Nielsen, Ste hen

   

 

From: Jamie

Sent: Wednesday, November 20, 2013 4:43 PM

To: Public Utilities; Senator Obhof; Senator Widener; Senator Faber;
rep27@ohiohouse.goy

Subject: FW: REC prices in?state and out of state

Attachments: 

All??

Please see the enclosed email per Chairman Seitz?s request.
Best regards,

Jamie 
Senator William J. Seitz
Senate District 8

Phone: (614) 466-8068
Fax: (614) 466-4250

Email: 

From: Lisa Linowes [mailtmlisa@linowes.com]
Sent: Tuesday, November 19, 2013 6:27 PM
To: Senator Seitz

Cc: Julie Johnson; Tom Stacy; Keven Martis
Subject: REC prices in?state and out of state

Dear Senator Seitz:

Thank you again for your continued efforts to bring reasonable energy policy to Ohio. I wanted to share with
you the attached schedule of REC prices across the US. in particular, please look at the market prices for
Ohio's in-state (sited) and out of state (adjacent) RECs.

Big wind is fighting to retain control of the higher REC prices for in-state resources:

Sited 2013 offer: $13.35/mwh (REC)
Adjacent 2013 offer: $11.00/mwh (REC)

ln-state RECs appear to be 17.6% higher than those supplied from adjacent states. When utilities negotiate
PPA prices, we may be privy to the average long-term bundled prices that include energy, RECs and some
capacity. It's impossible to gauge the price assigned to each component, but, at the very minimum, from these
numbers we know the "environmental benefit" is pricier for in-state resources.

The schedule from January 2013 (also attached) shows that RECs were also priced higher. Note that
the prices overall were much lower in January than today. This is likely due to increasing RPS demands in the
PJM control area.

Best,
212

 

--Lisa

lisa linowes

executive director

603-838-6588

windaction.org

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