Renewable Energy Certificates (RECs) Overview
This document is prepared to help Better Buildings, Better Plants, and Better Climate Challenge partners understand renewable energy certificates (RECs).
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
SEARCH · Search NASA
Results for “renewable energy certificates”
Search indexed NASA NTRS and DOE OSTI research on propulsion, heat transfer, battery materials and energy systems. Follow report and document links to the original sources.
Quote a phrase for an exact phrase match. Source license links do not imply unrestricted reuse.
Renewable Energy Contracting Options and Renewable Energy Certificates
Virtual Trainings are the online version of the multi-day workshops known as In-Plants (INPLTs) offered by the DOE Better Plants program. ORNL has a 6-session weekly training on Renewable Energy Contracting Options and RECs starting August 5th 2025 (10 am ET) focused on options and resources for the manufacturing sector. This session is earmarked for Tuesday, August 26th, 10 AM ET.
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
Deployment of Community Scale Solar Photovoltaic Energy Systems in Forest County Potawatomi Community
FCPC is a federally recognized tribe with a membership of more than 1400. The Tribe has a reservation in Forest County, Wisconsin, and tribal trust lands in Milwaukee County, Wisconsin, with significant governmental and business operations in both areas. Until relatively recently, FCPC was one of the poorest tribes in the Midwest. Due to its successful gaming operations, it now has improved its financial situation and is using its resources to benefit both its members and the general public through environmental and other community efforts, many of which are long-delayed because of the extended period of abject poverty. The Tribe has developed the long-term goal of becoming energy independent using renewable resources. In order to meet this goal, the Tribe has taken several important steps. As an interim step, FCPC is purchasing nearly 55 million kilowatt hours of renewable energy certificates (“RECs”) annually from certified renewable energy facilities in the United States. These RECs offset more than 100% of the present electricity use at all of the Tribe’s facilities. The Tribe is currently ranked number 11 on the Environmental Protection Agency’s (EPA) Top 20 Local Government list of green power purchasers and is a member of the EPA’s Green Power Partnership. The original project suggested small scale installations on tribal homes and certain government buildings. The Tribe suggested that the project would result in 730 kw installed. By revising the project, the Tribe was able to install 938 kw and owns the largest installation in Northern Wisconsin with the 800 kW installation at the Potawatomi Carter Casino Hotel (“PCCH”). The PCCH installation, in summer months, can provide near 90% of the use during daylight hours. Although tracking was not immediately available FCPC has since confirmed significant production with certain quarterly savings nearing $210,000. These installations provide a reduction in facility costs providing more revenue for Tribal services including cultural, health, sustainable food sources, environmental preservation and other Tribal initiatives. Further, the installations have resulted in positive steps towards the Tribe’s goals of energy sovereignty and the use of 100% renewable clean energy. Finally, the PCCH project, specifically, has had the additional benefit of providing a likely area for a microgrid. The size of the installation and offset achieved have pushed the Tribe toward planning for storage and a microgrid system that would both further the Tribe’s energy goals and provide a safe haven for the Community during times of need.
14 SOLAR ENERGY↗
Status and Trends in the U.S. Voluntary Green Power Market (2021 Data)
This data book provides certain data behind figures and tables found in the NREL presentation "Status and Trends in the Voluntary Market (2021 Data)." These data reflect estimates based on the best available data. Excluded Data This data book excludes data for certain figures using confidential survey data or purchased data for which NREL does not own the rights. In particular, renewable energy certificate (REC) price data are not included in this data book Rounding: Some estimates may be slightly inconsistent across tabs due to estimate rounding Citation for the data: E. O'Shaughnessy and J. Heeter. 2022. Status and Trends in the Voluntary Market. Golden, CO: NREL. For more information: contact Jenny Heeter (jenny.heeter@nrel.gov). For more information on voluntary green power markets see NREL's resources at https://www.nrel.gov/analysis/green-power.html. Acronyms CCA Community choice aggregation MWh Megawatt hour PPA Power purchase agreement RECs Renewable energy certificate
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
Voluntary Renewable Energy Procurement Programs in Regulated Utility Markets
Multinational corporations are increasingly purchasing renewable energy (RE) to fulfill international commitments, reduce supply chain emissions, limit environmental impact, and secure stable and affordable electricity. The potential scale of global corporate RE purchasing has been estimated to be nearly 100 GW and growing; however, many markets still lack supportive enabling environments for corporations to access RE through on-site project development or private sector transactions. Even where allowed by law, on-site generation may be insufficient due to space and technical constraints, introducing additional challenges. Utility green pricing and utility green tariff programs backed by renewable energy certificates (RECs), referred to as utility green procurement programs (GPPs) in this report, offer powerful market-based solutions to utilities, regulators, and policymakers to provide corporate and other consumers with RE product options while generating revenue to support RE development. As RE markets expand around the globe, GPPs have proven to be effective mechanisms in market regimes, ranging from fully integrated state-owned utilities to broadly liberalized power markets. GPPs utilize RECs, which are a type of energy attribute certificate and closely resemble guarantees of origin, to track and ultimately monetize RE attributes that corporations and other buyers must procure to demonstrate progress against their RE commitments and make public claims of RE use. Time-tested and transparent REC accounting mechanisms provide market confidence, while at the same time offering flexibility to utilities, regulators, and customers for a range of applications. RECs are used in all types of electricity market structures, as indicated in Figure 1, but REC-based program designs and supporting components differ depending on the type of market. Liberalized markets allow for customers to contract directly with generators for electricity and RECs, while traditionally regulated markets with vertically integrated utility structures may have greater restrictions on generation asset ownership and electricity sales. RE markets can be further defined as being either mandatory or voluntary. Mandatory markets require suppliers to deliver specified amounts of RE to grid customers, such as under a renewable portfolio standard (RPS), while voluntary markets involve no legal mandates, but demand is driven by self-imposed customer goals.
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
Status and Trends in the Voluntary Market (2019 Data)
Green power refers to renewable electricity voluntarily purchased by retail electricity customers. Renewable energy sources for green power include solar, wind, biomass, geothermal, and small-scale hydropower. This report summarizes data on the various ways in which voluntary purchasers - including residential, commercial, and institutional customers - purchase green power. We summarize key historic trends in U.S. voluntary green power markets and the current status of green power sales through seven products: utility green pricing programs, utility renewable contracts, competitive suppliers, unbundled renewable energy certificates, community choice aggregations, power purchase agreements, and community solar.
42 ENGINEERING↗
Behind-the-Meter Solar Accounting in Renewable Portfolio Standards
If a behind-the-meter solar photovoltaic (BTM PV) system is adopted, how does that influence the total amount of renewable electricity in its state in the long run (i.e., after the existence of the generator is reflected in the relevant utility's generation mix)? Would we expect the total amount of renewable generation to increase on a 1:1 basis with the BTM PV's generation? Or could it be something more, or something less? We show in this paper that the answer can depend on two key elements of how BTM PV is accounted for in a state’s renewable portfolio standard (RPS): (1) whether renewable energy certificates (RECs) from BTM PV can be used for RPS compliance, and (2) whether load served by generation from BTM PV counts as load covered by the RPS. These two elements combine into four possible accounting options, and we characterize the implications of each under the simplifying assumptions that the RPS is binding and the BTM PV RECs are used for compliance when allowed. For example, if load served by BTM PV generation counts toward the RPS load and BTM PV RECs cannot be used for compliance, the presence of BTM does not change the amount of RECs that the utility is required to retire, and yet additional RECs will be retired by the BTM PV owner - therefore, the total amount of renewable generation would increase on a 1:1 basis with the BTM PV generation. In contrast, under a common RPS design in which BTM PV RECs can be used for compliance and the load served by BTM PV generation is not covered by the RPS, the presence of BTM PV and transfer of RECs for compliance can actually decrease the total amount of renewable generation in the state, relative to a situation in which there is no BTM PV.
14 SOLAR ENERGY↗
Unlocking Energy Efficiency: Debunking Myths on the Road to Decarbonization
Energy efficiency is widely recognized as the foundational and most critical strategy for decarbonizing the manufacturing sector. Misconceptions surrounding energy efficiency measures often hinder their widespread adoption. This article aims to debunk five common myths and provides data and resources to help implement efficiency projects faster and more effectively to achieve greater decarbonization. First, the article challenges the myth that organizations have exhausted all possible energy efficiency opportunities by achieving voluntary energy intensity goals or energy performance certification. Second, it also addresses the misconceptions that efficiency projects are capital-intensive, require many qualified specialists, and have long investment return periods. By presenting real-world case studies and referencing commonly found efficiency opportunities, the article illustrates that energy-savings opportunities are ubiquitous. Organizations can use various contracting mechanisms as well as financial and technical resources from utility companies and government programs to lessen their burden. The notion that efficiency measures can be implemented solely in proprietorship facilities is dispelled. This article emphasizes the importance of green leases and explains that aligning decarbonization goals between the lessor and lessee can help drive savings for both parties. Finally, using unbundled renewable energy certificates as the sole pathway to decarbonization is strongly discouraged. By debunking these prevalent myths, this article aims to foster a deeper understanding of energy efficiency’s potential as a cornerstone of decarbonization efforts and to embrace it as a critical pathway toward a sustainable future.
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
North American natural gas market and infrastructure developments under different mechanisms of renewable policy coordination
Not Available
Avraam, Charalampos↗
Policy choices and outcomes for offshore wind auctions globally
Offshore wind energy is rapidly expanding, facilitated largely through auctions run by governments. We provide a detailed quantified overview of utilised auction schemes, including geographical spread, volumes, results, and design specifications. Our comprehensive global dataset reveals heterogeneous designs. Although most auction designs provide some form of revenue stabilisation, their specific instrument choices vary and include feed-in tariffs, one-sided and two-sided contracts for difference, mandated power purchase agreements, and mandated renewable energy certificates. We review the schemes used in all eight major offshore wind jurisdictions across Europe, Asia, and North America and evaluate bids in their jurisdictional context. We analyse cost competitiveness, likelihood of timely construction, occurrence of strategic bidding, and identify jurisdictional aspects that might have influenced auction results. We find that auctions are embedded within their respective regulatory and market design context, and are remarkably diverse, though with regional similarities. Auctions in each jurisdiction have evolved and tend to become more exposed to market price risks over time. Less mature markets are more prone to make use of lower-risk designs. Still, some form of revenue stabilisation is employed for all auctioned offshore wind energy farms analysed here, regardless of the specific policy choices. Our data confirm a coincidence of declining costs and growing diffusion of auction regimes.
17 WIND ENERGY↗
Modeling investment decisions from heterogeneous firms under imperfect information and risk in wholesale electricity markets
Not Available
Anwar, Muhammad Bashar (ORCID:0000000291846700)↗
Developing Residential Energy Usage Baselines and Energy Efficiency Options
FCPC has been a leader in energy conservation not only in the State of Wisconsin, but nationally, as well. In 2016, the Environmental Protection Agency (EPA) ranked FCPC 11th in its Top 30 Local Government List as a result of the extensive measures the Tribe has taken toward its goal of achieving 100% carbon-neutral energy independence. Some of these efforts include the reduction of the Tribal government workweek to four days instead of five, the purchase of renewable energy certificates to more than offset the Tribe’s annual energy consumption, the installation of solar photovoltaic systems, and the completion of energy audits of Tribal government facilities. Until now, FCPC has focused on energy efficiency options for government and enterprise buildings, but it is now time to broaden the scope of energy efficiency to include the Tribe’s residential community. The Tribe’s Energy Working Group has identified the completion of home energy audits as one of its more imminent goals, as formal energy evaluations have yet to be completed on residential dwellings on the FCPC reservation. Tribal leadership is already looking ahead to the anticipated outcome of these energy audits and has taken steps to develop a cost sharing program that will assist Tribal homeowners to implement identified efficiency options as a result of this project.
32 ENERGY CONSERVATION, CONSUMPTION, AND UTILIZATI↗
U.S. State Renewables Portfolio & Clean Electricity Standards: 2023 Status Update [Slides]
This report provides an overview and status update on U.S. state renewables portfolio standards (RPS) and has been expanded from previous editions to also cover 100% clean electricity standards (CES) adopted by a growing number of states. The report, published in slide-deck form along with accompanying data files, describes recent legislative revisions, key policy design features, compliance with interim targets, past and projected impacts on clean electricity development, and compliance costs. The 2023 edition presents historical data through year-end 2022 and projections out to 2050. Key trends from this edition of the report include the following: -Evolution of state RPS and CES programs: States continue to refine and revise their RPS policies, often by adopting higher targets and/or broader CES policies. Among the 29 states plus DC with an RPS, 16 states have RPS targets of at least 50% of retail sales, and 17 states have a 100% CES or RPS target. -Historical impacts on renewables development: Roughly half of all growth in U.S. renewable electricity (RE) generation and capacity since 2000 is associated with state RPS requirements, though that percentage has declined in recent years, representing 30% of all U.S. RE capacity additions in 2022. Within some regions, particularly the Northeast and Mid-Atlantic, RPS policies play a more central role in motivating RE growth. -Future RPS and CES demand and incremental needs: RPS and CES policies will require roughly 300 terawatt-hours (TWh) of additional clean electricity supply by 2030 and 800 TWh by 2050, requiring total U.S. non-hydro RE generation to reach 28% of electricity sales by 2050 (compared to 17% today). This amounts to roughly one-quarter of EIA’s projected RE growth through 2050. -RPS target achievement to-date: States have generally met their interim RPS targets in recent years, with only a few exceptions reflecting unique, state-specific issues. Most CES targets are not yet in force. -Renewable energy certificate (REC) pricing trends: Prices for NEPOOL Class I RECs remained at roughly $\$40$ /MWh over the past year, just below alternative compliance payment (ACP) rates in the larger state markets, while PJM Tier I REC prices continued to rise, reaching $\$30$ /MWh by year-end. Prices for solar RECs (or SRECs) remained relatively stable, and continue to exhibit wide variation across states, with the highest prices ($\$200-450$ /MWh) in NJ, MA, and DC. -RPS compliance costs: RPS compliance costs average roughly 3.5% of retail electricity bills across RPS states, though vary widely from state to state, with the highest costs (8-12% of retail bills) in states with solar carve-outs and high SREC prices.
29 ENERGY PLANNING, POLICY, AND ECONOMY↗
Cleaner Chips: Decarbonization in Semiconductor Manufacturing
The growth of the information and communication technology sector has vastly accelerated in recent decades because of advancements in digitalization and Artificial Intelligence (AI). Scope 1, 2, and 3 greenhouse gas emissions data of the top six semiconductor manufacturing companies (Samsung Electronics, Taiwan Semiconductor Manufacturing Corporation, Micron, SK Hynix, Kioxia, and Intel) were gathered from the publicly accessible Carbon Disclosure Project’s (CDP) website for 2020. Scope 3 emissions had the largest share in total annual emissions with an average share of 52%, followed by Scope 2 (32%) and Scope 1 (16%). Because of the absence of a standardized methodology for Scope 3 emissions estimation, each company used different methodologies that resulted in differences in emissions values. An analysis of the CDP reporting data did not reveal information on strategies implemented by companies to reduce Scope 3 emissions. The use of renewable energy certificates had the largest effect on decarbonization centered on reducing Scope 2 emissions, followed by the deployment of perfluorocarbon reduction technologies to help reduce Scope 1 fugitive emissions. Technology-specific marginal abatement costs of CO2 were also estimated and varied between −416 and 12,215 USD/t CO2 eq., which primarily varied depending on the technology deployed.
42 ENGINEERING↗
Status and Trends in the Voluntary Market (2020 Data)
Green power refers to renewable electricity voluntarily purchased by retail electricity customers. Renewable energy sources for green power include solar, wind, biomass, geothermal, and small-scale hydropower. This report summarizes data on the various ways in which voluntary purchasers - including residential, commercial, and institutional customers - purchase green power. We summarize key historic trends in U.S. voluntary green power markets and the current status of green power sales through seven products: utility green pricing programs, utility renewable contracts, competitive suppliers, unbundled renewable energy certificates, community choice aggregations, and power purchase agreements. It includes discussion of how the voluntary market may impact the grid.
community choice aggregation↗
Status and Trends in the Voluntary Market (2021 Data)
Green power refers to renewable electricity voluntarily purchased by retail electricity customers. Renewable energy sources for green power include solar, wind, biomass, geothermal, and small-scale hydropower. This report summarizes data on the various ways in which voluntary purchasers including residential, commercial, and institutional customers purchase green power. We summarize key historic trends in U.S. voluntary green power markets and the current status of green power sales through seven products: utility green pricing programs, utility renewable contracts, competitive suppliers, unbundled renewable energy certificates, community choice aggregations, and power purchase agreements. It includes discussion of how the voluntary market may impact the grid.
ENERGY PLANNING, POLICY, AND ECONOMY↗
A Revised International Standard for Gearboxes in Wind Turbine Systems
Gearbox and wind turbine design and application standards have contributed significantly to improvements in reliability over the past two decades. The International Electrotechnical Commission (IEC) 61400-4 standard of wind turbine gearbox design is currently being revised by a joint working group (JWG) of experts in IEC TC 88 (wind energy) and International Organization for Standardization (ISO) TC60 (gears) to further that effort. Experts from ISO TC4 (rolling bearings) and ISO TC28 (lubricants) have actively participated. This revision has implemented lessons learned from industry use of edition 1 since its publication in 2012. The main document, IEC 61400-4, was pared down to essential design requirements and application-specific recommendations along with a design verification framework. The JWG leveraged concurrent development of other standards, such as IEC 61400-8 on wind turbine structures, to replace edition 1 content. These are described along with how this works with the IEC Renewable Energy certification scheme for wind turbines (IECRE-WE). The JWG recognized the interest in maintaining informative parts of edition 1 including annexes on wind turbine architecture and loads, bearing and gear arrangements, bearing selection, lubrication system descriptions and lubricant performance recommendations. This information was retained in two technical reports: IEC/TR 61400-4-2 Lubrication and IEC/TR 61400-4-3 Explanatory Notes. Additionally, a technical specification, IEC/TS 61400-4-1, was drafted to provide a reliability calculation method for comparing different design options or conditions. Salient elements of these documents are described. All four documents were recently distributed for IEC/ISO review, ballot, and comment. Publication is expected in 2023.
gearbox↗
A Revised International Standard for Gearboxes in Wind Turbine Systems: Preprint
Gearbox and wind turbine design and application standards have contributed significantly to improvements in reliability over the past two decades. The International Electrotechnical Commission (IEC) 61400-4 standard of wind turbine gearbox design is currently being revised by a joint working group (JWG) of experts in IEC TC 88 (wind energy) and International Organization for Standardization (ISO) TC60 (gears) to further that effort. Experts from ISO TC4 (rolling bearings) and ISO TC28 (lubricants) have actively participated. This revision has implemented lessons learned from industry use of edition 1 since its publication in 2012. The main document, IEC 61400-4, was pared down to essential design requirements and application-specific recommendations along with a design verification framework. The JWG leveraged concurrent development of other standards, such as IEC 61400-8 on wind turbine structures, to replace edition 1 content. These are described along with how this works with the IEC Renewable Energy certification scheme for wind turbines (IECRE-WE). The JWG recognized the interest in maintaining informative parts of edition 1 including annexes on wind turbine architecture and loads, bearing and gear arrangements, bearing selection, lubrication system descriptions and lubricant performance recommendations. This information was retained in two technical reports: IEC/TR 61400-4-2 Lubrication and IEC/TR 61400-4-3 Explanatory Notes. Additionally, a technical specification, IEC/TS 61400-4-1, was drafted to provide a reliability calculation method for comparing different design options or conditions. Salient elements of these documents are described. All four documents were recently distributed for IEC/ISO review, ballot, and comment. Publication is expected in 2023.
ENGINEERING,WIND ENERGY↗