017 seasonal NOx allowances surged to a recent peak of about $750, spurred by increased buying with the kickoff of the ozone season against a backdrop of tighter supply. In September 2016, the U.S. Environmental Protection Agency finalized an update to the CSAPR Seasonal NOx program, which trimmed the seasonal NOx allocations by more than 40% starting in May.
CSAPR vintage 2018 seasonal NOx allowances were also firm during the week ended June 2, marked in a bid-and-offer spread of $225 to $275. CSAPR vintage 2017 annual NOx allowances were eyed again between $2.50 and $4.00.
CSAPR vintage 2017 Group 1 and Group 2 SO2 allowances were seen again in bid-and-ask spreads of 50 cents to $5 and 50 cents to $6, respectively, flat week over week.
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