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Blog / News Post

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DOER Releases Solar Carve-out ACP Guideline to Establish 10 Year Forward Schedule

28 Dec 2011
Knollwood Energy
Energy Credits, massachusetts, solar, srec markets

MA dept of Energy ResourcesAfter carefully reviewing the public comments that were received, the Department of Energy Resources (DOER) is pleased to publish the Guideline that establishes a rolling 10 year Alternative Compliance Payment (ACP) Rate Schedule for the RPS Solar Carve-out. The schedule maintains the ACP Rate at its current level through Compliance Year 2013, and then reduces the Rate at 5% per year. The ACP Rate Schedule was established with consideration of price levels necessary to maintain robust solar development, while protecting ratepayers from unnecessary cost impacts.

DOER recognizes the importance to project developers and project financers, along with retail electric suppliers with compliance obligations, of having greater certainty about the ACP Rate further into the future. DOER expects this newly provided certainty will enhance parties’ abilities to project SREC revenue streams and facilitate project financing and negotiations for long-term contracts for SRECs.

Process for Implementing Solar ACP Rate Schedule

DOER will shortly commence rulemaking with limited scope to revise 225 CMR 14.00 to integrate the Solar ACP Rate Schedule into the Solar Carve-Out provisions as substitute for the current section 225 CMR 14.08(3)(b)2 that provides DOER the discretion to reduce the Rate annually.

10-year Forward Schedule
Alternative Compliance Payment (ACP) Rate
MA Solar Carve-Out
RPS Program 225 CMR 14.00

Compliance Year

ACP Rate per MWh

2012

$550

2013

$550

2014

$523

2015

$496

2016

$472

2017

$448

2018

$426

2019

$404

2020

$384

2021

$365

2022 and after

added no later than

January 31, 2012 (and annually

thereafter) following

stakeholder review

About the Author
Knollwood Energy is focused on the renewable energy markets. Our goal is the expansion of renewable energy across the United States. Our many years of expertise in trading and finance will help all of our clients in either the compliance or voluntary markets.

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