MTC Auctions Biomass RECs

Evolution Markets Inc. will conduct a forward auction of Renewable Energy Certificates (RECs) on behalf of the Massachusetts Technology Collaborative (MTC). The auction slated for January 10th, 2007 is the first forward REC auction by the MTC.

The MTC plans to offer 24,000 Massachusetts “New” Renewable Certificates expected to be generated in 2007 and delivered on a unit-contingent basis. The certificates will be sourced from the Public Service Co. of New Hampshire Schiller Station Northern Wood Power Project (NWPP), which has been approved by the Massachusetts Division of Energy Resources as an eligible source under the Massachusetts Renewable Portfolio Standard. Schiller NWPP is a 50-megawatt (MW) facility, which was recently converted to generate electricity from biomass rather than coal. The MTC RECs will be offered in nine lots; five of 4,000 RECs each and four of 1,000 RECs each. Bidding closes at 2:00 p.m. ET on January 10. Contact Andrew Kolchins at akolchins@evomarkets.com
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