SREC Procurement Program Overview

The 2014 Spot Auction will run from June 25th to July 7th, 2014. All bids will be place on the SRECDelaware.com website.

Note:The 2014 Long-term SREC Solicitation has closed and the results have been announced. Information on future solicitations will be posted on this site as they become available.

2014 Spot Auction Schedule

  • June 25th – Bid window opens at 9:00 AM EST at SRECDelaware.com
  • July 7th – Bid window closes at 5:00 PM EST
  • July 9th – Winning bidders notified
  • July 23rd – Payments initiated to winning bidders

2014 Spot Auction Details

The 2014 spot auction will be open to all Delaware certified SRECs produced on or after June 1st, 2010. This auction will only accept existing, already generated SRECS. Bidders will enter a bid price for each SREC they wish to sell, and all successful bidders will win at their bid price. Winning bidders will have an 8% commission deducted from their final payment. There will be no multipliers provided for Delaware labor or equipment certified SRECs. Delmarva Power anticipates purchasing between 2,000 and 6,000 SRECs in this auction to meet their 2013/14 Renewable Portfolio Standard obligation in Delaware.

Detailed instructions for entering a bid can be found here.

Existing SRECDelaware contract holders who have SRECs produced outside their contract can log in using their regular SRECDelaware account to sell these SRECs in the spot auction. All SRECs available and eligible for the auction will automatically be displayed on the order entry page. Note that 2014 Solicitation winners will not be able to sell any SRECs generated prior to June, 2014 through their contract and should use this spot auction to sell any of these pre-contract SRECS.

Auction participants who hold their SRECS outside the SRECDelaware PJM-GATS account must create a new free account on the SRECDelaware website to enter their auction orders. All SRECs bid must be transferred into the SRECDelaware GATS account prior to 5:00 EST on July 7th in order for their bid to be valid. Instructions for doing this can be found here. Failure to transfer SRECs prior to auction close will result in an invalidated bid. SRECs for all unsuccessful bids will be returned after the auction closes.

Payments for winning SRECs will be deposited directly to the winning bidder’s bank account via ACH.


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