SREC Delaware Procurement
Each year the SREC Delaware program is open for bids during a two-week procurement window. The SREC Delaware Program only accepts bid applications during this two-week window. During each procurement, participants submit bids for the price they would be willing to accept per SREC. At the end of the two-week window, the Program Administrator verifies that all bids are valid, and then accepts the lowest valid bids in each tier until the tier is full. Please see our About page for more information on the SREC Delaware Program.
2012 SREC Procurement Pilot
The 2012 SREC Delaware Procurement Pilot was announced on March 8, 2012, and was open for bids from April 2, 2012, at 9:00 am EST to April 13, 2012, at 5:00 pm EST. The 2012 procurement consisted of five tiers based on system size.
Contract
The 2012 SREC Delaware Procurement Program awarded 20-year contracts to successful bidders. During years 1-10, successful bidders will be paid at their procurement price for SRECs transferred under the contract. During years 11-20, successful bidders will be paid the administrative price of $50 for SRECs transferred under the contract. Successful bidders will be paid any applicable bonuses in addition to the bid price or administrative price.
Details
The 2012 Procurement Pilot had five tiers. Bids were automatically assigned to a tier based on the size of the facility. Delmarva Power intended to procure 11,472 SRECs through the 2012 procurement pilot. The chart below describes the five tiers, and the maximum number of SRECs in each tier.
| Tier | Size (kW) | Number of SRECs/year |
|---|---|---|
| 1 | <50 | 2,972 |
| 2a | 50-250 | 2,000 |
| 2b | 250-500 | 2,000 |
| 3 | 500-2,000 | 4,500 |
| 4* | >2,000 | 10,600 |
*The procurement of SRECs for Tier 4. for the 2011 compliance year was satisfied in full with the purchase of SRECs from the Dover Sun Park Project. Accordingly, the process for procuring SRECs from Tier 4 projects is not included in the initial pilot SREC Procurement Pilot Program.
- Existing projects must have an “Accepted Completed Solar System Interconnection Application” dated December 1, 2010 or later.
- Proposed projects must commence operation within 12 months of the award date
- All projects must not have received supplemental funding from a public source, other than grants associated with the Delaware Green Energy Program (“GEP”) or grants, in lieu of the investment tax credit.
Documents & Resources
- Click here to view the 2012 procurement filing.
- Click here to view the 2012 Transfer Agreement.
Other Procurements
Each procurement is unique. For information about other SREC Delaware Procurements, please click the year below: