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DOER Announces Solar Credit Auction Results
Following is an announcement from the MA DOER about the SREC I and II auctions:
“DOER is pleased to announce that both the 2016 SREC I and SREC II auctions have fully cleared in the first round. Preliminary results indicate that the SREC I auction had 34 unique bidders submitting a total bid volume of 195,464, which was more than sufficient demand to clear the available auction volume of 18,428 SRECs. As for the SREC II auction, there were 11 unique bidders submitting a total bid volume of 303,956, which was also more than sufficient demand to clear the available auction volume of 243,377 SREC IIs.
DOER and EnerNOC are continuing to certify and finalize the results of the auction. More details on the final results will be posted to the SREC auction web page next week.“
What this means to Knollwood Energy Customers
Knollwood Energy of MA SREC II customers should expect to receive payment for all previously unsold 2016 SRECs by the end of August. Knollwood Energy of MA did not deposit any SREC 1 2016 SRECs into the auctionas all of our customers received significantly more throughout the year than they would have received if deposited into this auction. The auction sale price for both SREC I and II was $285.
