Stanford, CA (PRWEB) March 10, 2009
SRECTrade.com has completed its March monthly online auction for New Jersey Solar Renewable Energy Credits (SRECs) with a closing price of $675 per SREC and record volumes. This was the highest closing price for New Jersey SRECs since the auction began, and reflects the current shortage of SRECs in the New Jersey marketplace. SRECs are now trading near their theoretical maximum price given alternate compliance payment levels and transaction costs.
SRECTrade has also introduced EasyBid, the hands off service for selling SRECs at market prices. EasyBid takes care of registering solar systems, tracking their SREC generation, and selling SRECs as they are generated at market prices. System owners can enroll without obligation and will always receive the full selling price of their SREC without commissions, fees, or markups.
SRECTrade.com is the only public auction for New Jersey SRECs. It provides a transparent and efficient marketplace for buyers and sellers where prices are determined solely by supply and demand. The auction provides a convenient place for buyers and sellers of any size to obtain market prices on their SREC transactions. It not only facilitates routine SREC trades, but it also provides a publicly available market price that will help those planning to install solar systems in New Jersey calculate the return on their investment. The auction is an important step in establishing a transparent marketplace for SRECs, helping New Jersey reach its Renewable Portfolio Standard target of 1,700 MW of installed solar capacity by 2021.