Renewable Energy Certificate
From Open Risk Manual
Definition
Renewable Energy Certificate (REC) is a type of Energy Attribute Certificate, used in the U.S. and Australia.
In the U.S., a REC is defined as representing the property rights to the generation, environmental, social, and other non-power attributes of renewable electricity generation. RECs are issued when one megawatt-hour (MWh) of electricity is generated and delivered to the electricity grid from a renewable energy resource.
REC Data Attributes
A non-exhaustive list of certificate attributes:
- Certificate data
- Certificate type
- Tracking system ID
- Renewable fuel type
- Renewable facility location
- Nameplate capacity of project
- Project name
- Project vintage (build date)
- Certificate (generation) vintage
- Certificate unique identification number
- Utility to which project is interconnected
- Eligibility for certification or renewable portfolio standard (RPS)
- Emissions rate of the renewable resource
References
- GHG Protocol Scope 2 Guidance (2015)
