Solar Lattice

Concept

Renewable energy certificate

ID
concept:renewable-energy-certificate
IRI
https://solarlattice.org/kb/concept/renewable-energy-certificate
Status
active
Also known as
REC, SREC, solar renewable energy certificate, Renewable Energy Credits
Category
Market
Concept kind
market

A renewable energy certificate, or REC, is a certificate that a tracking system creates. It stands for the environmental attributes of one megawatt hour of electricity made from a renewable source such as solar or wind. New York's tracking system, NYGATS, is one example of a system that issues these certificates. RECs back up claims about using renewable energy. Those claims can be for a state-mandated compliance program or for voluntary goals such as a climate pledge. Because RECs can be both traded and traced, they let the holder claim the benefits of renewable generation. Not every project can earn every type of REC. In New York, only eligible large-scale renewable facilities can generate Tier 1 RECs, and distributed energy resource projects are paid for their environmental attributes through a separate value stack component.

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Claims

related_to

c1 drafted · lead Eversource CT REC metering procedures proposed

Utility metering procedures written specifically for PA 11-80 renewable energy credits.

review note: support check: partial - The passage gives only the title of the MPREC document for PA 11-80 RECs; it does not name Eversource or CT, or say it is a utility procedure.

c2 drafted · lead Distributed energy resource

Scope: regions New York proposed

In New York, DER projects do not earn Tier 1 RECs. They are paid for environmental attributes through the E component of the VDER value stack.

Data