Renewable Energy Certificates
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Renewable Energy Certificates (REC), or Green Tags, Green Certificates or Tradable Renewable Certificates represent the environmental attributes of the power produced from renewable energy projects and are sold separate from commodity electricity.[1]
Customers can buy the certificates whether or not they have access to green power through their local utility or a competitive electricity marketer, and they can purchase the certificates without having to switch electricity suppliers.
For every REC purchased, one megawatt-hour (MWh, or 1000 kilowatt-hours) of renewable electricity is generated and delivered to the power grid.[2]
Some renewable energy sources that can generate RECs are:
- Solar hot water
- Photovoltaics (grid connect)
- Photovoltaics (stand-alone power supply systems)
- Wind
- Hydro
Contents |
REC Marketers
According to the U.S. Department of Energy, REC Marketers include:
Certificate Brokers:
- Amerex Brokers
- Cantor Fitzgerald Environmental Brokerage
- Chicago Climate Exchange
- Element Markets
- Emission Credit Brokers
- Evolution Markets
- GFI Group
- GT Energy
- Natsource
- TFS Energy
Active Retail Marketers:
- 3Degrees
- 3 Phases Renewables
- Bonneville Environmental Foundation
- Carbon Solutions Group
- Choose Renewables
- Clean and Green
- Community Energy Inc.
- Conservation Services Group
- Green Mountain Energy Company
- Maine Interfaith Power & Light
- Massachusetts Energy Consumers Alliance (Mass Energy)
- NativeEnergy
- Pacific Gas and Electric Company
- Premier Energy Marketing
- Renewable Choice Energy
- Renewable Ventures
- SKY Energy, Inc.
- Sterling Planet, Inc.
- Waverly Light and Power
- WindCurrent
- WindStreet Energy
Active Commercial &/or Wholesale Marketers:
- 3Degrees
- 3 Phases Renewables
- Amerex Brokers
- Aquila
- Basin Electric Power Cooperative
- Bonneville Environmental Foundation
- Bonneville Power Administration (BPA)
- BP Energy Company
- Calpine Corporation
- Carbon Solutions Group
- Centennial Energy Resources
- Clean and Green
- Clean Currents
- Clear Sky Power
- ComEd
- Community Energy Inc.
- Conservation Services Group
- Constellation NewEnergy
- Element Markets
- Empire District Electric Company
- Endless Energy Corporation
- Exelon Power Team
- FirstEnergy Solutions Corporation
- FPL Energy
- Green Mountain Energy Company
- Hess Energy
- Juice Energy
- Liberty Power
- Maine Interfaith Power & Light
- Mainstay Energy
- Massachusetts Energy Consumers Alliance (Mass Energy)
- MidAmerican Energy
- MotivEarth
- NativeEnergy
- Neuwing Energy Ventures
- Old Mill Power Company
- Pacific Renewables
- Peoples Energy Services
- PowerLight
- PPL Corporation
- PPM Energy
- Premier Energy Marketing
- Premier Power Solutions
- QVINTA, Inc.
- Reliant Energy
- Renewable Choice Energy
- Renewable Ventures
- Select Energy
- Sempra Energy Solutions
- Shell Trading
- SKY Energy, Inc.
- Spartan Renewable Energy
- Sterling Planet, Inc.
- Strategic Energy
- SUEZ Energy Resources NA
- SunEdison
- Sun Farm Ventures, Inc.
- TFS Energy
- Tradition Energy
- TXU Energy
- Unicoi Energy Services
- Viking Wind Partners, LLC
- Vision Quest
- Waverly Light and Power
- Western Area Power Administration
- WindCurrent
- WindStreet Energy
Inactive Firms:
- Big Green Energy
- Burlington Electric Department
- Connecticut Energy Cooperative
- EAD Environmental (Natsource)
- Los Angeles Department of Water and Power
- National Energy and Gas Transmission
- Navitas Energy
Consumer Protection/REC Tracking Systems:
- APX, Inc.
- Clean Power Markets, Inc.
- Environmental Resources Trust
- Federal Trade Commission
- Green-e TRC Certification
- Michigan Independent Power Producers Association
- PJM Interconnection
- Western Renewable Energy Generation Information System
Exchange Trade of RECs
Nord Pool ASA is the world’s first international commodity exchange for electricity, green certificates and European Union Allowances (EUAs).[4]
The Green Exchange - a venture among market players including NYMEX, Evolution Markets, Morgan Stanley and Merrill Lynch - offers environmental-related contracts including contracts for national Green-e[5]certified voluntary Renewable Energy Certificates.[6]
Association of REC Market Players
The association RECS International is a non-profit European organization registered in Brussels. Its members are renewable energy producers, traders, suppliers and brokers in mostly Europe (also in South Africa, US and Canada) who either wish to have a RECS account at their national issuing body and/or wish to influence policy on governmental and system level concerning certificate trading. RECS International acts as the representative of market players towards national and European governmental authorities and facilitates all possible events and activities that enhance the RECS mission statement.[7]
References
- ↑ Green Power Markets: Renewable Energy Certificates. U.S. Department of Energy. Retrieved on Apr. 8, 2008.
- ↑ Renewable Energy Certificates (RECs). 3 Degrees. Retrieved on Apr. 8, 2008.
- ↑ Renewable Energy Certificates. Queensland Government. Retrieved on Apr. 8, 2008.
- ↑ Press Release. Nord Pool. Retrieved on Apr. 8, 2008.
- ↑ Welcome To Green-e. Green-e. Retrieved on Apr. 8, 2008.
- ↑ Green Power Network: News. U.S. Department of Energy. Retrieved on Apr. 8, 2008.
- ↑ Renewable Energy Certificate System: the RECS International Assocation. RECS. Retrieved on Apr. 8, 2008.
