Renewable Energy Certificates

{
  "id": "MLC-T-ENV-023823",
  "term": "Renewable Energy Certificates",
  "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. Renewable energy certificates are usually sold in 1 megawatt-hour (MWh) units. A certificate can be sold separately from the MWh of generic electricity it is associated with. This flexibility enables customers to offset a percentage of their annual electricity use with certificates generated elsewhere. For more information, view Green Tags vs. Delivered Product (PDF).\n\n2. 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.",
  "abbreviation": "RECs",
  "synonyms": [
    "Green Tags",
    "Renewable Energy Credits",
    "Tradable Renewable Credits"
  ],
  "subject": "Sustainability and green living",
  "references": [
    "Greening EPA Glossary",
    "Green Power Markets Glossary"
  ],
  "url": "https://mlchart.com/terminology/environment/renewable-energy-certificates/"
}