23 Dec '12, 11pm
In Focus: Renewable Energy Certificates (RECs)
Though the ownership of these certificates is tracked by renewable energy tracking systems such as M-RETS (Midwest Renewable Energy Tracking System) and/or WREGIS (Western Renewable Energy Generation Information System), the qualities associated with RECs are intangible so they don’t have to be restricted by geographical location in the same way as the actual electricity. The clean qualities of the REC will sometimes have to be bundled with the actual electricity, but in theory they don’t necessarily need to be. The extent to which RECs transcend these physical limits does depend on legislation, but we’ll see how REC markets play out with legislation in the coming years.