trending Market Intelligence /marketintelligence/en/news-insights/trending/vG0LYCFfDn-2zZOVJZEV0Q2 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, Md. solar renewable energy credits shift higher with more buying interest

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


NJ, Md. solar renewable energy credits shift higher with more buying interest

During the week ended Jan. 9, over-the-counter markets for renewable energy credits in Maryland and New Jersey worked higher due to increased buying interest.

Rebounding from previous losses, New Jersey solar REC values were up during the review period. Energy year 2019 SRECs in New Jersey ran at an index of $231.42/MWh, increasing 52 cents from the week prior.

At the New Jersey class I REC markets, values also swung higher, with vintage 2020 prices coming in at an average of $9.78/MWh, up 21 cents.

In early December 2019, the New Jersey Board of Public Utilities approved a new solar incentive program to bridge the current 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 renewable portfolio standard, 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 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 Maryland, reporting year 2020 SRECs were priced at an index of $81/MWh, gaining 42 cents week over week.

Maryland SREC prices started to climb sharply during the summer of 2019 after legislation was passed to hike the state's renewable portfolio standard, which would increase demand. The bill sets a mandate of 50% renewable generation by 2030.

Tier I markets in Maryland were also aimed higher during the week ended Jan. 9. Vintage 2020 tier I RECs in the state rose 25 cents from the week before to an average of $9.78/MWh.

In Connecticut, vintage 2019 RECs were assessed at $40.44/MWh, while vintage 2020 prices were seen at $42.66/MWh, down $1.28 and $1.09, respectively, week over week.

SNL Image