The third and final round of the MA Solar Credit Clearinghouse Auction was held on Friday August 2, 2013. There were 38,866 SRECs deposited into the auction and only 3 SRECs were sold. The good news is that due to recent regulatory revisions to the RPS Solar Carve-Out compliance obligation formula, the Department of Energy Resources (DOER) is offering a one-time only purchase of all unsold 2012 Clearinghouse Auction SRECs at a fixed price of $285 per SREC.
You can choose to sell all, some or none of your reminted 2012 credits to DOER. If you choose to sell all or some, you can expect to receive payment by the middle of September. Any SRECs that you do not want sold now will be returned to your Knollwood Energy account. We can then sell those SRECs anytime during the next three years (2013, 2014, 2015), but they can never be deposited back into another Clearinghouse Auction.
If you want to sell all of your 2012 SRECs, then you do not need to do anything. We will sell your 2012 SRECs to DOER and send you the payment. If you want to sell only some or none, then please email Alane@KnollwoodEnergy.com with the number of credits that you want sold. You can check your Knollwood Energy account to find the exact number of 2012 credits you have for sale (log into Knollwood portal, click on View Creation Summary and look at the SRECs Available in the row of the 2012 SREC year). Again, If we do not hear back from you by Wednesday August 14th, we will sell all of your 2012 SRECs to DOER.
To read the full DOER announcement, click this link http://e2.ma/message/wsg2h/oq51x
If you have any questions, please do not hesitate to email or call Alane.