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.

Spot Auctions are separate from the annual SREC Delaware Procurement. Anyone with existing Delaware certified SRECs can participate in Spot Auctions. The 2013 Spot Auction took place from May 15th to 22nd, 2013. All bids were placed on the SRECDelaware.com website.

Details

The 2013 spot auction only accepted existing, already generated SRECs. The 2013 spot auction was open to all Delaware certified SRECs produced on or after June 1st, 2009.

Bidders entered a bid price for each SREC they wished to sell, and all successful bidders won at their bid price. Winning bidders had an 8% commission deducted from their final payment. There were no multipliers provided for Delaware labor or equipment certified SRECs. Delmarva Power anticipated purchasing between 2,000 and 6,000 SRECs in this auction.

Customers who previously bid in one of the Delaware Procurement Programs could use their existing SRECDelaware login to participate. New participants could create a free SRECDelaware account in order to place their bids. Each SREC could be bid at a separate price if desired.

All SRECs entered into the auction were required to be transferred to the SRECDelaware PJM-GATS account prior to May 22nd at 5:00 PM EST. Failure to transfer the SRECs prior to the auction close would invalidate the bid. All non-winning SRECs were returned to the bidders PJM-GATS account after the auction closed. Payments for winning SRECs were deposited directly to the winning bidder’s bank account via ACH.

Owner representatives could enter bids for their clients. If they chose to do so, they must ensure the transfer of the SRECs bid to the SRECDelaware PJM-GATS account prior to the auction close.

Note that 2013 Solicitation winners were not able to sell any SRECs generated prior to June 2013 through their contract and were recommended to use this spot auction to sell any of these pre-contract SRECS.

Any winners of the 2012 SREC Procurement Program with existing SRECs in excess of their contract that they wished to enter into this auction were recommended to contact [email protected] to process their bid.

Results

A total of 2978 SRECs were purchased out of a total of 5394 offered. The weighted average price of SRECs sold was $33.94, with a low price of $1.50 and a high of $45.00.

Documents & Resources

• Click here to view step-by-step bidding instructions
• Click here to learn how to transfer SRECs from GATS

Other Procurements

Each procurement is unique. For information about other SREC Delaware Procurements, please click the year below:

| 2012 Pilot | 2013 | 2013 Spot Auction | 2014 | 2014 Spot Auction | 2015 | 2016 | 2017 |

| 2018 | 2019 | 2021 | 2022 | 2023 | 2024 | 2025 |