A webinar will be held on March 21st to go over the program and application process, as well as answering any questions. A recording of the webinar will be posted once it is complete. Questions can also be submitted at any time here. All questions that are submitted will be posted in the FAQ or Announcements section of the SRECDelaware website so that all bidders have access to the same information.
All applications are competitively bid. Contracts are awarded at the price bid plus Delaware parts and labor bonus if applicable. In the following scenario there is only room for two contracts, but three facilities have bid.
Facility A bids in at $100/SREC and has Delaware parts and labor. Facility B bids $50/SREC without Delaware parts and labor. Facility C bids $110/SREC without Delaware parts and labor.
Facility A is awarded a contract of $100/SREC but is paid $120/SREC for the first 7 years. Facility B is awarded a contract of $50/SREC and is paid $50/SREC for the first 7 years. Facility C is not awarded a contract.
Contracts are awarded to lowest bidders, ranked by “bid price,” regardless of the Delaware parts and labor price adder.
No, if you don’t owe a bid deposit. Yes, if you do owe a bid deposit. All applications initially show 75% complete when submitted by the applicant. They will switch to 100% once SRECTrade staff has verified the application complete and any necessary bid deposits have been received and credited. Bid deposits are required for facilities that do not yet have Delaware certification number.
SRECDelaware.com will accept applications March 25, 2013 – April 12, 2013
Results are anticipated to be posted on April 19th.
The application portion of the SRECDelaware website will not open until March 25th.
All tiers of the 2013 solicitation will be determined by bid price. There is no bidding advantage gained by entering a bid early in the March 25th to April 12th bidding window. However, SRECTrade encourages you to enter your bid as early as possible since that will give us time to identify and work with you to correct any errors or omissions. Also, keep in mind that bid deposit wires must be initiated by 4:00 PM EST on Friday, April 12th.
Yes. All bids must be re-entered, but systems that applied an were not accepted in the last solicitation are free to enter again in this solicitation.
Only one bid can be entered for all the systems on a given parcel. If several systems have already been built on a parcel, they should all be bid as a single system.
Yes. Any system with a DE certification number can participate.
No. Systems simply need to have a revenue grade meter installed once they’ve won a contract. They do not need a revenue grade meter installed to bid.
By selecting that a given system has a revenue grade meter on the application, you are committing to having a revenue grade meter installed for any SRECs delivered under contract (SRECs produced from June 2013 production onward).
No. Proposed systems bidding in the “N” tiers do not need to be interconnected prior to applying. Systems without a DE certification number must provide the required bid deposit. Accepted systems have one year after the solicitation closes to complete their projects.
All systems applying for the Delaware Procurement program must have a Delaware certification number for their solar array, or obtain a Delaware certification once the array is built.
There is a bid deposit requirement of $100/kw for all proposed systems that do not have a Delaware PSC certification number by the time the solicitation bidding closes. All systems must be completed within one year of the solicitation or be subject to forfeiture of this bid deposit. There is no requirement to demonstrate site control for any bid, however bidders run the risk of losing their bid deposit if they bid on a speculative project that is not completed within this one year limit.
First, any host facility with a leased solar array is cautioned to ensure that they own the rights to the SREC stream from that array before bidding. Winning bidders are responsible for providing SRECs for the entire 20 year term and bidders should resolve any doubts regarding their ability to fulfill the contract term prior to bidding.
Yes. It has been determined that systems will be paid based on their DE labor and equipment status throughout the term of the contract.
The solicitation contracts are assignable and the seller can assign the contract to the new home owner by simply filling out and signing the necessary assignment forms available from the Program Administrator.
Any facility with a Delaware certification number ratifying its eligibility for the Delaware market may participate. Delaware certification numbers are issued by the Delaware Public Service Commission (PSC).
A typical Delaware certification number uses the following formats:
The Delaware Public Service Commission approved Delmarva Power and Light’s (DPL) filing for the 2013 solicitation. Another filing will need to be approved before running subsequent solicitations. The Delaware Renewable Energy Taskforce has been legislatively assigned to review and recommend changes to the design of the solicitations. They will likely review the results of the 2013 solicitation and incorporate any lessons learned in to the 2014 solicitation. In 2012 this review process began immediately after the solicitation was complete with public meetings running for several months afterward, eventually leading to the 2013 filing. A similar process can be anticipated for this year.