The Illinois Power Agency is conducting two processes to update Renewable Energy Credit (“REC”) prices for the Illinois Shines program (Adjustable Block Program) and the Illinois Solar for All Program. The first process is a refresh of inputs into the current REC pricing model to establish the REC prices for the 2023-2024 program year. The second process is a review of REC pricing approaches for consideration of changes in methodology to be included in the next Long-Term Renewable Resources Procurement Plan (“Long-Term Plan”).
The announcement and proposed REC prices can be found on the IPA’s website.
Comments are due by March 24, 2023, and should be submitted to IPA.ContactUs@illinois.gov.