SREC Prices are collapsing!

I had been able to sell SRECs until now for over $650. Now suddenly I see prices are like $155.

You can check SREC prices at websites such as

http://njsrec.com/

http://www.flettexchange.com/

Apparently this has happened due to potential for oversupply for 2012 SRECs (June 1, 2011 thru May 31, 2012 SRECs are called 2012 SRECs).

See the following webpages for more information.

http://www.srectrade.com/blog/tag/new-jersey-srec-prices

http://barryonenergy.wordpress.com/2011/05/27/possible-death-blow-to-new-jersey-solar-energy-projects/

There is a bill New Jersey State Senate recently passed S2371, intended to help stabilize the NJ SREC market. The bill has yet to move to the State Assembly and the Governor’s desk, but if passed, it would move the SREC compliance requirements forward one year, with RY2014 SREC requirements replacing those in place for RY2013.