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/ Price Assessments

Platts American Energy Certificates (US RECs)

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Energy Transition Price Assessments

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What are Platts American Energy Certificates (US RECs)?
Platts American Energy Certificates (US RECs) assessment by S&P Global Commodity Insights is the weekly price for the REC certificates, issued from electricity generated, and delivered to the electric grid, from a renewable energy resource. As others EACs, a REC sells separately from the actual electricity. The REC owner retains exclusive rights to claim "using" or "being powered by" the renewable electricity associated with that REC.
American Energy Certificates commentary

The US Renewable Certificate Market in Pennsylvania saw mixed movements in the week ended May 2, with Texas and M-RETs markets bullish and the Massachusetts and North American Renewables Registry bearish.

Pennsylvania AEC Tier 1 V24 prices closed at $34.50/MWh, $2.21 higher on the week. Its solar contracts saw mixed movements, with PA SAEC V25 closing $3 higher at $38/MWh and PA SAEC V24 closing $4.50 lower on the week at $30/MWh due to trade activity.

Texas non-solar compliance REC V25 closed at $3.19/MWh, up 20 cents on the week. All other contracts were stable.

M-RETS Compliance RECs from CRS Listed Facilities V24 FH rose 13 cents to $2.28/MWh. M-RETS Compliance REC from CRS Listed Facilities V24 BH increased 2 cents to $2.53/MWh.

MA contracts remained flat in the week, except for MA SREC 2 V23, which fell $14.28 to $241.23/MWh, and Massachusetts AEC V23, which fell $1 to $5/MWh.

In NAR, the NAR Green-e Eligible Wind REC V24 contract saw a major price decrease, closing at $2.40/MWh, 20 cents lower on the week.

Meanwhile, Virginia contracts rolled their dates, with the current-year vintage moving to 2024. Non-solar contracts rose 2% in the week, while solar prices remained flat.

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