RECs
Renewable Energy Credit
What are RECs?
Renewable Energy Credit, is a market-based instrument that represents the property rights to the environmental, social, and other non-power attributes of renewable electricity generation. RECs are issued when one (1) megawatt-hour (MWh) of electricity is generated and delivered to the electricity grid from a renewable energy source.
UCEP: Your gateway to streamlined sustainability, making green energy goals achievable and financially savvy.
The three scopes of emissions provide a comprehensive framework for understanding greenhouse gas emissions:
- Scope 1: Direct emissions from sources owned or controlled by the organization, such as onsite fuel combustion.
- Scope 2: Indirect emissions from the generation of purchased electricity, heating, or cooling consumed by the organization.
- Scope 3: All other indirect emissions occurring in the organization’s value chain, including procurement, transportation, and product use.
Addressing all three scopes enables businesses to develop holistic strategies to mitigate their carbon footprint and contribute to global sustainability efforts.
A Peek into a World of Accredited Possibilities!
National REC
Renewable energy credits produced from any renewable energy source (wind, solar, hydro, etc.)
Located anywhere in the US and Canada.
Green-e Certified RECs
National REC that meets the qualitative requirement.
Includes technology, vintage, from projects less than 15 year old.
Technology Specific REC
National REC Generated from a specific renewable technology
CT Class 1 Rec
Required for voluntary purchases associated with power supplied to customer meters located in Connecticut.
24/7 Load Matching Project Matching
RECs from a specific renewable project where the hourly quantity of the power associated with the REC’s matches the customers hourly power consumption.
State Specific REC
Renewable energy credits generated in a specific state
Bundled Renewable Power
Power from a renewable generator and the RECs associated with the same power.
RECs are generated concurrent to the power.
EFEC
The environmental attributes from nuclear-fueled generation that does not emit greenhouse gases.