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.
2013 SREC Procurement
The 2013 SREC Delaware Procurement was announced on February 8, 2013, and was open for bids from March 25, 2013, at 9:00 am EST to April 12, 2013, at 5:00 pm EST. The 2013 procurement consisted of five tiers, three (3) for new systems and two (2) for existing systems.
Contract
The 2013 SREC Delaware Procurement Program awarded 20-year contracts to successful bidders. During years 1-7, successful bidders will be paid at their procurement price for SRECs transferred under the contract. During years 8-20, 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 2013 Procurement had five tiers, three for new systems and two for existing systems. Bids were automatically assigned to a tier based on the attributes of the facility. Delmarva Power intended to procure a total of 8,000 SRECs through the 2013 procurement and 2013 spot auction. The chart below describes the five tiers, and the maximum number of SRECs in each tier.
New Systems
(Systems with final interconnection approval after April 2nd, 2012)
| Tier | Tier Description | Maximum SRECs in Tier |
|---|---|---|
| N-1 | Less than or equal to 30 kW | 1,200 |
| N-2 | Greater than 30 kW but less than or equal to 200 kW | 1,400 |
| N-3 | Greater than 200 kW but less than or equal to 2 MW | 1,400 |
Existing Systems
(Systems with final interconnection approval before April 2nd, 2012)
| Tier | Tier Description | Maximum SRECs in Tier |
|---|---|---|
| E-1 | Less than or equal to 30 kW | 1,500 |
| E-2 | Greater than 30 kW but less than or equal to 2 MW | 1,500 |
Spot Auction
Delaware certified SRECs produced on or after June 1st, 2009.
| Tier | Tier Description | Maximum SRECs in Tier |
|---|---|---|
| Spot Auction | 2013 Spot Auction | 1,000 |
Results
The 2013 SREC Delaware Procurement Results were announced on May 1, 2013. The high, low, and weighted average by tier was:
| N1 | N2 | N3 | E1 | E2 | Overall Procurement | |
|---|---|---|---|---|---|---|
| High | $62.87 | $140.00 | $63.90 | $50.00 | $50.00 | $140.00 |
| Low | $0.00 | $0.00 | $49.00 | $0.00 | $0.00 | $0.00 |
| Weighted Average | $46.48 | $86.60 | $51.13 | $34.59 | $39.29 | $50.77 |
Documents & Resources
- Click here to view a recording of the instructional webinar.
- Click here to view the 2013 procurement filing.
- Click here to view the 2013 Transfer Agreement.
Other Procurements
Each procurement is unique. For information about other SREC Delaware Procurements, please click the year below: