Solar Renewable Energy Credits

It also includes separate five-year distributed generation (DG) REC procurements of 7,767 DG RECs for Ameren,16,294 DG RECs for ComEd, 2,204 DG RECs for MidAmerican. See the IPA website and Docket 15-0541 for more information on procurement plans.On September 15, 2021 Governor Pritzker signed the Climate and Equitable Jobs Act (Public Act 102-0662) (CEJA). This Act included significant changes to the Adjustable Block/Illinois Shines program, including the reopening of the program within 90 days (December 14, 2021). The IPA and the Program Administrator are providing updates on these programmatic changes and the process of reopening the program as they develop.As outlined in CEJA, ABP applications up to and including 25 kW are now considered to be in the Small DG category. As a result, waitlisted applications larger than 10 kW and less than or equal to 25kW on the Large DG waitlist (approximately 11 MW in aggregate) have been reclassified as Small DG prior to the 12/14/21 portal reopening.The IPA website is regularly updated with new information about the ABP. We encourage you to click here for the latest news.After the passage of CEJA, the IPA has released a new guidebook for the Adjustable Block Program. The full guidebook can be accessed here. For current REC prices, see page 14 copied below.The IPA plans and administers the competitive procurement processes that result in bilateral agreements between the utilities and wholesale electric suppliers. The procurement plans must include procurement of cost-effective renewable energy resources per the Illinois Renewable Portfolio Standard (RPS). The RPS includes a solar requirement to be met with solar renewable energy credits (SRECs) with benchmarks beginning in Energy Year (EY) June 2012-May 2013 ("EY 2013"). Each SREC represents the environmental attributes associated with 1 megawatt-hour of energy produced from solar energy. Selected suppliers are required to use either the PJM-EIS-GATS, M-RETS, or NARR tracking system.Special Procurement of SRECsIn June 2014, Illinois enacted H.B. 2427, which released $30 million in the Renewable Energy Resources Fund to the Illinois Power Agency for the purchase of photovoltaic (PV) power through a supplemental procurement process. Of the released funds, half are set aside for PV systems less than 25 kilowatts in nameplate capacity, such as residential rooftop systems. The IPA’s initial supplemental procurement of solar PV was held in June 2015 with two additional SPV procurements planned for November 2015 and March 2016.