Renewable and Alternative Energy Portfolio Standards

The Massachusetts Renewable and Alternative Energy Portfolio Standards (ENE57) statewide contract provides comprehensive services related to energy credit management and renewable energy resources. The vehicle encompasses five key service categories: Alternative Portfolio Standard (APS), Renewable Portfolio Standard (RPS) resources, Voluntary Energy Credit purchases, Clean Peak Energy Standard Credits, and Repair/Support Services. Eligible entities, including state executive, legislative, and judicial branches, public hospitals, higher education institutions, municipal governments, and independent public authorities, can leverage this contract to procure energy credit management and renewable energy solutions across Massachusetts.

The contract is awarded to Next Grid Markets, LLC and is jointly managed by the Massachusetts Division of Capital Asset Management and Maintenance (DCAMM) and the Operational Services Division (OSD). The initial contract term runs from March 31, 2024, to March 31, 2026, with potential extensions up to March 31, 2032. As a revenue-generating contract, the contractor is compensated by taking a percentage of sales from Renewable Energy Credit Certificates (RECs), Alternative Energy Credit Certificates (AECs), and Clean Peak Energy Credit Certificates (CPECs). The pricing structure varies by service category, with most categories incurring no upfront cost and the contractor receiving 15% of revenue, potentially increasing to 95% for high-volume program participants.