Alex Anich

The BGS Auction in early February triggered an increase in prices, lifting them to $130 for RY 2013 SRECs. Now a month after the close of the BGS and with the upcoming EDC Auction as the next large market event in sight, RY 2013 SREC prices have softened slightly from their six-month peak. The spot contract traded to $117.50 on March 8. Karbone anticipates that prices could potentially retreat further in the lead up to the March 19th EDC Auction, when 53,000 to 62,000 RY 2013 SRECs will be introduced to the market.

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