Before revision:  In this work, we formulate a stochastic control problem for generating and trading in SREC markets for a regulated firm's perspective accounting for generation and trading costs, and the impact both have on prices. We provide a characterisation of the optimal strategy using the stochastic maximum principle and develop a numerical algorithm to solve this control problem , Based on this numerical solution, we provide detail and intuition for the optimal strategy for a regulated firm .
After revision:  In this work, we formulate a stochastic control problem for generating and trading in SREC markets for a regulated firm's perspective accounting for generation and trading costs, and the impact both have on SREC prices, provide a characterization of the optimal strategy using the stochastic maximum principle and develop a numerical algorithm to solve this control problem , Based on this numerical solution, we provide detail and intuition for the optimal strategy for a regulated firm .