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Title: Emerging Markets for Renewable Energy Certificates: Opportunities and Challenges

Abstract

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.

Authors:
;
Publication Date:
Research Org.:
National Renewable Energy Lab., Golden, CO (US)
Sponsoring Org.:
US Department of Energy (US)
OSTI Identifier:
15011466
Report Number(s):
NREL/TP-620-37388
TRN: US200507%%239
DOE Contract Number:  
AC36-99-GO10337
Resource Type:
Technical Report
Resource Relation:
Other Information: PBD: 1 Jan 2005; Related Information: Update to original posted version 3/7/05.
Country of Publication:
United States
Language:
English
Subject:
29 ENERGY PLANNING, POLICY AND ECONOMY; 32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATION; AVAILABILITY; COMPLIANCE; ELECTRICITY; FLEXIBILITY; MARKET; MARKETERS; PRICES; RENEWABLE ENERGY SOURCES; GREEN POWER; RENEWABLE ENERGY CERTIFICATES; RECS; PRODUCT CERTIFICATION; REC MARKETS; RENEWABLE PORTFOLIO STANDARDS; RPS; REC TRACKING SYSTEMS; NET METERING; EMISSIONS MARKETS; LORI BIRD; ED HOLT; ENERGY ANALYSIS

Citation Formats

Holt, E, and Bird, L. Emerging Markets for Renewable Energy Certificates: Opportunities and Challenges. United States: N. p., 2005. Web. doi:10.2172/15011466.
Holt, E, & Bird, L. Emerging Markets for Renewable Energy Certificates: Opportunities and Challenges. United States. https://doi.org/10.2172/15011466
Holt, E, and Bird, L. 2005. "Emerging Markets for Renewable Energy Certificates: Opportunities and Challenges". United States. https://doi.org/10.2172/15011466. https://www.osti.gov/servlets/purl/15011466.
@article{osti_15011466,
title = {Emerging Markets for Renewable Energy Certificates: Opportunities and Challenges},
author = {Holt, E and Bird, L},
abstractNote = {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.},
doi = {10.2172/15011466},
url = {https://www.osti.gov/biblio/15011466}, journal = {},
number = ,
volume = ,
place = {United States},
year = {2005},
month = {1}
}