Main TitleEmerging Markets for Renewable Energy Certificates: Opportunities and Challenges
PublisherNational Renewable Energy Laboratory (NREL)
Date Created2005-01-01
Subject (Geographic - Hierarchical) Country: Pennsylvania State: New York County: New Jersey
Subject (Topical)economics; environmental technologies; industry; energy; energy efficiency; green power; renewable energy; product certification; renewable energy certificates; REC; renewable portfolio standards; RPS
DescriptionThe purpose of this report is to describe and analyze the emerging market for renewable energy certificates (RECs). 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. RECs represent the attributes of electricity generated from renewable energy sources and 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.
NoteProject number: NREL/TP-620-37388
NoteThis work was funded by the U.S. Department of Energy (DOE), Office of Energy Efficiency and Renewable Energy (EERE).
RightsThis object has been provided by Rutgers University Libraries after a copyright, permissions, and usage rights evaluation. You may make use of the information under a Creative Commons Attribution-NonCommercial 2.5 license (see creativecommons.org/licenses/by-nc/2.5/). If undeclared, you may need to contact the rights holder for permission for further use.
