reproduced with permission by snl.com (subscription required to access original article) By Amanda Luhavalja In Texas, renewable energy credit prices remain weak, holding well below $1/MWh, amid a host of factors, including ample supply and anemic demand, with the potential for any upside traction appearing scant. With a host of new renewable generation in the read more
Illinois: The past quarter saw an increase in liquidity in the IL ARES wind and non-wind market. Pricing has maintained its premium to the Green-e market with increased prices for the outer years. As you will see from our table we have added an IL ARES Non-Wind section. This market will see a number of read more
Illinois: The past quarter saw very little liquidity in the IL ARES wind market, with offers holding steady. Forward pricing has jumped up a bit, providing a very nice premium to the stagnant Green-e Market. Michigan: Just when Ohio was starting to dominate these notes, Michigan decides to join the party with a proposed bill read more
For our clients who are involved in the Ohio market, it is nice to have this significant question finally answered. We expect to see liquidity return to this market followed by better pricing. Shortly after this news, First Energy released an RFP for 250,000 Ohio RECs (improved liquidity). As always, I enjoy talking about this read more
Illinois: The past quarter saw IL RPS REC pricing decrease slightly, but still remain well above Green-e. We also saw a jump in demand for older non-wind IL RPS RECs, pushing the price past $1.00. Whether or not this is a temporary shift remains to be determined. Michigan: Prices ticked up a bit in the read more
Michigan: First quarter credit prices have held steady. We continue to see generators who are eligible for the Ohio Adjacent State market evaluate the opportunity of moving their Michigan based supply to that market. Minnesota: No change for Minnesota RPS RECs this quarter. Pricing remains consistent with historical trends. Missouri: Pricing for Missouri RPS RECs read more
After an impressive bull run that saw prices increase from $29 in Q1 2013 to a high of $85 in November of 2013, the remainder of the fourth quarter saw a decrease in interest in LCFS credits. The $85 peak rode the wave of a large oil major purchase, after which the market high was read more
Legislation has been passed in Ohio that is expected to bring about major changes in the state’s renewable energy market, impacting renewable energy certificate prices in not only the Buckeye State but perhaps in some neighboring states as well. Signed into law June 13 by Ohio Gov. John Kasich, a Republican, the Ohio State Legislature read more
It has been an interesting third quarter in the REC markets, with things mostly quiet with Ohio being the exception (as usual). Clear Energy is actively seeking Ohio Adjacent State RECs and Green-e RECs. Michigan RECs experienced a slight decrease in price as the overabundance of supply becomes more apparent. Offers significantly outnumber the bids. read more
The Maryland Tier I renewable energy certificate market presents an attractive destination for wind farms located in Midcontinent Independent System Operator’s footprint. It is a new scenario that capitalizes on the growing premium for Maryland Tier I RECs compared with the alternatives available to MISO-based wind farms. Apart from long-term power purchase agreements, these wind read more