Illinois: Like Chevy Chase on his sled in the movie “A Christmas Vacation”, prices seem to have shot down the hill at silicon based kitchen lubricant speed and liquidity is hiding in the Christmas tree. Non wind offers abound and buyers don’t have any trouble finding willing sellers. The long-term forecast for this market indicates read more
Illinois: With the legislature out of session, HB2607 seems to have faded away as a concern for this compliance market at present. It is possible this legislation will be reintroduced in the next session. The bill would have increased the RPS and moved REC purchases away from current obligated parties to the IPA. View PDF
Upside for Texas compliance REC prices remains limited By Amanda Luhavalja of SNL Energy Upside momentum for renewable energy credit compliance prices in Texas remains limited, amid little change in the state’s supply and demand picture, market sources indicate. Latest assessments from SNL Energy for over-the-counter compliance REC prices in Texas are lackluster, with the read more
Illinois: This quarter, the buyers all seem to have gone on spring break – we have plenty of offers in both IL ARES wind and nonwind credits, but no bids. While we have looked for a reason to explain this development, the only rationale seems to be that pending legislation in the state house has read more
The EPA’s Clean Power Plan is considered something that should enhance the value of renewable generation and hopefully increase the price we are seeing on some Renewable Energy Credits (RECs). As I learned years ago from studying the then proposed Pennsylvania RPS to the final version (complete with final rule making), nothing is certain until read more
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