What is Renewable Energy Certificate (REC)?

REC System 

A Renewable Energy Certificate (REC) is a tradable certificate that represents the environmental attributes of 1 megawatt-hour (MWh) of electricity generated from a renewable energy source. RECs are used to track the environmental benefits of renewable energy generation and to help meet renewable energy quotas.

Here are some of the key features of RECs:

* They are issued for each megawatt-hour (MWh) of electricity generated from a renewable energy source.

* They can be traded on a market, just like any other commodity.

* They can be used to meet renewable energy quotas.

* They help to track the environmental benefits of renewable energy generation.

RECs are a valuable tool for promoting renewable energy and meeting renewable energy quotas. They help to ensure that the environmental benefits of renewable energy generation are not lost when the electricity is sold on the grid.

Here are some of the benefits of RECs:

* They help to increase the demand for renewable energy.

* They help to ensure that renewable energy is used to meet renewable energy quotas.

* They help to track the environmental benefits of renewable energy generation.

RECs can be purchased by individuals, businesses, and organizations that want to support renewable energy. They can also be purchased by utilities that are required to meet renewable energy quotas.

The price of RECs can vary depending on the type of renewable energy source, the demand for RECs, and the regulatory environment. However, in general, the price of RECs has been increasing in recent years.

If you are interested in purchasing RECs, there are a number of online marketplaces where you can do so. You can also contact your utility company to see if they offer RECs for sale.

Here are some of the drawbacks of RECs:

* They can be expensive.

* They do not guarantee that the electricity you use will come from a renewable energy source.

* They can be difficult to track.

Overall, RECs are a valuable tool for promoting renewable energy and meeting renewable energy quotas. They have a number of benefits, but they also have some drawbacks. If you are considering purchasing RECs, be sure to do your research and understand the risks involved.