Selling renewable energy credits is a new and interesting market. Here’s some info about selling renewable energy credits and a basic understanding of the marketplace.
Renewable Energy Certificates (RECs) are generally called Green Tags, Renewable Energy Credits, and/or Tradable Renewable Certificates (TRCs). RECs represent the economic and environmental value of electrical power produced from clean, renewable, emission free energy resources that won’t ever be depleted and are safe for the environment of ours. A REC isn’t real electricity, only the right to suggest you have offset the generation of dirty power with clean power.
Producers of natural power should think about selling renewable energy credits also the power itself, which will increase their profits. Some other parties are able to purchase RECs in case they have to satisfy regulatory requirements or improve their corporate appearance. When RECs are sold, the organization buying the RECs obtains the ideal to claim environmental advantage.
Selling renewable energy credits allows power users across the country to allow for alternative energy generation. RECs contribute to the progress of the unlimited power sector, as well as with buyer support will will begin to help make alternative power much more price competitive.
In areas that have a REC dark age defense affiliate program (click the up coming internet site), an alternative energy provider (such as a wind farm) is credited with a single REC for every 1,000 kWh or perhaps a single MWh of electrical power it makes. The average residential customer uses about 800 kWh each month. A certifying organization gives each REC an exclusive identification number to make sure it isn’t sold twice. The green power will then be fed into the electric grid (by law), and the complementary REC may then be marketed on the open market.
Many certification and accounting associations attempt to make sure that RECs are legally sold and in the right way tracked. The Climate Neutral Network, Green e, and the Environmental Resources Trust’s EcoPower Program certify RECs. If you are keen on selling renewable energy credits, begin with the local electric company of yours or even one of these businesses.
There are two key markets for offering renewable energy credits in the United States – compliance markets as well as voluntary markets. A policy known as the Renewable Portfolio Standard (RPS) is responsible for building the compliance markets. Renewable Portfolio Standard requires electric companies to provide a predetermined % of the electricity of theirs from renewable sources by a certain year.
For instance, California electric-powered companies should provide 20 % electrical power from renewable energy sources by 2010. Electric utilities in these spots with RPSs must display compliance with the requirements of theirs by purchasing RECs. In the California sample, the electric powered companies will have to hold RECs equivalent to twenty % of their income.
