What are Renewable Energy Certificates?
Renewable energy certificates make it easy for households and businesses to choose clean renewable energy. A Renewable Energy Certificate (REC) represents one megawatt hour (MWh) of renewable electricity generated and delivered somewhere on the power grid. Each MWh of clean renewable electricity results in one less MWh of dirty power. Therefore a Renewable Energy Certificate also represents the environmental benefits of replacing dirty power with clean power.
Renewable Energy Certificates (RECs) are an electronic form of currency initiated by the Renewable Energy (Electricity) Act 2000. RECs are created by registered persons, validated by the Office of the Renewable Energy Regulator, traded between registered persons, and eventually surrendered to demonstrate liability compliance against the requirements of the Australian Government’s mandatory renewable energy target. Each REC must have its own unique code. REC must be registered by the Renewable Energy Regulator before they are considered valid. RECs remain valid until surrendered against a liability and have no expiry date. Each REC code is to contain, in order: • the registration number of the person who created the REC; • the accreditation code of the: • power station that generated the electricity; or • solar water heater installation; or • small generation unit installation; • the year in which the electricity generation or installation took place; and • a number, in an unbroken sequ
Renewable Energy Certificates (RECs): • are an electronic form of currency initiated by the Renewable Energy (Electricity) Act 2000; • may be created, on the internet based registry system (known as the REC Registry), by eligible parties for each megawatt-hour of eligible renewable electricity generated or deemed to have generated; • are created by registered persons; • are validated by the Office of the Renewable Energy Regulator; • are registered; • are traded between registered persons; • are eventually surrendered to demonstrate liability compliance against the requirements of the Australian Government’s mandatory renewable energy target or voluntary surrender. More information on Voluntary Surrender; and • may be traded separately from the physical electricity in a REC market. Each REC: • must have its own unique code; • must be registered by the Renewable Energy Regulator before they are considered valid; and • remains valid until surrendered against a liability or until voluntar
A Renewable Energy Certificate (REC) represents one megawatt hour (MWh) of … www.3degreesinc.com/knowledge/rec/ – 11k – Cached – Similar pages3Degrees | Products and Services – Renewable Energy Certificates …Renewable Energy Certificates (RECs) allow any customer, anywhere in the country to support renewable energy generation. For every REC purchased, … www.3degreesinc.com/products/recs/ – 10k – Cached – Similar pages[PDF] The Treatment of Renewable Energy Certificates, Emissions …File Format: PDF/Adobe Acrobat – View as HTML Overall, although the use of renewable energy attributes or certificates is … attributes may be separately traded as renewable energy certificates. … eetd.lbl.gov/ea/EMS/reports/62574.pdf – Similar pages by E Holt – 2007 – Cited by 4 – Related articlesNews results for What are Renewable Energy Certificates?Greens shine light on Government’s solar energy targets – Feb 17, 2009 JULIAN VINCENT: That’s supposed to be about generating renewable electricity
