Atlantic City Electric, JCP&L and Rockland Electric Issue Second Request for Proposals for Long Term SREC Contracts
Atlantic City Electric (“ACE”), Jersey Central Power and Light Company (“JCP&L”) and Rockland Electric("RE") have issued a second Request for Proposals (“RFP”) to select solar projects that will be eligible for long term contracts for the purchase of solar renewable energy credits (“SRECs”). The RFP is the second of nine solicitations to be issued over the next three years. Eligible projects will be selected based on price per SREC bid. Successful projects will be eligible for a ten year SREC contract at the bid price, less transaction fees.
The RFP is soliciting projects in the following three segments:
Segment 1: Net metered residential and small commercial less than or equal to 50kW:
- JCP&L – 1,160kW
- ACE – 439.32kW
- RE – 500kW (400 kW for commercial only)
Segment 2: Net metered projects greater than 50kW and up to 2MW:
- JCP&L – 4,330kW
- ACE – 1,920kW
- RE – 1,000kW
Segment 3: Grid-Supply projects certified as located on closed landfills, brownfields or areas of historic fill.
- JCP&L – 0
- ACE – 0
- RE – 1,500 kW
All eligible projects for Segments 1 and 2 must not yet be operational but must have successfully completed the initial application process under the SREC Registration Program.
All eligible projects must have submitted its SRP registration by 4 p.m. on September 28, 2015 and all applications must be submitted before noon on October 12, 2015.
If you would like more information or would like us to assist you in pursuing an RFP submission, please contact your Chiesa Shahinian & Giantomasi PC attorney or the author listed below.