2016 Managed Growth Capacity Block

The 2016 Managed Growth Capacity Block has been set at twenty (20) megawatts. DOER has released the following analysis relating to its calculation of the 2016 Managed Growth Capacity Block.

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

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 2014

DOER has established Compliance Obligations for 2014 and 2015 of 41,279 MWh and 161,958 MWh, respectively. The 2014 Compliance Obligation results in a Minimum Standard of 0.0843% for Compliance Year 2014. The 2015 Minimum Standard is 0.3288%.

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%

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 2024.

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 and after

added no later than January 31, 2015

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

2015

$300

$285

2016

$300

$285

2017

$285

$271

2018

$271

$257

2019

$257

$244

2020

$244

$232

2021

$232

$221

2022

$221

$210

2023

$210

$199

2024

$199

$189

2025 and after

added no later than January 31, 2015

For more information on the auction, please visit the following page .