In May, the Automated Power Exchange (APX) launched its "green ticket" program, which allows power suppliers to purchase the "green attributes" of power separately from the electricity commodity. Since introducing the green tickets, APX claims that it has facilitated the trade of more than 175,000 megawatt-hours (MWh) of renewable power.
The price of the green tickets represents the wholesale premium that competitive electricity suppliers are willing to pay for green power. Since the program was launched, the monthly average premium has steadily increased from $3.72/MWh to $4.96/MWh.
On October 1st, APX began accepting green ticket trades for the year 2000 market, meaning that power suppliers can now purchase green tickets to meet next year's estimated demand for green power. The forward market allows both suppliers and buyers to lock-in the green premium anywhere from 3 to 15 months in advance.
Although the green ticket trading system is currently limited to the California market, APX has announced plans to open green power exchanges in New York and Illinois.
News Release - Automated Power Exchange Announces Prices for APX Green Tickets in First Five Months of Trading
APX Contact: Lynn Fisher (408) 517-2134