How is the SREC price determined? What happens if SRECs cover more than the service of the debt?
The Proponent submits a Pricing Proposal, which includes a Price for each SREC and a Duration. A Proponent whose Proposal is recommended by the Solicitation Manager and approved by the Board is a “Successful Proponent” and the Project is a “Successful Project”. An Owner of a Successful Project that signs the SREC PSA is a “Seller”. A Seller receives the Price submitted for each SREC transferred to the EDC under the SREC PSA. The Proponent must submit a single Price for a given Project so that the Price obtained for all SRECs transferred is the same. The Duration is the number of years during which the Seller would receive the Price for each SREC transferred to the EDC under the SREC PSA. The Duration is a number of years between 10 and 15. If the Project is recommended by the Solicitation Manager and approved by the Board, all SRECs from the Project for the time period specified will be purchased by ACE or JCP&L for the price specified by the Proponent, regardless of the total amount a
Related Questions
- What happens if there is not enough available credit on my credit card to cover the cost of the service call, (i.e. my credit card is declined)?
- What is the price level of the SRECs paid under the SREC Purchase and Sale Agreement ("SREC PSA") and the duration of the SREC PSA?
- Why weren debt service costs added to the total price tag?
