Announcements


DG-169: Can you please provide an example of the calculation of the payments to the supplier under the applicable supplier contracts, the amount of the Letter of Credit, and the amount paid by the supplier for the Supplier Fees? Please assume, strictly for purposes of this example: (i) a 250 kW solar system producing 372 RECs each and every year; and (ii) a bid price of $200.

The payment for the RECs under contract would be 372 RECs/year * $200/REC * 5 years = $372,000. The amount of the Letter of Credit would be 372 RECs/ year * $4/REC * 5 years = $7,440.  The amount of the Supplier Fees would be 372 RECs/year * $7/REC * 5 years = $13,020.