Search results for: eligible renewable energy certificates

Renewable Energy Certificates (“RECs”) from eligible resources are intended to be used for purposes of compliance with a mandatory renewable energy portfolio standard program (“RPS Program”), which was also established through the VCEA. The VCEA requires the Company to submit its plan for and progress made toward meeting these statutory development targets annually to the State Corporation Commission (“the Commission”).

New York is focused on driving down energy demand by investing more than $6.8 billion in building energy efficiency and clean heating initiatives through 2025. As a result of the Public Service Commission’s “New Efficiency: New York 2.0” order, $2 billion in utility energy efficiency and building electrification initiatives are underway.Addressing the residential sector is an essential component to meeting these climate and energy goals.

Owner of Generating Facility will have submitted a “Green-e Energy Attestation from Generator Participating in a Tracking System” form to Green-e and have Green-e’s acceptance of the form. Starting with vintage 2024, the term of the strip is to be 2, 5, or 10 years. Delivery: RECs will be transferred via the Western Renewable Energy Generation Information System (“WREGIS”).