Massachusetts, Pennsylvania and National Green-e Certified prices were bearish in the week through April 25, with Texas and NAR seeing mixed movements.
Massachusetts AEC V2023 experienced the most significant decrease for this week's assessment, sliding 14%, or a $1/MWh price drop to $6/MWh. Pennsylvania AEC Tier 1 V2024 saw a 10% fall, scaling down from $36 last week to $32.29 this week, a $3.71/MWh decrease.
Both National Voluntary Green-e Certified REC Wind and Any technology V2024 declined 7%, with price drops of 20 cents/MWh each.
Texas non-solar compliance REC V2023, V2023 FH and V2024 BH contracts saw growth of 3%, 3% and 6%. Nonetheless, Texas non-solar compliance REC contracts V2023 BH, V2024, V2024 FH and V2025 experienced an average drop of 5%, with price drops ranging from 4 cents/MWh to 31 cents/MWh. Regardless of vintage, Texas Green-e Eligible Wind generally declined, with the V2024 contract dropping 12%, equivalent to a reduction of 34 cents/MWh.
Though NAR Green-e Eligible Wind REC V2024 and NAR Any REC V2023 increased 6% and 1%. respectively, the rest of Any REC, Any Green-e eligible and Green-e eligible Wind declined an average of 4%. NAR SREC CRS Listed V2024 FH saw the biggest drop, falling 9% from $2.75/MWh to $2.50/MWh.
Platts is part of S&P Global Commodity Insights.