All Services Request Trial Natural Gas Intelligence Homepage Natural Gas Industry Terms Glossary What are Renewable Energy Credits (REC)? Resource Credits/certificates that represent the energy generated by renewable energy sources such as solar, wind, or hydroelectric power generation. ...
A REC is produced when a renewable energy source generates one megawatt-hour (MWh) of electricity and delivers it to the grid. For example, if a wind power facility produces 5 MWh of electricity, they have five credits to keep or sell. If you or your business buys those credits, you ar...
with the Renewable Energy Credits program, the company is offered one credit for a set amount of energy produced, typically 1,000 kilowatt hours. The credit is given a distinct number so that it can be tracked, the power is fed into the grid, and the company offers the credit for sale....
RECs prove that a utility has either produced renewable electricity or paid someone else who is producing renewable electricity for the right to “count” that electricity as part of the utility's own energy generation activities. An SREC is simply the solar-specific version of a REC. SRECs an...
The Fuel Tax Credit is different from aRenewable Energy Certificate (REC), which acts as a tracking measure for those who return green energy to the grid. Key Takeaways The Fuel Tax Credit allows businesses to reduce their taxable income dollar for dollar based on using specific types of fuel...
A gigawatt is how we measure the scale of our renewable energy projects. 1 gigawatt (GW) = 1,000 megawatts = 1 billion watts. For example, 1GW of offshore wind power each year in the US provides enough electricity to make 150 billion cups of coffee. ...
RECRenewable Energy Credit RECRural Electrification Corporation(India) RECRyukoku Extension Center(Ryukoku University; Kyoto, Japan) RECReligious Education Committee(various organizations) RECReal Estate Club(various organizations) RECReach Every Child(education) ...
Renewable energy certificate improve commercial viability of RE electricity A REC from a solar park, for example, may be more expensive than one from a wind farm due to the greater supply of wind RECs on the market. Has the credit crisis affected the voluntary renewable energy market? Recs wo...
Net metering is a billing system that allows balcony power plant owners to receive credit for the surplus energy that they feed back into the grid. This credit can be used to offset electricity taken from the grid during periods of inadequate solar production, like at night or on...
Today, this view is widely seen as outdated. For the last 15 years, much more emphasis has been placed on the provision of ecosystem services, and assessing ecosystem services might be a suitable interdisciplinary approach to validate the success of measures related to the ongoing structural ...