News Column

Delmarva Power Auctioning Solar Renewable Energy Credits

June 24, 2014



NEWARK, Del., June 24 -- Delmarva Power issued the following news release:

Today, Delmarva Power announced the dates for the commencement of a Solar Renewable Energy Credit (SREC) Spot Market Auction. The application process will begin on June 25th and - applications will be accepted through July 7th.

SRECs allow generators of renewable energy to sell credits to Delmarva Power for its compliance with state standards for renewable energy development. These credits can accrue automatically to solar panel owners and often can be traded and sold like stocks in the financial market.

Through the auction, Delmarva Power intends to purchase from 2,000 to 6,000 SRECs to help meet its compliance year 2013/20143 Renewable Portfolio Standard (RPS) obligations in the State of Delaware. The Company will be accepting bids from generators of renewable energy wanting to sell existing SRECs created from generation sources on or after June 2010.

ImClime, Inc. has been selected to act as Procurement Agent for the auction. The auction will be hosted at www.SRECDelaware.com and all information regarding the auction will be posted on the site.

ImClime will use its leading SREC management platform and apply its market expertise in the execution of the auction. Consistent with the recently completed 2014 SREC Procurement Program, all bids will be entered online at the ImClime site.

For more information interested sellers should contact Rick Swink, Delmarva Power's manager energy transactions at 202-872-2430 or Kevin Quilliam of ImClime at 410-231-3996.

TNS 30FurigayJof-140625-4777323 30FurigayJof


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: Targeted News Service


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters