Maryland Market Details

Market Details

The MD SREC Market is an open market where prices are determined by market forces. Key factors include the Alternative Compliance Penalty along with supply and demand based on the Renewable Portfolio Standard (RPS).

ACP and Market Trend

The Alternative Compliance Penalty (ACP) is set by the RPS and can be viewed as a soft benchmark for what the REC will be valued at. The ACP is a fee imposed on utilities and mandated purchasers for shortfalls in REC procurement.

Maryland’s SREC market is seeing a trend of a stable and downward decline. Their current SREC pricing is set around $57 per RECs that, are not expired and is set to decline as the ACP drops. Maryland’s market is considered established. However, with supply and demand, we can see adjustments in pricing in this undersupplied market.

Retroactivity and  Eligibility Start Date

Facilities on the estimate will earn credit beginning with the first full month following application submission to the Maryland Public Service Commission.

REC Shelf Life

MD SRECs have a shelf life of 3 years.

Example: A SREC generated in 2022 can be counted towards the 2022, 2023, or 2024 compliance periods.

SREC Crash Course: The Basics

Frequently Asked Questions

Payment Options