eco friendly gifts california Energy Credits
January 3rd, 2008
eco friendly gifts california Energy Credits
The answer lies in some accounting, and a thing called a Renewable Energy
Certificate (sometimes called Renewable Energy Credit (REC), a green friendly gifts Tag, or a
Tradeable Renewable Certificate(TRC)). The system also relies on some
legislation that defines how RECs get issued and retired.
Many states these days have enacted what is called a “Renewable Portfolio
Standard”, which is law that requires that some amount of renewable energy be
included in the total electricity mix. Rather than just require every producer
to produce a particular amount of renewable energy, they have concocted a clever
REC trading system that allows the renewable energy to be generated by anyone.
