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Home » Renewable Energy » Project Activity Reports

SREC Pricing

 

Download Updated Trading Data:

SREC trade data for prior months and Reporting/Energy Years is available on the page below and includes all SREC trade data from SREC trading inception on 08.14.04 through the present month.

Current SREC Trading Statistics Energy Year 2013

The tables below contain monthly New Jersey SREC pricing data based on prices reported by registered SREC account holders. This data is provided for informational purposes only. Past SREC pricing is not predictive of future values, and any persons considering investment in the solar market should perform their independent due diligence.

Effective with 2011 reporting, the terminology of Reporting Year was changed to Energy Year to be consistent with The Solar Energy Advancement and Fair Competition Act (A3520). The tables that cover periods prior to the legislative change will continue to be referred to as Reporting Years.

For SRECs from electricity produced June 1, 2012 - May 31, 2013. Includes transactions during the true-up period.

EY 2013 SACP= $641 SREC Quantity Monthly Cumulative
Month Year Active kW DC Issued in Month Traded in Month High
($/MWh)		 Low
($/MWh)		 # of SRECs Traded Weighted Avg Price
($/MWh)
Mar 2013 967,849 61,195  128,898 $641 $68 645,573 $195.57
Feb 2013 932,365 55,612  126,630 $620 $40  516,675 $208.88
Jan 2013 921,312  47,648  96,603 $641  $40 390,045  $228.20 
Dec 2012 898,218  65,933   72,020

$620

  $40 293,442 $215.06
Nov 2012  886,677   60,244  75,602 $658   $60  221,372 $219.56
Oct 2012 867,024 90,783 82,813 $658 $40 145,770 $252.81
Sept 2012 850,917 106,498 34,124 $650 $50 62,957 $309.77
Aug 2012 836,111 101,993 21,510 $620 $50 28,833 $312.37
Jul 2012 814,701 95,855 7,323 Due to low trade volume, the July trades are reported with the pricing data for August.
  Total   685,761 645,573  

Note 1: The Active kW DC data is based upon generators that have registered their NJ Solar generating facility at PJM GATS as of the end of the month. Additional projects that are installed but have not yet registered are not included in the values shown above. 

 

The Cumulative Weighted Average Price ($/MWh) is based upon all trades for the entire Energy Year 2012 as of this report date.

The Monthly Weighted Average Price ($/MWh) is based upon trades for each individual month.

Final SREC Trading Statistics Energy Year 2012

For SRECs from electricity produced June 1, 2011 – May 31, 2012. Includes transactions during the true-up period through November 30, 2012.

EY2012 SACP=$658 SREC Quantity Monthly Cumulative
Month Year Active kW DC Issued in Month Traded in Month High
($/MWh)		 Low
($/MWh)		 # of SRECs Traded Weighted Avg Price
($/MWh)
Nov 2012 886,593 2,257 78,574 $658 $52 1,108,765 $287.71
Oct 2012 866,940 3,079 68,533 $658 $48 1,030,191 $292.86
Sept 2012 850,833 3,247 25,439 $500 $50 961,658 $297.39
Aug 2012 834,995 9,677 86,222 $613 $50 936,219 $302.81
Jul 2012 813,598  18,311 292,185  $640  $50  849,997  $316.18 
Jun 2012 783,247 113,299  121,355  $635  $85  557,812  $316.19 
May 2012 739,719  102,942  78,459  $658  $50  437,974  $325.76 
Apr 2012 689,842  69,223  48,617  $640  $75  357,998  $346.55 
Mar 2012 667,867  60,685  50,701  $635  $100  309,381  $342.56 
Feb 2012 628,922  43,636  37,581  $650  $112  258,680  $361.67 
Jan 2012 521,327  42,745  50,186   $669  $115  221,099  $373.75 
Dec 2011 487,688 40,592  52,716  $658  $115  170,913  $369.46 
Nov 2011 442,991 36,897 52,024 $650 $100 118,197 $353.21
Oct 2011 425,132 34,467 34,724 $658 $120 66,173  $403.07 
Sept 2011 413,224 45,941 18,412 $675 $50 31,449 $401.90
Aug 2011 395,254 48,535 12,252 $665 $100 13,037 $410.48
July 2011 362,385 37,738 785 Due to low trade volume, the July trades are reported with the pricing data in August.
  Total   713,271 1,108,765  

Note 1: The Active kW DC data is based upon generators that have registered their NJ Solar generating facility at PJM GATS as of the end of the month. Additional projects that are installed but have not yet registered are not included in the values shown above.

The Cumulative Weighted Average Price ($/MWh) is based upon all trades for the entire Energy Year 2012 as of this report date.

The Monthly Weighted Average Price ($/MWh) is based upon trades for each individual month.

Breakdown of SRECs Issued and Traded During Overlapping Reporting Years

The monthly reporting totals on the PJM GATS website provide the vales of all NJ SRECs issued or traded during each month. From July to November, there is overlapping activity that occurs during the true-up period for the recently completed Energy Year 2011 and the new Energy Year 2012. The table below provides a breakdown of the SRECs issued and the SRECs traded into the applicable Energy Year.

  SRECs Issued SRECs Traded
Trading Month Year Monthly Total1 Applicable to EY2011 Applicable to EY2012 Monthly Total1 Applicable to EY2011 Applicable to EY2012
Nov 2011 37,079 182 36,897 100,862 48,838 52,024
Oct 2011 35,028 561 34,467 139,088 104,364 34,724
Sept 2011 47,827 1,886 45,941 73,845 55,433 18,412
Aug 2011 51,559 3,024 48,535 87,335 75,083 12,252
Jul  2011 46,902 9,164 37,738 111,056 110,271 785

Note 1: Monthly totals as reported on PJM GATS website for the referenced month.

 

Additional Reporting Years
Click on years to expand/collapse reporting.

2011
2010
2009
2008
2007
2006
2005

 

The cumulative weighted average price takes into account all of the SRECs that have been traded for all of the months reported.  This number can be used to reflect pricing trends.  It is calculated based on [(number of SRECs sold at price A* price A) + (number of SRECs sold at price B* price B) +...] / (total number of SRECs sold at price A + total number of SRECs sold at price B+...)]

RPS Regulations Reference

Follow these steps to view the RPS regulation rules:

  1. NJBPU's rules page.
     
  2. On the rules page, look under the picture of the gavel and click on 'Rules currently in effect (N.J.A.C.).'
     
  3. This will take you to the New Jersey Administrative Code on Lexis/Nexis where you should click on the folder entitled New Jersey Administrative Code.
     
  4. Click on the folder entitled TITLE 14 PUBLIC UTILITIES.
     
  5. Then click on CHAPTER 8 RENEWABLE ENERGY AND ENERGY EFFICIENCY.