PPA Price Tracker
Pursue opportunities with confidence.
Track standardized PPAs in ERCOT over time
Understand how specific variables impact PPA pricing
Compare real PPA offers from our marketplace.
Adjust each benchmark by key PPA attributes.
Doron Jacob Szportas
Owner, Sky Community Solar
Use cases
Developers and
Independent Power Producers
Wholesale Originators and
Energy Procurement Professionals
Unbiased Benchmarks
Our pricing model calculates the value of standardized PPAs in ERCOT and compares that value to actual offers for similar PPAs from the RenewaFi marketplace.
Learn More
We audited RenewaFi's PPA valuation model and found it to be sophisticated and thoughtful. The resulting PPA price tracker is an elegant tool that distills large amounts of data and rapidly generates an easy-to-understand, functional, and unbiased view of renewable energy pricing.
FAQ
RenewaFi’s price tracker provides the first, neutral benchmarks of ERCOT PPAs, bringing price transparency to a traditionally opaque marketplace. The tracker includes both high-level benchmarks, called composites, for solar and wind, as well as more detailed benchmarks for specific hubs, technologies, contract durations, and start dates. The price tracker also indicates how actual PPA offers from our marketplace were priced relative to the benchmarks. Based on this comparison, the tracker quantifies the “green premium” implicit in these PPA offers.
The green premium represents the difference between the benchmark price and the average price of similar offers on RenewaFi’s marketplace at any given point. To calculate the average offer price, we filter marketplace data for offers with the same delivery point, COD, technology, and term length. We then calculate a moving average with a 30-day lookback.
Our model uses industry best practices and was developed in consultation with industry experts. The key inputs come from reputable sources like ERCOT and the largest electricity contract brokers in the world. We also make certain of our calculations, like our scalars, available upon request. In addition, the tracker is powered, in part, by actual activity from our marketplace of hundreds of originators. Our marketplace features over 1,000 bids and offers, representing dozens of GW of potential PPAs, and is the only resource that has bid prices from the world’s most reputable offtakers. We ensure the accuracy of our model by testing its outputs against these bids.
We worked with reputable consultants, including Guidepost Energy, to develop and audit the methodology. We also beta tested it with about a dozen of our market participants.
The price tracker updates every day.
