Emerging Markets for Renewable Energy Certificates: Opportunities and Challenges

Holt, E. ; Bird, L.

National Renewable Energy Laboratory (U.S.)

关键词: Product Certification;    32 Energy Conservation, Consumption, And Utilization;    Recs;    Prices;    Renewable Portfolio Standards;   

DOI  :  10.2172/15011466
RP-ID  :  NREL/TP-620-37388
RP-ID  :  AC36-99-GO10337
RP-ID  :  15011466

美国|英语

来源: UNT Digital Library

【 摘 要 】

Renewable energy certificates (RECs) represent the attributes of electricity generated from renewable energy sources. These attributes are unbundled from the physical electricity, and the two products-the attributes embodied in the certificates and the commodity electricity-may be sold or traded separately. RECs are quickly becoming the currency of renewable energy markets because of their flexibility and the fact that they are not subject to the geographic and physical limitations of commodity electricity. RECs are currently used by utilities and marketers to supply renewable energy products to end-use customers as well as to demonstrate compliance with regulatory requirements, such as renewable energy mandates. The purpose of this report is to describe and analyze the emerging market for renewable energy certificates. It describes how RECs are marketed, examines RECs markets including scope and prices, and identifies and describes the key challenges facing the growth and success of RECs markets.