2016 SREC Procurement Program Overview

2016 Schedule

  • May 9th – Information on 2016 Solicitation posted at SRECDelaware.com
  • May 25th- First Webinar held at 1 PM. View the presentation here.
  • May 31st – Solicitation bid window opens at SRECDelaware.com at 9:00 am
  • June 10th – Solicitation bid window closes at 5:00 PM
  • June 15th- Preliminary Bid Opening held at the Delaware Sustainable Energy Utility
  • June 22nd- Results of the 2016 Procurement Announced. View the posting here.

2016 Program Summary

The 2016 Solicitation will again consist of five tiers, three for new systems and two for existing systems. All tiers of the solicitation will be competitively bid with winning bids determined based solely on price. The five tiers are as follows:

 

New Systems
(systems with final interconnection approval after April 13th, 2015)
Tier Nameplate Rating - (DC at STC) SRECs in Tier
N-1 Less than or equal to 25 kW 4,400*
N-2 Greater than 25 kW but less than or equal to 200 kW 2,300
N-3 Greater than 200 kW but less than or equal to 2 MW 2,300
Existing Systems
(systems with final interconnection approval before April 13, 2015)
Tier Nameplate Rating - (DC at STC) SRECs in Tier
E-1 Less than or equal to 25 kW 4,400 Pool*
E-2 Greater than 25 kW but less than or equal to 2 MW 4,400 Pool*

*The lowest priced bids from tiers N1, E1, and E2 will all compete for the same pool of 4,400 SRECs.

Note: Upon fulfillment of the 9,000 SRECs in these tiers, Delmarva Power may procure up to 6,000 more SRECs through the auction, regardless of tier, using the least expensive from New or Existing Systems.

All Tiers will be competitively bid. Each winning bid will enter into a contract with a term of 20 years. For the first 10 years, the SREC price will be the accepted bid price. For the remaining 10 years, the SREC price will be fixed at $35 per SREC.

Changes from 2015 Program

The 2016 program has the following substantive changes from the 2015 program:

  • The number of additional SRECs Delmarva may opt to buy through the auction after the 9,000 allotted SRECs has increased from 3,000 SRECs to 6,000 SRECs.
  • The breakpoint between tiers E-1 and E-2 and between tiers N-1 and N-2 has decreased from 30 kW to 25 kW.

 


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