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If increases in supply outpace the growing demand, spot prices could fall. SRECs have traded as high as $680 in New Jersey. [10] Meanwhile, other state SREC market prices range from $45 in Delaware to $271.05 in Massachusetts. [5]
In the United States, spot prices for SRECs generally decreased from 2010 to 2014. In New Jersey, the spot price for a 2010 SREC was $665.04 in July 2010 and about $160 in May 2014 for SRECs generated in different years. In Delaware, the spot price for a 2010 SREC was $255 in July 2010 and about $50 in May 2014 for SRECs generated in different ...
Solar power in Maryland is supported by the state's legislation regarding the Renewable Portfolio Standard and Solar Renewable Energy Credit (SREC) program. The target for renewable energy as of 2017 is 20% by 2020, including 2% from solar power.
It also posts price and volume information on its voluntary transactions. The publicly disclosed prices voluntarily by the participants have allowed analysis into the status of the markets. [12] [13] Flett Exchange provides daily SREC settlement prices to the public on its website for New Jersey, Pennsylvania, Maryland, Washington DC and Ohio ...
Uncertainties about the future value of SRECs has led to SREC contract markets [1] long-term to give clarity to their prices and allow solar developers to pre-sell/hedge their SRECs. Smart meters allow the retail price to vary as a function of time ("time of use pricing"). [2] When demand is high the retail price is high and vice versa.
At the time of writing, the national average price of regular gas is $3.62 per gallon, $0.02 higher than this time last year. Drivers who use premium gas are paying $0.07 more this year than last ...
This is a list of electricity-generating power stations in the U.S. state of Maryland, sorted by type and name. In 2022, Maryland had a total summer capacity of 11,908 MW through all of its power plants, and a net generation of 37,139 GWh. [ 2 ]
Maryland: 50% 2030 Legislation enacted May 2012 accelerated the RPS by 2 years. Of the 20% renewable target, solar power goal is 2%. [22] Legislation enacted in February 2017 set a new RPS for 2020 of 25%. [23] Legislation enacted in April 2019 set a new RPS for 2030 of 50% requiring 14.5% come from solar and at least 1200MW of offshore wind. [24]