FAQs

Answers to your Frequently Asked Questions ("FAQs") are posted on this page. To ask a question, please use our automated form. FAQs will be posted every Wednesday. FAQs will be posted daily during the week prior to the deadline for submitting Pricing Proposals and Qualification Materials.”

General

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  • FAQ-243:
    How far can a project proceed when it's bidding for the EDC based financing program? Can the construction be complete, and can the state inspection take place? Can the system be turned on if it passes the state inspection?

    As you note, the Program requires that the Project not be interconnected and that the Owner of the Project does not request interconnection prior to the Board Order on the results of the solicitation. Existing Projects that are interconnected are not eligible. There are no other requirements regarding the stage of construction of a Project at the time at which a Proposal is presented to the Program.

    We are unsure what you mean by “the system be turned on” and whether it would be possible for the Project to be turned on and yet not interconnected.

    The eligibility conditions that do apply under the Program are specified in the RFP Rules, available on the Documents page of our Web site. In particular, we note that the Project must have completed the Initial Application process under the SREC Registration Program (“SRP”) or under Renewable Energy Incentive Program (“REIP”) administered by the Board of Public Utilities.



    08/04/2011 in General

  • FAQ-239:
    What is a realistic expectation for SREC price sold directly to ACE for 5, 7 or 10 year term?

    The SREC-Based Financing Program ("Program") is a program through which ACE contracts to purchase solar Renewable Energy Certificates ("SRECs") from solar projects for terms from 10 to 15 years. The Solicitation Manager is not aware of ACE purchasing directly SRECs for 5, 7, or 10-year terms and cannot respond directly to this request.



    08/04/2011 in General

  • FAQ-236:
    We aggregate for many of our customers after their projects are built. Can we aggregate for customers that have a long-term SREC contract?

    The SREC Purchase and Sale Agreement (“SREC PSA”) does not contemplate an arrangement whereby several projects are aggregated. Each SREC PSA corresponds to a different project, as specified in Appendix B, with its own specific account with PJM-EIS GATS and its own specific price.



    08/04/2011 in General

  • FAQ-230:
    What are the rules surrounding changes in system size for projects that received an award in the first five rounds of the SREC Based Financing Program (for example a project awarded in the August 2010 solicitation)? Section 5.2.12 of the RFP Rules for the February 2011 solicitation (Round 6) addresses this point, but the same provision is not found in the RFP Rules of prior solicitations.

    Please see Paragraph 5.2.12 of the RFP Rules that provide the details of changes in Project size. These details are as follows.

    After execution of the SREC Purchase and Sale Agreement (""SREC PSA""), the Owner may request that the EDC approve a modification in the size (kW) of the actual constructed Project (compared to the size provided in the Proposal) of up to 10%. The EDC will approve such a modification provided that the Project continues to satisfy all other requirements related to this Program and that this modification: (a) does not change the segment to which the Project belongs; (b) does not cause the Developer Cap to be exceeded; and (c) does not cause the Project to exceed 2 MW.
     
    The Board noted administrative changes to the Program in its Order dated January 3, 2011 approving the results of the fifth solicitation. The Board stated that these changes would be implemented for the sixth solicitation under the Program. Consequently, Owners of Projects that received an award in the sixth solicitation or later (with results approved on March 31, 2011 or later) may request a modification to the size of the actual constructed Project from the EDC with which it entered in the SREC PSA in accordance with the rules above.


    06/08/2011 in General

  • FAQ-229:
    I would like to receive information as to the size of the projects for the bids that were rejected and/or awarded in the "large segment" solicitation. As this was the first time systems 500kw-2MW were allowed to participate, it is important to know how the inclusion of these systems affected other system size bids.

    Once the Board renders a decision on the results, in accordance with the Stipulation approved by the Board, the Solicitation Manager prepares the following information for public release:

    *       total number and total MW of Projects that submitted Proposals;

    *       total number and total MW of Projects that received awards;

    *       total number and total MW of Projects that were rejected; and

    *       the low and average prices of the accepted Projects.

    When possible this information is provided for each segment, namely for project of 50 kW or below , and for projects larger than 50 kW.  These information releases are available on the Announcement page of our Web site.

    There is no provision at this time for release of information specific to Projects in the 500 kW to 2 MW size range.  However, the Solicitation Manager will communicate your request to the parties for consideration in future solicitations.



    06/08/2011 in General

  • FAQ-224:
    If a customer is located in municipal utility territory that would otherwise by in JCP&L service territory, can the customer participate in the SREC-Based Financing Program as a JCP&L customer?

    One of the requirements of the Program is that the customer must be located in JCP&L's service territory and must be taking service under a JCP&L tariff. Unfortunately, Projects in the territory of a municipal utility cannot participate in the SREC-Based Financing Program.



    06/02/2011 in General

  • FAQ-223:
    Is this the last year of the SREC-Based Financing Program?

    The Program as approved by the Board is a three-year program and at this point is due to terminate after the December 2 solicitation. This is the last bid date for 2011 (the three bid dates for 2011 are June 10, September 2, and December 2).

    The Calendar on our Web site (http://www.njedcsolar.com/calendar.cfm) provides the key dates for the solicitation with Bids due on June 10, 2011. The Solicitation Manager has posted a calendar with tentative dates for the other two solicitations planned for 2011. Expressions of Interest for this upcoming round of bids are due June 6, 2011 while Bids and qualification materials are due June 10.



    06/02/2011 in General

  • FAQ-221:
    What plans are there for future actions with the volatility of the solar SREC market?

    The Board has approved the following three further Bid Dates for 2011: June 10, September 2, and December 2. The Calendar on our Web site (http://www.njedcsolar.com/calendar.cfm) provides the key dates for the solicitation with Bids due on June 10, 2011. The Solicitation Manager has posted a calendar with tentative dates for the other two solicitations planned for 2011. Expressions of Interest for this upcoming round of bids are due June 6, 2011 while Bids and qualification materials are due June 10.

    The Program as approved by the Board is a three-year program and at this point is due to terminate after the December 2 solicitation.



    06/02/2011 in General

  • FAQ-220:
    I would like to sell SRECs that were generated in the first three years of my project's operation for a single payment; can you do this?

    The SREC-Based Financing Program ("Program") is a program by which an Electric Distribution Company ("EDC"), namely ACE, JCP&L, or RECO, contracts to purchase solar Renewable Energy Certificates ("SRECs") from new solar projects. The EDCs do not purchase SRECs from customers who have existing projects that are operating and producing SRECs. A customer who applies to the Program must in fact commit not to interconnect the Project in advance of the Board decision on whether to make an award to the Project under the Program.



    06/02/2011 in General

  • FAQ-217:
    Is there a limit on how much one company can submit offers towards this program?

    For ACE and JCP&L (but not for RECO), there is a limit on the combined awards associated with any one Developer, or any combination of affiliated Developers under the same majority ownership. This limit applies to all solicitations in a given RPS Reporting Year and is set at 20% of the planned quantities for that RPS Reporting Year.



    06/02/2011 in General


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