What is the difference between the compliance market and the voluntary market?
The compliance market is where SRECs are traded to meet the RPS requirements in the state. If a utility company does not purchase enough SRECs, they will pay an ACP (alternative compliance payment), currently set at $700. This is why SRECs trade below this $700 cap. The voluntary market is where SRECs are traded to companies who have interest in purchasing clean power. Since they are not subject to an ACP payment, they can offer you whatever they would like so they can purchase the SREC.
