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SREC prices seen trading above $260 in cash market

New Jersey SREC (Solar Renewable Energy Certificate) prices have been trading at $260 and above on deals off of Flett Exchange. We have had some customers report that they have been offered $260 for their SRECs  today by other brokers. This is slightly higher than the prices our customers have been getting for their SRECs. Flett Exchange had 4 deals posted at $255 today, which after commissions nets the sellers $252.50.

 The NJ Treasury Office of Energy Savings offered 80 SRECs for sale last week. Bids were due today at noon. We heard that the SRECs were sold to a buyer willing to pay $261.

These prices are slightly higher than what has been seen during the past 2 weeks.

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