Clear Energy Brokerage Vice President Ryan Cook also attributed the price increases in PJM compliance RECs, in part, to the strength of the economy this year and warned that a recession could lead to a drop in demand.
“If we have an economic downturn, we’re going to see a reduction in power consumption,” said Cook. “That would mean we’re going to see a reduction in overall demand for compliance RECs.”
Read the full article on OPIS Blog: “RECs Bottlenecks Expected to Keep Markets Tight”
backView the following documents regarding notes on the Midwest REC Markets for Q1-Q2 of 2022.
(PDF) Midwest Market Notes_2022 Q1
(PDF) Midwest Market Notes_2022 Q2
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Clear Energy is pleased to announce that Michael Rizzo has joined the environmental commodities brokerage team. Michael comes to the group with nearly 25 years of experience as a broker of illiquid and complex markets, and is a veteran in building trusted relationships over the long term. Previously, Michael was the Head of Trading and Senior Broker at Clarkeson Research Group, where he built and serviced trade relationships with major primary and regional dealers as well as hedge funds and money managers. He managed a group of five brokers as Desk Head, and was pivotal in driving business for the firm. The team looks forward to his invaluable experience as he picks up the reigns to service our NEPOOL REC and SREC clients.
Michael can be reached at [email protected] or at (516) 665-1788. You can find out more about him at http://clearenergybrokerage.com/team/.
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Illinois: Like Chevy Chase on his sled in the movie “A Christmas Vacation”, prices seem to have shot down the hill at silicon based kitchen lubricant speed and liquidity is hiding in the Christmas tree. Non wind offers abound and buyers don’t have any trouble finding willing sellers. The long-term forecast for this market indicates that we will be here for a while unless legislative issues forces a change. Wind prices trade at a slight premium to Green-e. View PDF
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Illinois: With the legislature out of session, HB2607 seems to have faded away as a concern for this compliance market at present. It is possible this legislation will be reintroduced in the next session. The bill would have increased the RPS and moved REC purchases away from current obligated parties to the IPA. View PDF
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