Announcements
October 29, 2026: ANNOUNCEMENT: Ranges of Available SRECs and Class I RECs; Qualification Forms due December 2
Atlantic City Electric Company (“ACE”), Jersey Central Power & Light Company (“JCP&L”), and Public Service Electric and Gas Company (“PSE&G”) will be holding an auction on Thursday, December 10, 2026 to sell Solar Renewable Energy Certificates (“SRECs”) and to sell Class I Renewable Energy Certificates (“Class I RECs”). Qualification forms are due by 12 PM (noon) EPT on Wednesday, December 2, 2026.
Product Offering:
- SREC Product
PSE&G, JCP&L, and ACE will be the sellers of SRECs in the Auction. There will be a single vintage of SRECs available in this December 2026 Auction, namely 2027 SRECs. The EDCs estimate that there will be between 25,000 and 33,000 2027 SRECs available at the Auction. The 2027 SRECs were created in GATS as generation between June 1, 2026 and November 30, 2026.
- Class I REC Product
PSE&G will be the seller of Class I RECs in the Auction. There will be a single vintage of Class I RECs available in this December 2026 Auction, namely 2027 Class I RECs. PSE&G estimates that there will be between 17,000 and 23,000 2027 Class I RECs available at the Auction. The 2027 Class I RECs were created in GATS as generation between June 1, 2026 and November 30, 2026.
Bid assurance collateral is not required for this auction. Interested parties must qualify by submitting the online qualification form: https://njsrec-application.com/. The Auction Manager will send returning bidders a reminder of their login information. New bidders must request an account to access the online qualification form by completing the Qualification Registration Form.
To become eligible to bid on the Class I REC Product available in the upcoming Auction, the Representative of the bidder must make additional certifications (f) through (h) within the Representation Form. Additionally, a bidder must submit the signature page of the Master Class I REC Agreement signed by an officer of the bidder or other individual empowered to bind the bidder. If a bidder has provided the signature page of the Master Class I REC Agreement in a previous Auction, and if said bidder’s signatory to the Master Class I REC Agreement remains valid, the bidder is not required to submit the signature page of the Master Class I REC Agreement again. If a bidder does not satisfactorily submit the signature page of the Master Class I REC Agreement or complete all certifications (f) through (h) of the Representation Form, such bidder will not be eligible to bid on the Class I REC Product available in the Auction and its initial eligibility for the Class I REC Product in the Auction will be equal to zero.
The REC Auction Manual, the Master Solar Renewable Energy Certificates Agreement, the Master Class I Renewable Energy Certificates Agreement, and the Addendum to the REC Auction Manual have been posted to the website. Please visit the Documents page to access these documents.