2017 Managed Growth Capacity Block

The 2017 Managed Growth Capacity Block has been set at zero megawatts. DOER has released the following analysis relating to its calculation of the 2017 Managed Growth Capacity Block.

2017 Managed Growth Calculation Guideline xlsx format of 2017 Managed Growth Calculation Guideline

2016 Managed Growth Calculation Guideline xlsx format of 2016 Managed Growth Calculation Guideline

Qualified Projects

DOER has granted Statements of Qualification to the following Generation Units: Solar Carve-Out II Qualified Units xlsx format of Solar Carve-Out II Qualified Units
file size 6MB

Managed Growth Capacity Block Allocations

The following is a list of projects that have received an Assurance of Qualification and have been allocated a position under the 2014 or 2015 Managed Growth Annual Capacity Blocks. Projects on the Waiting List are also listed.

Managed Growth Capacity Block Allocations xlsx format of Managed Growth Capacity Block Allocations

Minimum Standard for Compliance Year 2017

DOER has calculated the Compliance Obligation and Minimum Standard for 2017, which are 1,374,406 MWh and 2.8628%, respectively. The details of how this preliminary Minimum Standard was calculated can be found in the following Guideline:

CY 2017 Calculation of Minimum Standard Guideline  xlsx format of CY 2017 Calculation of Minimum Standard Guideline

Pursuant to 225 CMR 14.07(3)(a)1, all Retail Electricity Suppliers are exempt from incremental obligations resulting from the provisions contained in the RPS Class I Emergency Regulation filed on April 8, 2016, which expanded the Solar Carve-out II (SREC II) Program Capacity Cap. As such, it is necessary for DOER to establish a baseline Compliance Obligation and Minimum Standard for load under contracts signed on or before May 7, 2016, that would have applied had the Emergency Regulation not been filed.

To determine this baseline Minimum Standard, DOER first determined the amount of capacity that it expects would have been in operation had the SREC II Program Capacity Cap not been expanded. This amount is estimated to be the equivalent of approximately 825 MW.

Having determined this value, DOER analyzed the percentage shares of MW currently qualified under each of the four SREC II Market Sectors, and multiplied each of these percentages by 825 MW. Next, DOER multiplied these totals by the corresponding SREC Factors, a 13.51% expected capacity factor, and 8,760 hrs/year and determined the expected MWh/year for 2017 that would have resulted had the SREC II Program Capacity Cap not been expanded. Lastly, DOER added the auction volume and banked SREC II volume from the 2015 Compliance Filings. This yielded a total baseline Compliance Obligation of 969,635 MWh and a Minimum Standard of 2.0197%:

Market Sector% Share of Qualified CapacityMW at Original SREC II CapSREC FactorCapacity FactorHrs/YearExpected MWh
Market Sector A54.58%4501.013.51%8,760532,865
Market Sector B20.20%1670.913.51%8,760177,533
Market Sector C17.22%1420.813.51%8,760134,507
Managed Growth8.00%660.713.51%8,76054,677
     Total Generation899,582
     Auction Volume67,046
     Banked Volume3,007
     Total Obligation969,635

 

Prior Minimum Standard Calculations

CY 2016 Calculation of Minimum Standard Guideline  xlsx format of CY 2016 Calculation of Minimum Standard Guideline

Calculation of Solar PV Capacity Factor

As required by regulation, DOER has completed its analysis of the average solar PV capacity factor for projects participating in the Solar Carve-Out. Using six years of production data from January 2010 through December 2015, DOER determined that the average capacity factor of systems operating during this period was 13.51%. This new capacity factor was used to help project the number of SRECs that will be generated in 2017 as part of the DOER’s Determination of CY2017 Total Compliance Obligation. The details of how this calculation was made can be found in the Determination of Average Solar PV Capacity Factor  xlsx format of Determination of Average Solar PV Capacity Factor
file size 5MB

Minimum Standard

Each Retail Electricity Supplier, both regulated utilities and competitive suppliers, must demonstrate to DOER in an Annual Compliance Filing that it complied with the RPS Minimum Standard for the prior calendar year (Compliance Year). The Minimum Standard for the Class I Solar Carve-Out II is the percentage of a Supplier's total retail load obligation that must be met by the ownership of Solar Carve-Out II Renewable Energy Certificates (SREC IIs) issued by the NEPOOL GIS, with each SREC II signifying one MWh of electrical energy from a Generation Unit that has been qualified by DOER under the Solar Carve-Out II Program.

The Solar Carve-Out II Minimum Standard is part of, not in addition to, the RPS Class I Minimum Standard. The Minimum Standard for the RPS Class I Solar Carve-Out II of each year is calculated and announced in accordance with the provisions of the RPS Class I Regulation in 225 CMR 14.07(2).

Calculation of the RPS Class I Solar Carve-Out II Minimum Standard

Compliance Year

Compliance Obligation

2 years prior

Total Retail Load Obligation

Solar Carve-Out II Minimum Standard

 

MWh

 

MWh

Percentage

2014

41,279

2012

48,992,429

0.0843%

2015

161,958

2013

49,252,581

0.3288%

2016

377,877

2014

48,192,291

0.7851%

20171,374,406201548,009,7212.8628%

Alternative Compliance Payment Rates

Retail Electricity Suppliers with annual Compliance Obligations must pay Alternative Compliance Payments (ACPs) for every MWh they are short of meeting their annual obligation. The schedule below details the ACP Rate in effect under the Solar Carve-Out II Program for every Compliance Year through 2025.

Forward Solar Carve-Out II ACP Rate Schedule

Compliance Year

ACP Rate per MWh

2014

$375

2015

$375

2016

$350

2017

$350

2018

$350

2019

$333

2020

$316

2021

$300

2022

$285

2023

$271

2024

$257

2025

$244

2026

$232

2027 and after

added no later than January 31, 2017

Solar Credit Clearinghouse Auction Account II Pricing Schedule

The Solar Credit Clearinghouse Auction Account II has a fixed price. Bids are for the volume of Re-minted Auction Account II Attributes that bidders are willing to buy for this fixed price. The schedule for future auction prices is as follows:

Forward Solar Carve-Out II Auction Price Schedule

Compliance Year

Auction Bid Price

Minus 5% Auction Fee

2014

$300

$285.00

2015

$300

$285.00

2016

$300

$285.00

2017

$285

$270.75

2018

$271

$257.45

2019

$257

$244.15

2020

$244

$231.80

2021

$232

$220.40

2022

$221

$209.95

2023

$210

$199.50

2024

$199

$189.05

2025

$189

$179.55

2026

$180

$171.00

2027 and after

added no later than January 31, 2017