In 2011, the Delaware legislature amended the solar portion of the state Renewable Portfolio Standard (RPS) to switch the burden of acquiring SRECs away from the state power providers to the electric distribution companies. This amendment drastically reduced the number of buyer-participants, effectively making Delmarva Power, the largest electric distribution utility in Delaware, the de-facto long-term buyer for the majority of the DE SREC requirement. In response, Delmarva Power proposed the implementation of an SREC procurement program, called SRECDelaware, which provides 20-year contracts to SREC sellers on a competitive basis. A pilot version of the program was conducted in the spring of 2012, and a revised solicitation was conducted in the spring of 2013. Delmarva plans to host at least one solicitation each spring in order to fulfill its long-term SREC needs. More information about the Procurement can be found on the SRECDelaware site.
Markets for VA Systems: DE and PA Tier-1
Tracking Registry: GATS
Energy Year: June – May
Eligible System Locations: DE