trending Market Intelligence /marketintelligence/en/news-insights/trending/y4wrrfwad3_44lbftc_jig2 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.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

NJ solar renewable energy credit prices move mixed ahead of holiday

State Of Indonesian Online Video: Subscription

Virtual Multichannel Revenues Projected To Soar In Next Five Years

Street Talk Episode 45 - Fed Moving From Rate Hikes To Lower For Longer

Consumer Engagement Remains Challenging For OTT Players In Asia

NJ solar renewable energy credit prices move mixed ahead of holiday

New Jersey solar renewable energy credit prices were mixed during the week ended Dec. 23. Energy-year 2016 SREC prices in the state posted an index at $228.75/MWh, up $1.25, while the energy-year 2017 market was assessed at $234.38/MWh, losing $1.25 week over week.

New Jersey class I REC prices eased during the week under review. Garden State vintage 2016 vintage class I RECs posted an average at $7.41/MWh, while 2017 vintage class I RECs notched an index at $7.67/MWh, down 3 cents and 4 cents, respectively.

To the Midwest, in Ohio, located RECs for 2016 and 2017 held firm at averages of $1.75/MWh and $2.38/MWh, respectively. Ohio in-state solar markets were also flat on the week at $7.33/MWh and $6.75/MWh.

In 2014, Ohio Gov. John Kasich signed S.B. 310, which put a hold on the state's renewable energy requirements. The law keeps renewable energy benchmarks at 2014 levels of 2.5% for 2015 and 2016, of which 0.12% of energy must be generated from solar resources. The benchmarks for renewable energy resources increase by 1 percentage point each year from 2017 through 2026, at which time 12.5% of the electricity sold must come from renewable resources such as wind, hydro and biomass, with 0.5% from solar.

The RPS freeze in Ohio is set to expire at the end of the year, and state lawmakers recently sent H.B. 554 to Kasich's desk for signature or veto. The bill would make the state's renewable energy obligations optional for two years, after which they would resume as mandates.

SNL Image

CSAPR emissions ho-hum heading into the holiday

Cross-State Air Pollution Rule emissions allowance price indications were unchanged during the week ended Dec. 23.

SNL Image

CSAPR 2016 seasonal NOx allowances held to a bid-and-offer range of $125 to $160. Over the last month, the market has fallen steadily from the $200 mark amid generally lackluster buying interest.

SNL Image

CSAPR 2017 seasonal NOx allowance remained in a bid-and-ask spread of $350 to $900 during the week ended Dec. 23. CSAPR annual NOx allowances for 2016 held to a level between $3 on the bid side and $10 on the offer end.

SNL Image

CSAPR SO2 Group 1 and Group 2 allowances for 2016 were unchanged on the week in a bid-and-ask spread of 50 cents to $10.

SNL Image

SNL Energy is an offering of S&P Global Market Intelligence. 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, natural gas, and coal index prices, as well as forwards and futures, visit our Commodities Pages.