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.
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.
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.
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.
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.
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