Renewable Energy Certificate - REC

A certificate that is proof that one megawatt-hour (MWh) of electricity was generated from a renewable energy resource. Once the electricity provider has fed the electricity into the grid, the Renewable Energy Certificate (REC) they received can then be sold on the open market as a commodity. Because of the additional cost for producing "green" energy, the RECs provide an additional income stream to the energy provider, thus making it a bit more attractive to produce.

Also known as Green Tags, Tradable Renewable Certificates (TRCs), and Renewable Energy Credits.

There is no national registry of RECs, however the multiple issuing firms work together to ensure continuity of requirements. As of 2008, the "green" technologies for producing electricity are:

  • Solar
  • Geothermal
  • No Dam Hydro
  • Wind
  • Bio Fuels (Mass and Diesel)
  • Hydrogen Fuel Cell

Investment dictionary. . 2012.

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