Renewable Energy Certificate

{
  "id": "MLC-T-ENV-023822",
  "term": "Renewable Energy Certificate",
  "field": "Environment",
  "definition": "1. Also known as green tags, green energy certificates, or tradable renewable certificates. RECs represent the technology and environmental attributes of electricity generated from renewable sources. RECs are usually sold in 1 megawatt-hour (MWh) units. A certificate can be sold separately from the underlying generic electricity with which it is associated. Once the REC is sold separately from the underlying electricity, the electricity is no longer considered renewable. RECs provide buyers flexibility to offset a percentage of their annual electricity use when green power products may not be available locally.\n\n2. Represents the attributes of one megawatt-hour (MWh) of renewable electricity that is generated and delivered to the grid. RECs are used to track and assign ownership to renewable electricity generation and use.",
  "abbreviation": "REC",
  "references": [
    "GPP Glossary",
    "Unbundled and Renewable Energy Certificates, https://www.epa.gov/lmop/unbundle-electricity-and-renewable-energy-certificates"
  ],
  "url": "https://mlchart.com/terminology/environment/renewable-energy-certificate/"
}