US renewable energy certificate prices were unchanged for the PJM region in the week ended Oct. 9, with Texas Green-e Eligible Wind RECs increasing.
Platts, part of S&P Global Energy, assessed the Texas Green-e Eligible Wind REC front-half 2026 contract at $1.45/Megawatt-hour, up 2 cents on the day, and the back-half vintage 2026 at $1.53/MWh, a gain of 1 cent. The Texas non-Solar REC 2027 vintage was unchanged, closing at $1.80/MWh.
A Texas-focused trader said, “We’re seeing more market activity and some upward price movement as buyers look to secure Green-e eligible supply for 2026.”
A second trader added, “There’s a bit more interest from both sides of the market, with sellers willing to engage at slightly higher levels.”
In the PJM region, compliance REC prices were steady. The New Jersey REC Class 1 2026 vintage at $27.06/MWh, unchanged from the previous assessment, while the PJM Tri-Qualified REC Tier 1 2026 vintage also held firm at $27.16/MWh.
A PJM-focused source told Platts: “The PJM market remains under structural strain, with aging renewable assets supplying much of the compliance demand while REC prices and alternative compliance payments have not consistently supported new generation.”
The US REC market saw limited price action, with Texas wind RECs inching higher and PJM assessments holding steady amid ongoing market headwinds.