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Energy News: M-RETS Renewable Energy Certificate


M-RETS DEVELOPS FIRST HOURLY RENEWABLE ENERGY CERTIFICATE RETIREMENT
On March 1st, M-RETS announced that it had completed the first-ever hourly Renewable Energy Certificate (REC) retirement. The hourly REC retirement system ensures that each hour of a user’s operation is matched to actual renewable energy produced at the same time. In the current dominant practice, renewable energy purchasers receive RECs issued monthly and match them to load over one year or longer. In the hourly REC retirement system, by contrast, renewable energy purchasers can match RECs to energy usage over more precise intervals by making use of hourly energy usage data. ....

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