Renewable Energy Certificates (RECs) 

Document the consumption renewable energy in the United States and Canada, whether for compliance or voluntary purposes.

Ecohz also offers Green-e® Energy certified RECs across North America.

RECs new

What is a REC?

Renewable Energy Certificates (RECs) are used to track and document the consumption of renewable energy in North America. Each REC represents 1 MWh of renewable energy and states how, where and when that unit of energy was produced.

RECs are retired —or redeemed— in favour of a single organisation, which then owns the environmental benefits of that unit of energy, such as lower emissions. The US and Canada are considered a single market, meaning RECs can be bought and transferred across state and national borders.

RECs tracking systems

There are ten tracking systems or registries across the United States and Canada. These systems issue and retire certificates to ensure transparency and legitimacy and avoid double counting.

Tracking-System-Map

The REC purchasing process

01 Strategy

Our advisors tailor a procurement plan for your company based on your location, volume of consumption, and sustainability ambitions.

02 Offer

Based on your country and volume of consumption, we discuss how we can help you reach your renewable energy ambitions.

03 Contract

We deliver a standardised contract to guarantee the purchase and delivery of RECs by an agreed date.

04 Delivery

We provide you with an invoice and all the necessary documentation for renewable energy reporting.

The price of RECs

The REC market is subject to multiple pressures. Weather patterns, policy changes, and geopolitical events can affect the price of the certificates.

The graph below shows the price behaviour of the RECs over time. Although, future developments are hard to predict, Ecohz’ advisors monitor the market constantly to provide our customers with the most cost-effective solution available.

 

REC wo prices

 

What are the benefits of buying RECs?

Companies that buy renewable energy documented with RECs:

  • Reduce Scope 2 emissions in line with the Greenhouse Gas Protocol. 
  • Become more appealing to investors and funds with sustainability criteria.
  • Build loyalty with an increasing share of environmentally minded customers.
  • Accelerate the energy transition by directing extra income to clean power producers, making renewables more competitive and incentivising investments in new capacity.

Building a smart REC procurement strategy

01 Consumption period

noun-calendar-7907541 (1)RECs can be cancelled to comply with different consumption periods, which offers cost-saving opportunities.

02 Timing

noun-stock-market-7887831Agile purchasing allows you to take advantage of market fluctuations.

03 Technology

noun-wind-turbine-7912273Whether solar, wind, hydro, biomass or other, tech can be determining for REC prices.

04 Long-term procurement

noun-binoculars-7569581Forward year REC buying and other strategies such as PPAs can cut costs and reduced risk.

05 Sustainability standards

noun-standard-5343524Aligning with initiatives such as RE100 and obtaining high CDP scores requires meeting strict quality requirements.

06 Reporting deadlines

noun-documents-1013544Ensure RECs are purchased prior to registry deadlines too.

07 Ecolabels

noun-leaf-7865043Consume renewable energy meeting requirements of specific standards or certification programmes.

RECs certified with Green-e®

Green-e® Energy is the leading renewable energy certification program in North America. Corporate environmental standards like Leadership in Energy and Environmental Design (LEED)The Climate Registry (TCR), and B Corporation, among others, recommend or require RECs accredited by Green-e® . 

RECs certified with Green-e® are also used for compliance purposes and can be combined with state-specific certification schemes for additional benefits. 

Green-e Energy Certified Square

Ecohz Renewable Energy Procurement Portals

We developed digital platforms that simplify how you source renewables around the world, whether for business units or value chain partners.

For Scope 2

Bring decentralised renewable energy procurement under control with a platform that streamlines EAC purchases globally. 

For Scope 3

Give your suppliers easy access to renewable energy and reduce Scope 3 emissions worldwide.

Scope 2 portal

Sell your supply

Market your renewable electricity to buyers worldwide.

Webinar: How to ensure the quality of RECs with Green-e®

In May 2024, we held a 30-minute webinar discussing how we can ensure that corporate purchases of renewable electricity have the greatest possible effect.

Would you like a price offer on RECs? Let's have a chat.

Get in touch

Noah Altamirano
Senior Renewable Energy Manager, Ecohz Inc.

Sell your supply

Ross Pierson
CEO, Ecohz Inc.

Book a meeting

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